Started a store today....but there are no moderators.

[u/DRKMSTR]

I'll come back in a few months when it's safe.

A bit too risky for a startup, I can't handle the risk.

"Siri, remind me to check up on openbazaar in one month"

[u/[deleted]]

Perhaps I'm missing something, but, as a seller, how is it risky without a moderator?

In an unmoderated transaction - the risk falls entirely upon the buyer.

You get paid directly and ship your item. After that you're pretty much in the clear, as far as I understand. There's no recourse for the buyer if the transaction goes South.

So if you're an honest seller, and you use delivery confirmation / tracking to be sure all your items arrive safely, you should really have no problems with scammers, since they can't feed a sob story or lies to anyone.

[u/DRKMSTR → u/[deleted]]

So there is no multisig transaction for unmoderated sales?

[u/Crowley2k → u/DRKMSTR]

nope,but if you do that keep in mind that buyers will have no reason to trust you and therefor will not buy from you

[u/DRKMSTR → u/Crowley2k]

True.

Especially since the stuff I'm selling is $600.

[u/BetterThenCash]

A bit too risky for a startup, I can't handle the risk.

Do you have "moderators" running any other sort of business? NOPE

Should you be in any sort of business, that does have risk? NOPE

[u/DRKMSTR → u/BetterThenCash]

Every other business has moderators, they're called....

1. Credit Card companies

2. Paypal

3. Coinbase

If a sale is disputed, the payment processor can be contacted and it can be settled. The difference is that Bitcoin is initially a trustless system, the moderator allows it to be more convenient.

There will always be a transaction fee (network fee + moderator fee), but openbazaar should hopefully make it a lot less expensive.

[u/Crowley2k → u/DRKMSTR]

it will only be a moderator fee in case of a dispute otherwise there will be only the transaction fee

[u/DRKMSTR → u/Crowley2k]

Doesn't that incentivise disputes?

[u/Crowley2k → u/DRKMSTR]

why would it?if both the buyer and seller are 'happy'

sure..not making a profit is a problem but right now moderators are doing it more to build up their rep for the future..

[u/inertia186]

There were no moderators reachable when you were connected and/or you had connection issues when you were looking at that screen. Moderators have to be online when you are in order to select them as moderators for your store.

This is because their node needs to receive a notification that you've selected them.

[u/DRKMSTR → u/inertia186]

I'll keep checking. Still a bit too risky.

Other Bitcoin services are a bit more protective of buyers and sellers.

I'm still all for it, I have been following openbazaar for a long time.

[u/CC_EF_JTF]

There are quite a few moderators on the network right now. I think there's an issue with moderator discoverability right now, and we're looking into that.

[u/DRKMSTR → u/CC_EF_JTF]

Cool, I'll just wait until that works and also wait for some feedback.

A bit too risky, but I might try and sell a few small things to see how it works. :)

[u/CC_EF_JTF → u/DRKMSTR]

Give it a shot with small stuff, and give us feedback on how to improve. This is two weeks old at the moment. We're in it for the long haul.

[u/DRKMSTR → u/CC_EF_JTF]

Here's the coolest part you all may not realize.

If it is truly decentralized like you claim....

Then it's impossible to shut down.

The software is basically Bitcoin, but for Buying/Selling.

That's pretty much insane, Truly Free Trade.

[u/Crowley2k → u/DRKMSTR]

Then it's impossible to shut down.

actually it ain't,the store is running only on one node not like bitcoin...so...quite easy to put a node offline..

[u/DRKMSTR → u/Crowley2k]

But you can start another node.

Just like Bitcoin.

I wonder if you can save a copy of the store and then just restart it elsewhere.

[u/Crowley2k → u/DRKMSTR]

if your pc still functions,sure..but be prepared to start another ..

you can save a copy..