Open Source, P2P Decentralised Market Released

[Renegade]

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.

[Renegade]

Here's a fun video for BitXBay:

It also gives a bit of flavour for what it's about. Sweet!