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by merterdir 3716 days ago
Nice idea.

But the whole idea of OpenBazaar is that it's decentralized. I guess you'll be the "center" in this case. If OpenBazaar becomes big enough, I think this will work (and face competition from hundreds of clones) but if it stays the niche it is today, I'd assume this won't work because currently the only people who use it are people who care about the "decentralized" part. The reason for that is everything else at OpenBazaar currently sucks. (Early stage problems)

I could be wildly wrong though, I'm not an expert in this domain.

1 comments

Yes, OpenBazaar has to gain traction for this to work.

Obaas is like the exchanges for Bitcoin. Bitcoin is decentralized in the same way as OpenBazaar. Most people use exchanges to take part in the Bitcoin network. So if OpenBazaar takes off, the first webservice that makes it accessible to the masses will have a nice headstart. Similar to how Mt.Gox had a nice headstart. When it was still active, 60% of all bitcoin trades were done via Mt.Gox.

Great argument, I'm convinced.

Referencing Mt.Gox is a risky move, though :)