aljaz on Nostr: mleku its not really true that blockchain analytics doesn't work, specially since a ...

mleku (nprofile…ueh9) its not really true that blockchain analytics doesn't work, specially since a lot of markets get hacked/seized at some point then everything gets untangled

i've spent a decent amount of time studying past market implementations and they all fundamentally get fucked because of one thing - the marketplaces can charge money. because that means its sufficiently centralized so that a failure point exists. with nostr you could work around that and have imperfect view of the world (market offers) at any given time but have a much bigger redundancy . obviously it brings all the chaos with it because you lose some of the tools that centralization gives you, but you could mitigate some of that with reputation and escrow services. Which is generally the way for the founders of the marketplace to initially make money, they will be the first to offer services in the marketplace so they will have some time to bring in more revenues before competition appears

lightning is not very popular with merchants from what i've seen (even non darknet but somewhat shady we accept bitcoin only places) because the need of running a server and generally bad receiver privacy (no need to turn this into a discussion of trampoline routing and blinded paths)

as a side note I think the more important part of private markets is that they exist, the preferred payment method is far less relevant than everything else about the market structure and services. providers of services and goods can decide what payment method they prefer and if there is enough demand for it then good for them. I'm sure if there was a long line of clients banging on their doors that they will only buy things for bitcoin they choice of payment wouldn't be a problem.