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Views on OpenBazaar?

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They say it won't support illegal activities like silk road but they already admitted they won't have any control over any listings
 

When you say that people will use this for whatever they choose, well, why wouldn’t they choose illegal activity?
 
It would be disingenuous to say I do not think it will be used for that. But it’s like me selling up a web page with guns for sale and then saying, ‘Look, the Internet is a horrible thing.’ If law enforcement wants to step in and shut that down, they would have to go to that person’s web site and handle it with them. Same model here: The market is free, so I can decide to sell guns, which is a really dumb idea, but I can do that, and there’s really no mechanism for someone to shut it down. You’d have to go to their hosting provider or ISP or their house and shut down their server. There’s no eBay to call and get their listing.
 
It is probably going to become a problem, yes. I think people will try to do those things. And we acknowledge that. But the difference between us and Silk Road is that Silk Road was clearly catering to an audience that primarily focused on that.

http://fortune.com/2015/06/25/openbazaar-not-silk-road/


The real question is, will it be safe privacy wise? Is that why they are saying it would be a bad idea to sell guns for example? If so then it would be an undefeatable Silk Road 2.0 and also an ebay killer, especially with the cool reputation system using 'proof of burn' to put money to your name like a kind of deposit.

 

What are your views? Another good read here: http://fee.org/freeman/detail/who-is-building-the-private-peer-to-peer-marketplace

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I don't really thing that kind of development will scale in the future just because no government in the world would like some technology that is able to skip taxes, this is the real  problem  with this kind of initiative.

We need to wait some months/years until a proper legal framework is established to see if this (and hard anonymity) will have government bless (i doubt it).

If it has, we will implement a similar solution for sure

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I don't really thing that kind of development will scale in the future just because no government in the world would like some technology that is able to skip taxes, this is the real  problem  with this kind of initiative.

We need to wait some months/years until a proper legal framework is established to see if this (and hard anonymity) will have government bless (i doubt it).

If it has, we will implement a similar solution for sure

Do you think it will be able to be stopped? it's supposed to be decentralised, I mean you're right I think it will be banned as part of the drug and tax war but I'm not certain privacy is going to be OTT enough.

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They won't ban the technology itself, they will ban  companies to use it as means of payment. In the same way USA did with online poker, they didn't ban players nor online poker sites, they banned financial institutions to deposit money in this kind of company, the result was the same, many USA players couldn't easily play poker online with real money.

This is not as far fetched as it seems, for example companies can't accept diamonds as means of payment, conceptually the same legal framework could be applied to crypto, so there is legal precedent in this kind of situation.

The same in Europe.

And as I said, a technology that may be used to avoid taxes will be stopped cold, no matter if the technology itself has merits on its own.

That's the reason we really want a legal framework to regulate crypto, we will always be in the good side of the law.

 

Remember guys, Worldcoin is not a freedom or privacy  "martyr coin",  we want companies to use our technology  in a complete legal and transparent way, so no Government will be able to stop it's inclusion. We won't sacrifice investors money for a cause nor for principle.

 

Having said that if Governments allow explicitly this kind of technology (highly unlikely in my opinion), we will adopt it for sure in the future.

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