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A decentralized marketplace could avoid the problems with near-monopolies like Amazon because the cost overhead on transactions could be made minimal. The probl
by SubiculumCode 9y ago
A decentralized marketplace could avoid the problems with near-monopolies like Amazon because the cost overhead on transactions could be made minimal. The problem is that in order to not become the black market like OpenBazaar, the decentralized market would need to be able to comply with local and regional laws and regulation; laws and regulations which change over time. That is a tall order, and in not easily reconcilable with decentralization.
- zeptomu 9y agoHow does a decentralized marketplace make transaction fees minimal? Currently transaction fees are the hot topic and seem exorbitantly high. I guess both customers and merchants want to buy or sell stuff and not read about things like the lightning network.
- SubiculumCode 9y agoYou could be right, but I was mostly referring to the Amazon take.