Open Bazaar 2.0 - to good to be true?!
So here's a summary of Open Bazaar 2.0 :
##What is OpenBazaar?
OpenBazaar is a different way to do online commerce. It’s a peer to peer application that doesn’t require middlemen, which means no fees & no restrictions.
##How does OpenBazaar work?
OpenBazaar connects people directly via a peer to peer network. Data is distributed across the network instead of storing it in a central database.
##How are there no fees and restrictions?
OpenBazaar isn’t a company nor an organization; it’s free open source software. It was built to provide everyone with the ability to buy and sell freely✌️
##Who controls the OpenBazaar network?
Nobody has control over OpenBazaar. Each user contributes to the network equally and is in control of their own store and private data
##Is Bitcoin the only supported payment method?
Pay with 50+ cryptocurrencies on OpenBazaar: Bitcoin, Ethereum, Litecoin, Zcash, Dash, etc. Seller receives payment in Bitcoin
So, with all that in mind, the one thing I keep asking myself, surely too good to be true? Here are the advantages I see in it, and why I think this could become the leading darknet market.
Pros:
- Decentralised (no more DDoS attacks from LE)
- Connected through TOR (same level of security as used when accessing other markets)
- Moderated Sales (the idea other users can police disputes for a %age is genius - careful who you pick though!)
- Easy to use store (probs. the best UI out of all markets I have tried)
- OpenSource (although not fool-proof, I haven't seen any evidence of any reasons why we shouldn't trust)
Thoughts?