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cryptocurrency is clearly the wrong solution to this problem

Why is it the "wrong" solution to making a decentralized marketplace? What's the "right" solution?



I've spoken about that in other branches of this thread. This tree is getting too deep, just read my other comments.


Can you indicate which comment you're referring to?


The one where he says "Let MasterCard/VISA/US Gov control the digital economy."


Let MasterCard/VISA/US Gov control the digital economy.

And how is this a decentralized marketplace?


what exactly are you trying to buy where any of those parties would care? I personally don’t care for another silk road. Anything else I buy I’m completely fine with any of those companies and my gov knowing


A Wikileaks tshirt...?

Why take the risk, when we can handle it ourselves?


disregarding contraband, lots of people distrust the non-transparent bidding system on centralised platforms


Something that the local people are actually using.


Can you be more specific? Are you referring to cash?


Exactly. Or credit/debit cards.


How do you propose cash transactions be carried out over the internet?

How do credit/debit cards satisfy the proposition of a decentralized marketplace?


"How do credit/debit cards satisfy the proposition of a decentralized marketplace?"

They're something that most people are actually using, allowing the marketplace to actually conduct commerce and exist.


Does a cryptocurrency-based market not conduct commerce and exist right now?

And again, how do credit/debit cards—which are centralized systems—satisfy the proposition of a decentralized market?


Not for most people, no.

"And again, how do credit/debit cards—which are centralized systems—satisfy the proposition of a decentralized market?"

They allow the market to actually exist, by using something that the people are actually using.


They allow the market to actually exist

But a decentralized market does exist with cryptocurrencies.

And credit/debit cards aren’t decentralized.


"And credit/debit cards aren’t decentralized."

Doesn't matter. That's what the majority of people are using; so if you want the marketplace to actually be able to serve people, and get them to actually buy stuff, you need to support them.


What the majority of people are currently using is irrelevant. The whole topic of this thread is creating decentralized markets, and you're saying the fact that these payment processors are centralized doesn't matter. That doesn't make any sense.


It sounds like a good compromise would be to allow people to check out with a credit card/paypal and have an instant conversion to BTC behind the scenes, maybe with a 2% fee or something.


"What the majority of people are currently using is irrelevant. "

Not if you actually want your marketplace to be able to, you know, sell stuff to people.


I see you conveniently ignored the rest of my comment.


Perhaps the idea of a decentralized marketplace is a bad idea? What benefit does this actually give me in my everyday life where I don’t need to buy toilet paper anonymously?


Perhaps the idea of a decentralized marketplace is a bad idea?

Clearly not for the people using it right now.

What benefit does this actually give me in my everyday life where I don’t need to buy toilet paper anonymously?

Are you asking why someone would want to transact anonymously?


For most things, most people don't care.


Craigslist does fine [grasping for a number] 95% of the time.


they just don't




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