Post
Topic
Board Bitcoin Discussion
Re: Why has no-one done a crypto Ebay?
by
kryptqnick
on 20/09/2020, 09:35:16 UTC
First of all, a "crypto Ebay" would not be feeless. Handling with Bitcoin costs always fees.
Secondly, crypto Ebay's already exist in the Dark Web. There you can find many marketplaces and Ebay clones where you can buy all things and stuff (legal and illegal) with Bitcoin and cryptos like Monero.

I just meant feeless from the Ebay perspective. They charge huge ammounts of money to sell things. Crypto transactions can be tiny.
Like I said I don't want to use the darkweb. This isn't about doing something illegal it's about having a cheaper and more viable alternative to Ebay.
There is also Ebid but nobody really uses it so it's always about having that critical mass I suppose.
I don't use Ebay, but don't some of those fees cover the taxes? I mean, as far as I know if you're selling something on Ebay, the taxes are considered paid, it's all legal. I also came accross this discussion that seems to confirm my hypothesis. So my point is, it's not only Ebay getting rich from the fees they impose (even though they are), but it's also the fees associated with the whole buying-selling business their fully legal. Darkweb markets are obviously not paying taxes (right?), and if a version of ebay accepted cryptos and did everything to remain legal, it would probably impose fees like that as well.