It will also be much, much cheaper to use than eBay. I can't wait that they finish it though.
It might be cheaper and even better, but without the numbers or userbase it wont be much good. It's how I look at bitcoin. Obviously its better than fiat but it just doesn't have the userbase or merchant adoption yet.
The Bitcoin ebay site, BitMit, did pretty well with many merchants and quite a few users. And that was just a website run by one guy (who apparently was overwhelmed and shut it down).
Bitmit really wasn't doing that well and if it was it wouldn't have shut down. He could have just hired more people. Why would you kill a growing business. Cryptothrift is another. Sure people use it but not enough for it to be significant.
Maybe they weren't a growing business but still doing ok yet the owners had even better options to make money. Then you would just sell the business though.
Nah, he just wasn't ready to run a business.
The reason I want to let other people take
over Bitmit is simply that I prefer to focus on other things in my life.
Bitmit has taken too much of my life and I sleep way better when I don't
have to take care of thousands of dollars of user funds. This does not
mean that I think Bitmit is not secure but it's a big responsibility to
manage so much funds of other people.
# Visitors
In the last month Bitmit did have 8-10k unique visitors / day.
Country / Territory % Visits
United States 39.00%
Germany 6.53%
United Kingdom 5.90%
Canada 4,951%
Spain 2.85%
Russia 2.16%
Netherlands 2.08%
France 2.06%
https://bitcointalk.org/index.php?topic=41592.msg3660380#msg3660380