Re: [ANN] [CLOAK] Cloakcoin | No Premine | X13 | Decentralized Market and PoSA

I'm not the developer working on the PoSA side of things, so for those wondering, the other Dev is working on it, its in the testing phase now.

Maybe also a catchall that nothing illegal may be bought or sold. The last thing you guys want is criminal charges that you helped set up another Silk Road, so the clearer you make it from the start that this is intended to not be that, the better.

But as long as we have your attention, I have some other suggestions. I read the whitepaper, but it has been a while, so I aoplogize in advanced if any of this is addressed there. Also I apologize if some of this is impossible due to the nature of anonymous wallets. But just some ideas.

* do not overlook the value of ratings - buyers should be able to rate their sellers and probably vice versa. I think this is the strongest assurance ebay buyers have. To me, this is more valuable than the trustless escrow. Trustless escrow is good, but the problem is if your run into a difficult person and you guys just can't agree, you both lose your escrow and you both end up losers, and I guess as a buyer it is some consolation knowing the seller lost money too, but it is still not a good situation

* there should be a history of how many successful transactions parties have

Also, I have some questions on the interface. How will the listings be organized? Will search work well? With all of this being decentralized, will there be a lot of lag bringing up listings?

I thought about ratings, and there is some simple ratings involved, such as number of failed/successful transactions with trustless escrow. The problem with ratings is they can so easily be manipulated. People will just pay for an item to themselves to give themselves a good rating. What use will ratings be then?

I was thinking therefore of leaving the ratings up to the listees in their posts. One could link to a third party trusted site that the community agrees upon in their listing post and people could view the ratings there. If anyone has an idea for a p2p style rating system that can not be abused I'm open. I could not think of anything on the initial concept for OneMarket. The entire team is always open to ideas though.

I don't invest in crypto looking for the next Ebay. To me the idea of a decentralized market is just that, decentralized. There should be centralized control against private transactions between two consenting parties. If it doesn't cause harm to a third party (such as childporn or weapons of mass destruction ect.) then I don't think OneMarket or any decentralized market should step in and say what is allowed and what isn't, we already have Ebay for that.
The Whitepaper made a great case for the onejury review system to prevent morally offensive listings, such as childporn which nobody would want to use a market where that was available. As for what's "legal" in certain parts of the world I don't think it has anything to do with the market since it's a global market free to allow free market transactions and offer economic freedom without the threat of interference from government control and manipulation. And no I'm not talking about the U.S. and buying pot on Onemarket, but most countries don't have the economic freedoms we enjoy in the U.S. so it's not just about drugs.

I saw another comment saying they don't want to see the government come after cloak if drugs are sold. That's like saying the guy who invented torrents should be held liable for all the illegal movies downloaded breaking copyright laws. Nobody owns the market, it's part of the network. The government is free to go after whomever they think is breaking their laws but the developers aren't doing anything illegal and neither is cloak.

I invested in Cloak because of the whitepaper on Onemarket. The whitepapers on anonymous transactions were good too but the OneMarket paper really sold me on the developers and their vision for an autonomous market layered on top of a coin network that also supported anonymous transactions.

Sorry for the rambling, I know these aren't set in stone rules that ban certian listings or anything. I just have a strong libertarian viewpoint and love the idea of the Onejury system where the users of cloak decide what's listed and don't see the need to worry about what's legal where, what regulations and sales tax and jurisdiction and..you get the idea, I just like freedom for the people to decide.

Hey Liquid,

I agree with the majority of your post; However, I think you meant there "shouldn't be controls" between two consenting parties or maybe I am mistaken. I have very strong libertarian views as well and OneMarket is about as close as we'll get to a free market (besides crypto in it's current form).

The concept of a decentralized market coupled with anonymous transactions could be a game changer for commerce. Check out my post here: http://cloaktalk.org/t/one-market-community-guidelines/99/2