Around the turn of the century, Amazon, eBay and other online marketplaces provided revolutionary new venues for small-business entrepreneurship, but they have since grown into heavy-handed corporate behemoths that treat sellers like share croppers while exerting an ever-expanding influence over government and the economy. In the future, online marketplaces will be publicly shared via distributed p2p networks. There will be no fees, no trade restrictions, no corporate overlords running the show. The concept is gaining traction; the technology is already here.
One promising effort in this direction is OpenBazaar. They hope to offer a full release in 2014, and are currently seeking beta testers:
OpenBazaar is an open source project to create a decentralized network for peer to peer commerce online—using Bitcoin—that has no fees and cannot be censored. Put simply, it’s the baby of eBay and BitTorrent.
Right now, online commerce means using centralized services.… Read the rest