[CommunityDiscussion] The Decentralized Marketplace Solution is here!

"Give a man a fish, you feed him for a day. Teach a man to fish, you feed him for a lifetime."

Earlier today /u/GrandWizardsLair analyzed the various state of decentralized marketplaces and it was a candid look at the shittyness of the current situation. Openbazaar is most likely not going to solve anything for us anytime soon, Bitbay is a joke and is not decentralized, Shadow is promising but upon further inspection demands too much of the user and has the potential for an EVO style exit scam ala Bernie Madoff ponzie mechanism... So what is the solution? NXT.

Vendors post listings inside the wallet of a decentralized cryptocurrency called NXT, in addition you can:

  1. Send automatically encrypted messages that self-delete after 15 days (not a replacement for PGP)
  2. Participate in the rating/review system (in addition you can write 'graffiti' on anyone's account)
  3. Create and edit your profile with contact and sales information that can never be seized or altered
  4. Create marketplace listings which have a public rating/review/feedback system
  5. Issue gift codes or redeemables that can be transferred to anyone

Now how do we solve the escrow problem? Well it's actually quite simple. Multisig is the solution, but electrum is too complicated for most people and learning the tutorial gets ignored by most because it's intimidating (and most don't want to risk their money with an experiment in learning). I know you've clicked that sidebar link and thought "holy fucking shit, I'll come back to this..." So here is how it works:

  1. Buyer browses listings and chooses something they want on freemarket* app or freemarketlite (website, no login required)
  2. Buyer either initiates a purchase ORDER through the freemarket app/site or contacts vendor via email/bitmessage
  3. Seller confirms and sends buyer a Coinkite** multisig invitation
  4. Buyer accepts multisig invitation and funds it with the purchase amount
  5. Seller confirms funding and ships order
  6. Buyer receives order and finalizes

* Freemarket is a decentralized marketplace application that runs on top of the NXT cryptocurrency blockchain. * Freemarketlite is a passthrough website which allows you to view listings without using the application. ** Coinkite is a multisig bitcoin web-wallet which has a hidden onion site, they've been active for several years now.

In the event the buyer and the seller have a dispute they must come to resolution before the transaction can be completed with a 2/2 multisig. For this reason it is anticipated in the future we will slowly migrate to use 2/3 multisig transactions with a third party as a moderator. Moderators can also advertise their services via reddit/nxt/forums.

Markets and wallets are like church and state, you should never combine them.

So Who wants to give it a try? I really want to demonstrate how this works so I'm giving away an ounce of Blue Dream to test this method with me. Even better, instead of you paying me for it, I am going to be the one to fund it with $5; which the "buyer" can RECEIVE (for testing purposes). To get started head over to freemarketlite, click "consumables". From there it's pretty self explanatory! I'm sure I will have a few haters in response to this post, but please keep in mind I am proposing this idea for the betterment of the community.

Cheers,
NXTLEVEL

EDIT: I would like to point out I did not create NXT. It's an alt-currency similar to Dogecoin or Litecoin that has existed for several years now, you can find it on coinmarketcap.
EDIT2: For the past several weeks I have been successfully doing transactions with a small group of my customers with the outlined system on NXT and Coinkite and, as a vendor, I couldn't be fucking happier.


Comments


[15 Points] gramsadmin:

The real solution is coming soon


[8 Points] MLP_is_my_OPSEC:

We must comply with only Canadian Privacy and Information Disclosure laws.

On CoinKite's site, this is huge concern. Our privacy laws are already USA tier, and with the inevitable passing of bill C-51 ("anti-terrorism" bill) this will only get worse.

9. Restrictions. You shall not [...] (k) use any Product, Software, or Service in any illegal manner or illegal purpose, including without limitation any crime [...]

Another concern.


[6 Points] None:

[deleted]


[7 Points] holecloud:

EDIT2: For the past several weeks I have been successfully doing transactions with a small group of my customers with the outlined system on NXT and Coinkite and, as a vendor, I couldn't be fucking happier.

Then why the fuck did you delete you're first account here on reddit where you were running your mouth about the same bullshit, the same EXACT bullshit, and where are all these fucking happy customers.

YOU ARE A FUCKING NXT SCAMMER SHILL. Wasted my time and money with this dude. Fucking worst scammer in history.

THIS FUCKING GUY has now set up two reddit accounts with as close a name to his vendor name as possible so he doesn't have to pay another vendor bond to scam, and he thinks hes gonna hop on here like the fucking easter bunny and think no one notices. FUCK this guy.


[5 Points] cashilysh:

Why isnt OpenBazaar going to be the solution? Once its ready, it will be the safest marketplace ever.


[3 Points] greengiantxo:

Lol /u/holecloud is going to tear this post apart! How are you offering a free oz of blue dream when you never came through for the free ounces already offered?


[1 Points] MLP_is_my_OPSEC:

Send automatically encrypted messages [...]

No. Bad. Users should not be using any automated PGP method, including this.

Other than that, why should we trust this/you? Your name has been attached to a lot of FUD/drama around here.


[1 Points] None:

[deleted]


[1 Points] holecloud:

Ahhh NXTLEVELNUGS. Your are a fuck, this dude wasted my time with his NXT bullshit, his fucked BUDS system, and I never got a goddamn thing bud lies and a headache, and a fucking scammer, I can link all that shit NXTLEVEL, so just hget the fuck out, offering more free weed when you straight up lied like a BITCH. You sent it right? LOL Oh that's right, you did. Or you didn't. FUcking scammer, Still waiting on my oz you time wasting off market scamming fuck...........


[1 Points] dnmthrowawayyyyyfh3h:

This is something worth looking into. Thanks for sharing this.


[1 Points] None:

So that is your plan? To flame others while not supplying real information? That will be a tough mountain to climb. Especially when next is thought to be a scam by... Everyone? Ever Jeff garzik thinks next is a scam. Lack of distribution by the "shareholders" lol! You talk about Ponzi schemes... Nxt is the definition of one.


[1 Points] doofusdingle:

I'm not sure about this, but anything has to be better than Agora going down every other minute.


[1 Points] young_k:

lemme guess, you have hoards of NXT and your waiting for the price to skyrocket now :P yay for my cryptsy account being unlimited ...or higher limit then my mortgage at least rofl


[1 Points] ballsd33p42:

FreeMarket Lite now lets you fund your NXT wallet with BTC, using the ShapeShift.io API.


[0 Points] NXTLEVELNUGZ:

If anyone wants to experiment and play around on NXT, holler and I can give you some coin.


[0 Points] rationarian:

I don't think I fully understand. I googled it and freemarket seems to be a clearnet site. Maybe I'm just missing something but how does that work? They say they don't log any IPS or other private information, how can we trust that? Also when I'm trying to navigate the market app it says make sure NRS is running...


[0 Points] None:

[deleted]


[0 Points] holecloud:

https://www.reddit.com/r/DarkNetMarkets/comments/31c2jj/vendormarketinquiry_best_weed_on_agora_besides/

FUCKING SCAMMING CUNT


[0 Points] holecloud:

[deleted]address expand allcollapse all [–]from [deleted] sent 7 days ago Send me your encrypted address again, so I can send you the ounce. permalinkreportblock usermark unreadreply

SEE SOMETHING FISHY ABOUT NXTLEVEL???


[0 Points] holecloud:

[–]holecloud 1 point 1 day ago from LimitationalCreation sent 9 days ago I didn't get my concentrates from him since there were BUGS in my OZ. I haven't hears from him either. His Redwood Kush was like A- grade. Dispute it on agora? [–]from kr3wmonk3y sent 14 days ago How long you been waiting on that pack from NXTLEVEL? He's impossible to get a response from.


[0 Points] holecloud:

https://www.reddit.com/r/DarkNetMarkets/comments/30rjal/vendor_review_nxtlevelnugs/

here one of his satisfied customers, me, who got their fucking time wasted. Notice how at the time, he was going bu /u/nxtlevelnugs not /u/nxtlevelnugz, scammer fuck. See? Same dude, same fake ass promos, no happy customers, and he had my address for 4 days and lied about shipping it twice. LAZY VENDOR AND LAZY ASS SCAMMER. Also notice he deletes all his little insults and jabs after he posts, because, thats what punk fucks like him do. You haven't reached out to me "multiple times" you fucking liar, the only thing you told me last time you "Contacted me" by fucking saying

"no /u/holecloud, I refuse the right to serve children, and that means you."

thats was your fucking response to me, so yeah, that's really making it right. You fucked up, saying you were gonna send out some samples, and you didnt do what you said. You're Agora scor is 4/5 after like 4 deals and you have 1/5 and 3/5? Anyone around here longer than a day can spot all the bullshit.


[0 Points] holecloud:

[–][deleted] 0 points 6 days ago Well I guess you'll have to keep talking shit because I'm not stopping vending. Send me your address or I can't send. nxtlevel at lelantos dot org permalinksaveparentreportreply

Dude has the fucking nerve to tell me to stop talking shit, about some shit he said he sent, told ME, to shut the fuck up, after this supposed fucking king of bud with all theses listings riding NXT's dick like he gets paid to do it, can't even send a promo ounce to someone who was the first to try his shitty market bullshit.

There is fucking nothing simple or convienient about the NXT platform, especially when this dude is promo'ing it.


[0 Points] holecloud:

1 point 5 days ago Thisthisthisthisthis If I was OP, I would just let this one go and chalk it up to a learning experience. Nugs has more than enough ammo to make life difficult for OP I'm assuming. I'd be incredibly wary if the "vendor" decides to ship anything all of a sudden. Unhappy and complaining buyers have been set up before; it's far from unheard of. permalinksaveparentreportgive goldreply


[0 Points] holecloud:

VNDRRVWTHRWAWY 6 points 6 days ago Don't give him your address. Security risk at this point knowing he is scamming everyone. Also he might threaten you with it because you're talking shit. permalinksaveparentreportgive goldreply

[–]greengiantxo 2 points 6 days ago Agreed! Would be pointless. I don't think any of the reviews he has was even real. permalinksaveparentreportgive goldreply


[0 Points] holecloud:

See, all thsese people know you're full of shit, I don't nkow why the MODS still let you hang aroiund here and bullshit people you fucking punk bitch.


[0 Points] holecloud:

throwahooawayyfoe 4 points 6 days ago His evo profile states that he's the last weed vendor you'll ever need............ lol. probably because he's the last weed vendor you'll ever see before you get fitted for a new pair of steel bracelets.


[0 Points] blackflag909:

Bitcoin is a dead technology. It was a step in the right direction but it defiantly isn't the privacy solution we need. I've been looking into shadow and I think they're currency shadowcash offers the protection we need. Early versions are available on iTunes and Google play store. I encourage everybody to start to learn new decentralized markets and more private digital currency because that's where the future markets are shifting to.

Edit: HOW SHADOWCASH WORKS You buy bitcoins then you convert bitcoins to shadowcash. Now shadowcash is as traceable as bitcoin. Then using the system you convert shadowcash to shadow tokens. And the shadow tokens are 100% untraceable


[0 Points] sharpshooter789:

I think a forum style site like RAMP will be the future. As long as the admins choose a good forum script and minimize the number of plugins there will be less "moving" parts and thus a smaller attack surface. This will also prevent market admins from mass exit scamming1.

This "market" implementation will require users to FE, but if the market admins are proactive they will be able to minimize the damage. Keep in mind that many large seasoned vendors require FE. Also, escrow does not prevent scamming (vendors can send an empty box).

On the positive side, since its forum based users will be able to build a reputation. Accordingly, this reputation can be leveraged when leaving reviews thus making reviews more meaningful.

1 yes the admins could take over sellers accounts and redirect orders to wallets they own, but would require a lot more work and people would catch on quickly.


[-2 Points] throw_me_away_928734:

Another cryptocurrency? Really? It will be the next big thing for sure, and I should invest my money now, right? Man, this must be my lucky day!

Thanks for the info, but for now I will observe the whole thing from a safe distance. There is so much shady advertising going on in this sub since evo went down...