Post
Topic
Board Bitcoin Discussion
Re: OpenBazaar Opened , your first impressions ?
by
CoinPro*
on 11/04/2016, 11:06:34 UTC
Clean, easy to use. Needs a better directory, or categories of what is available. After 48 hours of tinkering, I like it. Adding an auction feature would definitely start cutting into eBay/PayPal's monopoly.

We have created a listing offering escrow/mediation service. Just search for CoinPro under listings. We will rebate the .0015 to the first 20 users that leave positive feedback.

The problem with a decentralized auction is, that the winner doesn't have to pay. You will have a lot of auction crashers. The people who really want to buy stuff will hardly get them. I mean, you even can write a script, that always offers 1 $ (edit: sorry 0.000whatever BTC) more than the last bid at every listing. Kind of OB DDos attacks for the lulz. Roll Eyes

That happens all day on eBay too. Scumbags bid up items with no plans on actually paying. Easy fix (which eBay should have done years ago), is require the bidder to have the funds already in account. Once auction ends, immediately transfer funds to seller. Sellers can have the option to require immediate transfer or not. Kind of like if you go to a high value auto/art/antiques/etc auction, you need to prove you have the funds, and are required to complete transaction.