OpenBazaar, OB1, free P2P trade with bitcoin.
Bitcoin is enabling instant participation in low friction open world markets, something that regulations and endless taxation have completely failed to provide. Where bureaucrats line their pockets with graft and employ protectionism in the name of the citizen, but work for the highest lobby, developers are using open protocols and virtual currencies to route around the corruption and inefficiencies and connect consumers and producers directly.
Wow no transaction fees with almost no way to stop the sytem. Hope - true...that it doesnt start a black marrket. Should we be concerned about that? The video doesnt seem to think so.
Another name for the black market is the free market, something bitcoin was designed to empower. Statistically the dollar is one of the largest players on the so called black market, anyway.
I'd love to see how this profits the OpenBazaar developers. It sounds like a wonderful idea, almost too good to be true in some respects.