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You should really watch this talk by Ben Horowitz [1]. The takeaway here is that they look to explore "good ideas that look like bad ideas," and he goes on to t
by sheraz 11y ago
You should really watch this talk by Ben Horowitz [1]. The takeaway here is that they look to explore "good ideas that look like bad ideas," and he goes on to talk about Air BnB and some other companies.
I bet this is one of those types of investments -- it is actually a good idea but looks like a bad idea right now (by conventional wisdom).
[1] - http://a16z.com/2014/11/12/how-can-large-companies-innovate/ http://a16z.com/2014/11/12/how-can-large-companies-innovate/
- anon4this1 11y agoIf openbazaar succeeds in creating a robust decentralised platform for trade, the portion of black market transactions done in bitcoin will grow significantly, and anyone holding bitcoin (eg. a16z) will get big returns.
- GordonS 11y agoThe black market is already well established on Tor, so I'm not sure if OpenBazaar will result in growth in such markets, or just a shifting of some existing business from Tor to OpenBazaar.
- anon4this1 11y agoIt is well established, but plagued by issues relating to centralisation - exit scammers, law enforcement infiltrating markets, people stealing bitcoins. Each time this happens, growth is damped as buyers and sellers shuffle over to new operators. OpenBazaar would revolutionize this.