Quote from: choeymethod on November 23, 2014, 03:29:03 PM

Quote from: dzimbeck on November 23, 2014, 02:45:05 PM

Quote from: delulo on November 23, 2014, 02:12:57 PM

1. What is the development schedule? More specifically: When will the functions be in place described in the OP?

2. What makes Bitbay different from Openbazar? Adding smart contracts to it?

The first question was answered multiple times already times already in this thread. I just asked for someone to make an FAQ.

The second question is like this, Open bazaar is not decentralized markets. They are pseudo centralized.

Most importantly, OB relies on arbiters. Arbiters don't work. This is why E-Bay and alibaba constantly deal with fraud with shipping. Arbiters cannot help the situation. How do they know who is lying? The same is of course true for juries and law.

Double deposit escrow is superior to any arbitration system because its immune to collusion, bad judgement, and middle men.

Also, OB doesnt have smart contracts and they dont have all the other Halo features, the economy, etc.

BitBay, Halo etc are smart contracting systems with an entire economy within. There are tons of plans in store. Please look through the thread for my schedule and I'm going to ask the community to put together an FAQ

Lastly, I was asked about difference from BlackHalo and basically BlackCoin is centered around NightTrader, Multipool, upwards price pressure cold staking and smart contracts
Bitbay is most about hedging, markets (although BlackHalo also has), hardware, and exotic contracts.

Lots more is in store for both projects so just hang tight.

How is OB pseudo centralized?

Because they dont have decentralized servers. I highly doubt the IP address is well hidden. It uses DHT to distribute traffic about a store but that makes it highly localized and easy to get information about users so its not really decentralized. If anything its a nice way to give markets an outlet. Like using a torrent to route some traffic. But in theory its nothing like the Halo Bitmessage proposal.

Using Bitmessage, its a highly advance system of using nodes to route encrypted traffic. Much more anonymous and is 100% decentralized.