Questions & Clarifications

in dcommerce •  7 months ago  (edited)

Dear Steemians,

The dCommerce team would like to take an opportunity to share with you some details of a few questions we have seen the community express.

How can dCommerce help Steem if it is not completely open source and wholly run on the Steem Blockchain?

To start with, answering a question with a question at times causes a bit further reflection. So, does a platform have to be open source and fully running on the Steem Blockchain to benefit the Steem community? We believe the answer is no. We believe that signficant benefits to the Steem community can be realized from for-profit ventures that interface with the Steem Blockchain.

In doing so, dCommerce is directly addressing a massive shortage in not only STEEM but the cryptosphere: Use of Cryotocurrency in actual commerce is still at a scarcity level.For nearly all cryptos, even Bitcoin, exchanged based trading occupies the largest transaction type. For any currency, such state of minimal use in commerce is undesirable nor sustainable. This is why dCommerce's objective is to spark a rally towards the growth of for-profit entrepreneurs to provide communities with a wide portfolio of Crypto spend options.

Exactly what will be stored on the Steem Blockchain?
dCommerce is establishing an off-chain platform where buyers and sellers can post products for listing, advertise and transact to trigger a DCC token based reward. It is not an open source project but is designed to interface with the Steem Blockchain through SteemConnect for payments made in STEEM/SBD. Storage of Seller/Buyer reputation scores will be directly on STEEM.

Seller product listings will not be recorded on Steem blockchain. These will be held by a dedicated database off-chain. Instead, the Seller Reputation System (SRS) which is derived by seller rating, feedback score and number of items sold will be recorded onto the Steem blockchain using custom_json. The Global Blacklist API will also be actively utilized.

How exactly will dCommerce use the delegated SP Pre and Post Launch?
The objective of raising SP to"fund" the project is an incorrect and uninformed assessment. dCommerce will not be using delegated SP to self upvote for the purpose of generating funds for project use. Upvote of posts of team members will also NOT be made for this purpose. This has never been the team's intention. Pre-launch, upvotes will be given priority to anyone who posts positively regarding dCommerce. Then, remaining votes will be distributed to delegators. Largest upvote recepients will obviously be the largest delegators. To make it inverse or completely even distribution woud not be equitable. IF team members are also delegators, they too are also eligible for receiving upvotes. Why? This is only fair.

However, this upvote distribution process will only last for pre-launch. Post launch, ALL delegated SP will be dedicated to fulfilling upvote requests from incoming DCC token spends. Please recall that the DCC tokens can be spent for upvotes and delegated SP will be aimed only to fulfill spend requests. In the event upvotes do remain, these will be deployed in the same manner and hierarchy as pre-launch status.

dCommerce will NOT use upvotes to "pay" team members...period! We are proud to say that funding for dCommerce is external and will remain external to the SP upvotes.

For more information and Q&A, please contact us on Discord.

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Thanks @dcommerce for coming up so clearly and openly about your voting pattern. This was nowhere clear in my last association. Where it was like a scam with unsatisfactory reply.

Will love to see the buildup and how the coming days going to bring more clarity on the objectives with fresh business model..... Hopefully my new association may prove more fruitful.....

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A new 2019 to usher in success and communal growth!!

Yes vision so clear and focussed is what people wants to see in the coming new year. Monetizing shopping at best👍
A new year A new begining.

Hopefully there is no rush for delegation round. I have undelegated from my last association and waiting for my SP.

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Could you post this in Korean language?

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Yes, it'll be out soon in Korean.

Thank you in advance.

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dCommerce will NOT use upvotes to "pay" team members...period! We are proud to say that funding for dCommerce is external and will remain external to the SP upvotes.

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To us this is the way to be good stewards of delegations!!

Goooooooooooooooooood ! ♥

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so in my almost nonexistent knowledge of programing dcommerce will use steem only for payment with steem and a small database that can be moved whenever? or did i miss something in my almost nonexistent knowledge?

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Steemconnect will be used to process STEEM and SBD payments. Buyer/Seller scores will be stored on Steem Blockchain using custom_json.

The product listings will stored on an offline database. When dCommerce becomes successful, we project not thousands but potentially millions of products will be listed.

Interesting. This is the first time I have seen dcommerce so wondering if you have a plugin already for WordPress? I have a website with a shop on it and looking to make use of selling my music using woocommerce and cryptocurrency. Is it just steem you are working on integrating as a payment currency or looking for other cryptocurrency too?

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Good question. Yes, we will fully enable API interfacing with merchants. This way, merchants like you can cross list products.

dCommerce will also accept Visa and PayPal. However, the Steem/SBD acceptance enables a real channel spend.

Мы все поняли.

Поздравляем с наступающим Новым Годом!!!

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You received more than 250 upvotes. Your next target is to reach 500 upvotes.

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@dcommerce purchased a 87.39% vote from @promobot on this post.

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Congratulations @dcommerce!
Your post was mentioned in the Steem Hit Parade in the following category:

  • Pending payout - Ranked 3 with $ 191,02

Did I get it wrong or you want to use a dedicated stake (with delegations) to sell upvotes in fiat and other cryptocurrencies?

I just saw your last post about it and I have my answer (if not please clarify it to me). I wish to see you guys removing totally this idea. You will never help steem with that way and you know it. Using steem for the freeless transactions and having limited upvotes for reviews can be interesting but using it to sell upvotes in that way is just the last thing that someone can do to ruin this ecosystem. I don't imagine if we would do that with fundition donations and use the upvotes instead of sending liquid steem... While saying I put value to steem block chain lol.

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You made more than 10 upvotes. Your next target is to reach 50 upvotes.

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To support your work, I also upvoted your post!

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5000 SP delegated !!

Go for it !!!

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You made more than 50 upvotes. Your next target is to reach 100 upvotes.

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You made more than 100 upvotes. Your next target is to reach 200 upvotes.

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You made more than 200 upvotes. Your next target is to reach 300 upvotes.

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You made more than 300 upvotes. Your next target is to reach 400 upvotes.

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This post has been included in today's SOS Daily News - a digest of all you need to know about the State of Steem.



I'm rooting for you. I rented 500SP to you. :)