Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [CLOAK] Cloakcoin | No Premine | X13 | Decentralized Market and PoSA
by
x11joe
on 18/07/2014, 07:24:46 UTC
::OneMarket Update::

Okay, in light of some recent discussions I've had regarding OneMarket we need to make some tough decisions as a community before I begin coding forward.

Problems:
- Listings have self-regulation fee to pay OneJury reviewers
- Source-code is public

These problems mean that someone can/will remove the OneJury from the coin thus making a cheaper alternative marketplace and ultimately defeating the purpose of OneJury in the first-place unfortunately BUT only if more people will use that coin and adopt it?

Will more people use the evil coin then cloak which will be held to a higher moral standard?

If I were to make a coin without OneJury...

Positives:
- Price of coin will skyrocket from dark-market use, especially because of PoSA features.
- Far easier to implement the marketplace faster.

Negatives:
- Are we legally held responsible for bad posts?
- Moral concerns about the listings.

But since someone will ultimately do it 'anyways', does that mean that we need to be the coin that might as well do it first?

So question is: "Do we stay with OneJury and try to create a safe marketplace that will compete with the copy-cat dark market coin that is sure to follow (if we can), OR do we just make the coin completely free of all restrictions?"

I'm interested to see where the community wants to go.  I will program whatever it is we want as long as everyone is aware of the moral concerns involved.

::Possible Alternatives::

It's possible to add in a private listing feature so that dark-market users can still make postings, they will just not be searchable by the general public.  This would protect the general public with OneJury still, but still allow dark-market use which would happen anyways with a copycat clone.

Downsides:
- Listings are cheaper because of no need for OneJury Fee
- People might want to just always do 'private' listings to save money.  This could work if someone created a website for OneMarket where people go their to list their public key address and everyone just searches there to find listings instead of using OneMarkets interface (thus getting around OneJury and defeating the point).

Positives:
- Listings are cheaper because of no need for OneJury Fee.
- Might make it more legal for us??
- Value of cloak goes way up from darkmarket use.

We could also create 'two' coins, cloak which upholds a moral standards for a marketplace and another coin in which anything goes? Not sure this is much of an alternative though...

I'm still thinking of other alternatives but I'm curious to see what the community wants to do moving forward.  I'm getting some sleep for now but will update you on OneMarket progress once we decide what we want to do moving forward.