this post was submitted on 27 Jun 2023
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Technology
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Another notch in the portfolio of "public companies" being made worse due to shareholder supremacy. Public companies aren't even really public anymore given the advent of a million tools to limit the role the public has in governance.
I wonder if it would be possible to develop a federated model for sales. You'd like still need a platform like shopify between the consumer and the manufacturer, but the point of Etsy wasn't just the commerce side, it was also the discoverability and searching side. I wonder if a federated approach to searching for products utilizing independent websites or marketplaces, but with a unified search and sales platform would even make sense as a means to offer a decentralized marketplace. On some level that'd be just a digital swap meet/flea market, but with less oversight and commerce protection of a centralized platform like Etsy or Ebay.
Omg please can this be a thing! However if there is money, bots will come.
Such things already exist. They have two main problems, though. Firstly they're still very new and complicated to interact with, so there's not a lot of buyers and sellers yet. And secondly, they rely on cryptocurrencies and so have an enormous stigma associated with them. The technology is sound, though.
Thanks for the link, i learned from that. It looks like OpenBazaar closed its door/servers when the investment money dried up.