"Bitcoin is like Amazon while Ethereum is analogous to eBay". Both were founded in 1995 but ultimately, Amazon's conservative demeanor out-paced eBay's flexible approach. The same is true of bitcoin, according to Adamant capital analyst.
"Bitcoin is like Amazon while Ethereum is analogous to eBay". Both were founded in 1995 but ultimately, Amazon's conservative demeanor out-paced eBay's flexible approach. The same is true of bitcoin, according to Adamant capital analyst. (x-post from /r/Bitcoin)
Why isn't there yet a good marketplace like Amazon/Ebay using exclusively Bitcoin for people to sell new and used merchandise worldwide?
I've been searching for marketplaces like this for a while now, and I can't find any serious business having done it yet and it just seems obvious to me that it would be a good service to develop. What are the impediments to have a real worldwide marketplace like this?
If manufacturers who sell to the public put bitcoin QR codes on their labels, customers could just reorder off the label. This would save the commission paid to sites like Amazon, eBay, and online shopping carts.
How can bitcoin be used in places like Ebay/Amazon?
I was thinking about a system that the mass could adopt to start using Bitcoin in a secure way. For example, if we would want to sell and something on Ebay/Amazon, how would sending and receiving bitcoin work? How would someone trust that the seller or the buyer are legit? How could we implement a more secure way so that less people would be scammed of their money. Let's say for example Sally wants to sell her cellphone for 0.1BTC+transaction fee on Ebay. Bob agrees to buy the cellphone for 0.1 BTC+transaction fee. Bob sends his 0.1BTC+fee to a wallet address provided at checkout and will wait for the cellphone to arrive, for which when he scans the QBar code provided by the package delivery, the tracking code will certify the package delivered, and the BTC will be released into Sally's bitcoin wallet. If the cellphone never arrives, then the bitcoin is returned to Bob's wallet (after user authentication). The problem with the above method is that Sally won't get her money until the package arrives. So maybe another option would be the following. Places like Ebay/Amazon can create their own online wallets of some sort to track the sellebuyer transactions. So when Bob sends his bitcoin, Ebay temporarily holds the bitcoin until Sally ships and sends the tracking information to Bob. What's the best way Ebay/Amazon can adopt bitcoin?
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