HUGE FOR $XMR
@LukeProfitsX THE GOAT JUST COOKED HARD AND MADE A SUCCESSOR TO EBAY AND A BETTER XMRbazaar
DECENTRALIZATION IS VITAL, BAZAAR CAN BE SHUT DOWN, THIS CANT
github.com/lukeprofits/Opโฆ
Reminds me way too much of OpenBazaar.
Decentralized in theory, dependent on company ops. Low adaptation regardless and failed. UX sucked too.
Hardly any different just because it will run on nostr relays and IPFS - that's still centralized on both counts with extra steps.
You're easily impressed, Mav. A serious marketplace, dark net or clear net, requires administration and management. It's not impossible to decentralize that, but hard af without the right tech.
This isn't it.
When ANNE's GhostNet is ready, and if Doug is willing, we can help decentralize XMRBaazar as-is, including administration and management in a heartbeat.
Even then, it will suffer the same challenge. Who will actually care to run their own instance locally when they can go to the host itself? Other incentives are needed.
Because it's built on lies of a proven forger and fraud, and I don't mean just the Satoshi impersonation. I mean the whole megalomaniac & crony concept of it.
The unlimited block size would not be a problem in itself, but it's pompous marketing. It's the no-cap on tx size that is.
No limits on how much data, and which type, you can put in a tx or a block resulted in a few corps stuffing large unstructured files and non-reusable arbitrary data straight onto what should be purely peer-to-peer "cash" chain.
What is it now, over 12 TB? It means an average Joe or a small to medium-sized business cannot run their own full node. The specs and costs are too high. So they would have to use centralized services run by large corps instead.
While yes, a scale requires unlimited block size, adoption doesn't happen overnight. It's a decades-long process that should go hand in hand with consumer-end hardware development. It's what Monero and BCH devs do, and they do it right. Instead, Cal & co gamed out everyone at the early stages.
The files and data on-chain serve no good purpose. It's not like you have a node at home and can browse a directory of pretty cat pics. Even if you could, you'd still need a service with an off-chain copy of the cat pics from a web server or fileserver - not from the node.
Then the network is an easy target. The miners are few and always will be given the specs. Several 51% reorg attacks with double-spends have already happened. The protocol has a backdoor allowing for freezing coins, akin to banks freezing accounts. Muh original p2p cash, it's centralized gov boot licking garbage chain.
What's there not to like?
@cripto_dev@ricardoXMR@XMRVoid@LukeProfitsX@BSVBlockchain Only when both Alice and Bob run their own nodes, then they could be called peers in the true sense. Otherwise they users of a service. Alice's wallet -> Alice's node/peer -> Bob's node/peer -> Bobs's wallet.
What told you that and who do you parrot?
Do you mean coins should be mined by a few?
Or do you mean that the nodes should be handful, servicing the rest of us?
No offense, but if you don't understand the basic security and systemic implications of that arrangement, do me a favor and spare me your questions and comments on this particular topic, I can't elucidate.