BitBay is the decentralized exchange that will replace paypal. Since its decentralized, the devs can't prevent you from selling anything on it, and meanwhile the double escrow system already allows for trustless transactions.
This post is less for traders who want to make a quick buck, and more for those anons who want to start selling there one shit on there. You can sell literally anything, and unlike Craigslist it has escrow.
Be aware that the client doesn't work to well on mac or linux, but windows is currently working fine.
WHY ARE YOU SHILLING NOW?! THE PRICE DROPPED FROM 1700 TO 680 IF ONLY YOU ADVERTISED IT MORE ON HERE! I LOST OVER $600 DOLLARS HOLDING THIS DAMN COIN AGHHHHHHHHHHHHHH
Parker Lee
Scamcoin. Go buy something good like neo instead
Daniel Long
Made a nice profit from 900 to 1500. Sold it all. It's literally the least interesting exchange in the works.
Jaxon Reed
Should have HODL, new features coming out frequently. Also this is not a shill op, we're trying to recruit more vendors to the platform. Veeky Forums has been taken over by cryptofags but theres still a few of the good old Veeky Forums here who might be interested.
Did you even read the post? This isn't about making a quick buck, this is a way for people to sell their shit for crypto and cash anonomously with escrow.
To be fair though, price will probably go up as vendors join.
Wyatt Fisher
>in the works BitBay is already out, functional, and actively used. >least interesting Did you check out the link? BitBay already have more features out than any other decentralized anonymous exchange.
why would you need a anonymous exchange if they dont even allow the basic goods to be sold
Luke Jenkins
/thread
Jace Campbell
The devs don't control what people put on the platform, its fully p2p. Of course they are not going to support or endorse illegal activity. It's like torrenting; the torrenting software is not controlled by the devs, and people use it for both legal and illegal activities.
>why anonymous exchange for non-illicit goods Right now, small merchants are stuck with using PayPal or something similar to process their transactions. PayPal has a lot of problems and high fees. With BitBay, you can do the same kinds of things you do on PayPal, except without the fees or anyone censoring you. There are a lot of merchants who have been cut out of PayPal and CC companies because they sell things that aren't illicit but are offensive.
Carter Hill
>The devs don't control what people sell >Only they can't sell anything illegal
Okay
Wyatt Davis
I don't think your reading comprehension is up to par
Thomas Taylor
God damnit not this fucking shill. No one cares. I already lost $500 on this shit.
There is only one 'default' marketplace called >BitBayBob's market< then you probably run the risk of it not being so private as anyone else who creates >Bob's market< will also be on that market and can post items on it. Yet if you create a market called >Kskg89f6wDKGU7s9hjs&DKBF78sgjn< the odds are that no one else will know that market exists unless you tell them it exists. We want this protocol to provide a way for ecommerce to function in a trustless environment on a global scale. Therefore, we want to keep it clean of illegal activity, yet at the same time we can't moderate what we can't see. We can program this design to anything we desire (majority consensus of course). In the future we could easily set up public markets that are specific to geographics. For example, if there is a country where drugs can be sold legally, then we could create a market eccentric to that country and moderated by the merchants from that market (they could be voted into power by the voting consensus feature built into the Client). So merchants from a specific country could create a market called "BitBay Netherlands" These merchants could sell whatever is legal in the Netherlands to clientele in the Netherlands. It would be up to them to take the risk if they transact with clientele outside of the country that could potentially be illegal elsewhere. The private markets are decentralized and cannot be moderated if we can’t see them. The public markets like >BitBay< are decentralized for legal commerce and moderated for illegal activity. Moderators can be voted into power by a decentralized voting consensus.
William Mitchell
You really think a word of mouth private market is going to be profitable? This might work with small groups/individuals, but I doubt this could work on a larger scale because the mods would be alerted about its presence.
Oliver James
Buy high sell low right?!
Carson Sanders
You're not understanding the point at all...
If you want the main market, you're in it by default(BitBay market), if you want to sell illegal shit, then you can make some darknet site and give out the name of your exchange (which would basically be a password) to whoever you want to be part of it.
If you don't see the value in a decentralized market that's cheaper to use than paypal, then that's your fault.
Matthew Bennett
Bay is utter shit. Safex is going to be the winning decentralised market place in the end. Hint hint for anyone wanting to make some big money by mid next year.
Lucas Foster
Please explain why. What's special about Safex, and does it have any product to show yet?
Tyler Wood
SOMEONE ANYONE MY LAMBOOO I CANT SEE MY LAMBO
Luis Cox
Safex is more like holding shares in the company and you receive dividends off the fees collected for each sale. Bay could have its place sure, but in terms of making money there isn't too much more room to grow in my eyes unless they get some serious funding for advertising.
Right now you can buy a pretty big chunk of Safex right now for practically nothing. If you buy $100 or so now and the wallet gets released this weekend which it should be. You could be sitting on a hell of a lot of money in the near future with dividends as an incentive to hold. Worth the risk more so in my eyes.
With that being said I'm holding 50k bay just in case. Have a look at the market cap and supply for both coins and make up your own mind. The development is coming along much faster than bay and the followers are growing daily.
Dominic Anderson
"This thing that doesn't exist yet and is years behind? It's going to be way better!!!!"
Crypto logic at its finest. No doubt that MAYBE you will make money, but that's not what I'm about. I stick to pragmatic picks desu
Samuel Sullivan
I like the idea of double escrow but without a mobile wallet it isn't practical to do in person deals. Fix that and I'm sold.
Gabriel Morales
sys will leave bitbay in its dust
Robert Nelson
>sys >market scheduled for release Yup, just another exchange that doesn't exist and isn't used. BitBay is going to make me a fee million once it moons.
Carter Brooks
This is the definitive list of decentralized marketplaces
1.) BAY (just for working right now, not saying it isn't ugly as fuck) 2.) SYS (for being normie friendly) 3.) Particl (for appearing professional) 4.) SafeX (come on guys, let's be serious.)
This order may change in the future but that's how i see it right now.
