>So if I understand correctly, OpenBazaar will be shifting costs from a central verification and fulfillment agency (Amazon, Visa, etc.) onto the buyers, seller

>So if I understand correctly, OpenBazaar will be shifting costs from a central verification and fulfillment agency (Amazon, Visa, etc.) onto the buyers, sellers, and moderators of the market? Yes. I try to explain this a bit more here: https://www.reddit.com/r/Bitcoin/comments/3zv6sc/sneak_peek_at_bitcoins_upcoming_killer_app_open/cype35n https://www.reddit.com/r/Bitcoin/comments/3zv6sc/sneak_peek_... > Where is this cost made up for the buyers - will they see lower prices? Wouldn't it be more expensive as moderators need to be compensated for their services? Yes, we expect lower prices would be the main draw for buyers. The price shouldn't be made up with moderation since moderators are only paid for services rendered - if there's no dispute then they aren't even aware of the transaction happening. >How can there be a consensus on a moderator if one party is always happy and one is always unhappy? Won't the consensus always be 50/50? What Dr. Sanchez is trying to get at is the fact that text reviews from other parties (and explanations from the mod) will be publicly viewable. That would allow a prospect to review them and see which side they think is more legitimate. We recognize that decentralized reputation systems are basically the holy grail of p2p systems and we don't even pretend to be solving the problem, only giving users some information to make a more informed decision. I expect that many moderators will choose to publicly identify themselves and use their IRL reputation as well. >Last question: How will the leadership/dev of OpenBazaar be structured in the future? Will you guys develop something similar to the Linux Foundation under a non-profit charter? Will the foundation enact a transaction fee to fund itself? No transaction fees. It's open source, so even if we wanted to do this it would likely fail because people could always fork it and remove the fee. Right now many of the core devs are a part of a company called OB1 (I'm a co-founder). We received $1 million from Union Square Ventures and Andreessen Horowitz in order to lead development of the platform, push for network adoption, and then offer services to users on the network.