Interest in Crowdfunding for Tralfamadore: A Decentralized DNM on the Ethereum Blockchain

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We're currently developing Tralfamadore: a decentralized darknet market
running on the Ethereum blockchain. It's fairly far along in 
development: we have the backend smart contract (Tralfamadore) working 
and the simple demonstration html frontend (The Directory) has nearly 
all features added. The major steps we need to take are design and 
security-testing.

The listings, vendors, sales, reviews, and escrows on this market are 
all decentralized. This means they can never be taken down, money in 
escrow can never be taken by market owners, and any frontend market 
can access the backend database,meaning no market will prevail simply 
because it has more listings. It's a much different design than current
markets: there are no accounts so purchases, purchase actions, and 
orders are all controlled by your ethereum wallet. The system requires 
no advanced Ethereum knowledge for buyers and vendors--not even 
copy-pasting contract ABI's. Frontend markets make money by mediating 
escrows and through referral commissions set by a vendor for each 
product. We will make it very easy for these frontend markets to 
"plug into" Tralfamadore.

The problem is our current investor has been MIA for a bit now. We're 
worried about their status so we are reaching out to the community to 
gauge possible interest in crowdfunding. Of course if the investor 
comes back we will not need the investment.

What we would do for crowdfunding is make our demo public for all of 
you to check out. If you are interested in investing after using the 
demo, you would send any amount of ether (below the total amount we 
need) to a smart contract we make for the investments. Depending on 
the amount you send, you will receive, in perpetuity, a corresponding 
percent of the investor payouts. For example, if we dedicate 1% of all 
escrow to investors for a total price of $20,000 and you invest $1,000, 
you would get 0.05% of all sales on Tralfamadore forever.

This is obviously a risky investment and that is why we are asking 
whether the community would participate. Given that Alphabay's current 
public sales volume alone is >$800,000 per day and Tralfamadore aims to 
be the backend for every market, we believe the risk is well worth it 
for investors. This is in addition to being able to see a working demo 
which, at this point, our team would be silly not to complete.

What do you guys think? Would you invest? Do you think others would 
invest? This community is inherently a risky bunch and Kickstarter is 
barely safer with much less of a return so we figured crowdfunding is 
worth an inquiry. 

Feel free to PM me or post questions below,
Billy Pilgrim


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EDIT: Clearing up the structure of this. Unlike all other decentralized
markets to date, this requires no special software downloaded or 
anything of the sort. The user will use it just like any current 
DNM by visiting a frontend .onion page. 

These frontend webpages are run by anyone who wants to make one. The 
frontend sites ARE centralized so they can be taken down, but all of 
the data they display is on a decentralized backend (the Ethereum 
blockchain). We're basically just using Ethereum instead of SQL.

Forgot to edit with my 4096 key:


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Check it against my sig here:
https://www.reddit.com/r/DarkNetMarkets/comments/6jv6c3/announcing_ethrow_a_browserbased_decentralized/


Comments


[2 Points] wombat2combat:

if not listings can get removed what happens if people list fucked up shit like cp, contract killers, phishing / scamming offers, . . . ?

will the source code be available too? [before people decide to invest]

by the way: you may want to shorten your lines [i.e. make line breaks after market in the first line] so users do not have to scroll sideways. also include a link to your pgp key otherwise the signature is not really useful.


[1 Points] MitalikaSucks:

What happens if people invest money, but unfortunately, you do not get the whole sum?

Will the funds be sent back?


[1 Points] None:

[deleted]


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[1 Points] Oliveryo:

I would invest, give me information about how to invest.