Theoretically if Agora did exit scam, surely this would have to be the last of a centralized market?

(I don't believe Agora has exit scammed, hypothetical)

Surely if it happened people would of learnt enough to know it doesn't work and it can't go on? Personally I don't think I could deposit again into a market that could take the coins in a flash. Mainly because Agora is a market I've trusted the most, if they will do it then any and every market will in my opinion.


Comments


[21 Points] None:

[deleted]


[8 Points] None:

No, people have a horrible short term memory.


[9 Points] None:

[deleted]


[7 Points] MCSledgeHammer:

I think it has a lot to do with how horrifically difficult multisig is to handle.


[3 Points] None:

People have short term memories here, but IMHO we desperately need a decentralised market place. It's the way forward. Someone will eventually do it.


[4 Points] Insipid_Pedantry:

If it is, I for one am fucking done. I got burned once on EVO, if I'm burned again on Agora, I won't be burned a third time. This is just fucking ridiculous.


[2 Points] Thulleturntup:

People are lazy all the markets could exit scam and people would still use centralized markets and would not implement multi-sig


[2 Points] DaveBowmanX:

what is the difference between centralized and decentralized ?


[2 Points] havana_fidel_castro:

Even without an exit scam, a traditional escrow market is still a very high risk especially for vendors. We never like to think about the possibility, but LE takedown of a market is almost 100% certain to result in massive losses. Vendors who worry about this should check out Havana and Absolem markets. We are unique even among multisig markets with an "end-of-days" transaction that vendors get when they ship their product. It's presigned by the market and absolutely will pay out to vendors in case something happens to the market. We are accepting applications from quality experienced vendors. Register a buyer account and click the link at the bottom of the home page. havana3cofejesta. + onion.


[1 Points] badgrl2:

Markets have stolen people's BTC nearly a dozen times already, why would it change everyone's mind if it happened yet again?


[1 Points] None:

What is the chances that Agora will never come back online? And if so where will we all migrate to? I tried BB and didn't like it too well. Oh well, guess I'll just get over it.


[1 Points] Theeconomist1:

Nope. People will take easy and quick over putting a little effort in. But it's possible. I think we are at an intersection of an interesting time that a new market with multi sig can thrive. When evo was around and if agora was up more, there'd be no incentive for a multi sig market IMO. A small subset of users will ask for it but most won't care. Hell I'd venture to say if agora had way better uptime, even with the evo scam, a new multi sig market might not get the momentum it needs to survive. With agoras downtime and the evo scam I do see the potential for a new market to thrive and grow that uses multi sig. But it's not bc of the evo scam but more the lack of availability of agora. People have short term memories. And newer concepts work best when the timing is right and there are unique circumstances. I think this might be one of those sets of unique circumstances. But it needs to happen fairly quick. If agora returns and is fairly stable it'll be tough I believe


[1 Points] BadP0ppa:

It's funny, I was @ the end of a deal. My PIN was asked for, used the same as ALWAYS, pin not working. Had to ask for a reset, 19 days. This would have been day 14, 5 left.


[1 Points] None:

"Necessity is the mother of innovation." - Benjamin Franklin

If one goes down, another will fill its place. Same story with every darkmarket so far.


[1 Points] gerundive:

I'm sure that illegal markets would continue to scam noobs for the next decade or so, but it'd be the last nail in the coffin for those who thought that DNMs could change the world.


[1 Points] Headleylamar66:

That is a depressing theoretical


[1 Points] niko7222:

I check in from week to week. They have been down 5 days. Have they been down this long in past and came back. Or should I find a new home


[1 Points] oogdoogan:

There'll be plenty more fools after you and I.


[-1 Points] Vendor_BBMC:

I think Agora is the one market which could get away with it, since they changed the way bitcoin is handled internally in the marketplace (it isn't - it stops at the door and you trade with casino chips that don't show on the blockchain).

I had quite a few conversations with Agora's owner, who remembered me for accusing him of being complicit in the Sheepmarketplace robbery, when he was an admin for bitcoinfog.

I was impressed by the frank, full answer he gave for not charging commission when those 96,000 btc were tumbled.

It was before the SR2 escrow was stolen, and Agora became busy. We discussed why very few marketplace owners had ever pre-announced their retirement, then closed in an orderly way. I suggested that he places a time-limit of a year or 18 months, rather than carrying on to failure. Also, to close every Sunday for maintenance while there is no post, to force everyone to have a day off.

Most important to me, personally, was that I got him to promise never to rob BBMC, even if he has to rob everybody else.

He protested (genuinely, I felt) at the very idea. I said "you can't prepare for the stress of being a marketplace owner. After DDOS attacks, FBI infiltration, blackmail, and the constant intrigue which causes "TOR fatigue", I think a lot of marketplace owners rob us and close just to get a day off."

I used to just chat to him through the support messaging system. The last thing we discussed was the possibility of me becoming a market admin when I retire.

Until just before Easter.

I sent a hurried message to support, warning of a possible influx of users from Evo later that day, because some of Evo's disgruntled moderators were genuinely alarmed by something they had seen, and the BTVA had been discussing publishing a marketplace exit scam warning on Reddit.

We voted, and I'd just clicked "Save".

I now realize that Agora's owner probably doesn't roam the support queue himself. In all probablility, a junior admin will have read it, decided I was some kind of nut-job, and never forwarded it.

He probably forgot all about it a few hours later, when a tidal wave of new users began to flood agora. I was preparing an apology message when Agora went down on its current outage.


[-5 Points] None:

Nope. . Centralized markets ftw.. you win some you lose some..find trustworthy vendors people