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[–]hugsfordrugs 5 points6 points  (6 children)

An all-FE market with a referral program.

Just when I thought the parade of asinine new markets would end.

[–]Onionshop-org[S] 1 point2 points  (4 children)

and why do you think so?

[–]hugsfordrugs 1 point2 points  (3 children)

I hate saying things like this because I feel like a complete asshole, but someone needs to say it. The new standard for markets is rapidly becoming multi-signature escrow, as more and more markets lose buyers' and vendors' money by way of "hackers", site seizures, and untrustworthy admins. People want to know that their money can be received by the vendor ONLY after the product is received in a satisfactory manner.

The only FE-only market to ever have any success has been SR 2.0, and that's ONLY because they already had a huge userbase and vendorbase before they made the change. As it stands, they still lost a lot of customers after making that decision.

The bottom line is that I just can't possibly imagine your site attracting anyone. You could have the best interface in the world, be the most trustworthy admin, and have an incredibly secure site but none of that matters if escrow isn't an option.

[–]Onionshop-org[S] 1 point2 points  (2 children)

well we already have quite a lot transactions going on.. Sending BTC directly to the vendors wallet is the safest and quickest way to transfer coins, safer than any escrow there is. Sure you dont have the safety of a third party as a customer, but this isnt necessary with most top vendors. despite that we will add some type of optional escrow soon anyway, so..

[–]hugsfordrugs 2 points3 points  (1 child)

But why would customers and vendors not simply utilize any regular BTC wallet transfer and avoid having to pay a commission fee? In your system it can be assumed that the majority of the transactions will be through trusted vendors, so why would I as a customer pay an extra $15 on a $260 oz of medical marijuana when I could just send the vendor the BTC myself and he'd drop the price to $245?

Hopefully you come through and add other forms of escrow soon, and either way I wish you luck. Like I said it's nothing personal and I don't want to come off as an asshole, but I just don't understand the thought process behind this market.

[–]Onionshop-org[S] 1 point2 points  (0 children)

no problem, didnt take any offense. well, a vendor doesnt sell directly because of the many other advantages you have when running a shop. Practically the same reason why people use marketplaces except the escrow. just a reminder of what processes are running in such a system:

  • manage all your listings, quantities etc
  • easy way for cusomer to pick items and pay for them the actual current btc price without the vendor having to calculate all the time or pin the order to a specific amount for some time
  • super efficient interface to handle your orders, communicate safely with customers and support, functions like exporting a list of all open orders, decrypting all at once, marking them as send as once etc.
  • nice reputation base showing infos about the vendor, unsent orders, transactions, last time online, feedback given for his orders, a 1-5 star rating, a list of all other markets he is vending on, and the verified PGP key
  • once the market launches a lot of orders come through it without the vendor having to promote their own store, more business
  • nice visitor, turnover, btc stats etc etc etc etc

[–]sharpshooter789 1 point2 points  (0 children)

Lmao those are the absolute worse features for a DNM. It encourages spam AND scamming.

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