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Author Topic: Open Source, P2P Decentralised Market Released  (Read 940 times)

Renegade

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Open Source, P2P Decentralised Market Released
« on: July 10, 2014, 11:35:30 PM »
This could be VERY big. An open source, P2P decentralised marketplace.

https://bitcointalk....x.php?topic=589578.0

That's where it is maintained.

On Reddit:

http://www.reddit.co...lized_and_anonymous/

  • Decentralized, no servers
  • Bitmessage as a transportation medium
  • One "Public channel" for offers, "Messages" for direct communication
  • Bitcoin for payments
  • Three multisig addresses: one for the payment, two for insurance payments
  • Buyer and seller both send 5% of the sum to one multisig address
  • Both have an (5%) incentive to be honest and stick to their side of the deal
  • After the buyer receives the goods, all three payments are released: 5% back to the buyer, payment to the seller, 5% back to the seller

This could be a threat to eBay and Amazon at some point, but we'll see.
Slow Down Music - Where I commit thought crimes...

Freedom is the right to be wrong, not the right to do wrong. - John Diefenbaker

Renegade

  • Charter Member
  • Joined in 2005
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    • Renegade Minds
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Re: Open Source, P2P Decentralised Market Released
« Reply #1 on: July 27, 2014, 08:38:22 PM »
Here's a fun video for BitXBay:



It also gives a bit of flavour for what it's about. Sweet!
Slow Down Music - Where I commit thought crimes...

Freedom is the right to be wrong, not the right to do wrong. - John Diefenbaker