this post was submitted on 09 Jan 2024
84 points (90.4% liked)
Asklemmy
43899 readers
1064 users here now
A loosely moderated place to ask open-ended questions
If your post meets the following criteria, it's welcome here!
- Open-ended question
- Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
- Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
- Not ad nauseam inducing: please make sure it is a question that would be new to most members
- An actual topic of discussion
Looking for support?
Looking for a community?
- Lemmyverse: community search
- sub.rehab: maps old subreddits to fediverse options, marks official as such
- [email protected]: a community for finding communities
~Icon~ ~by~ ~@Double_[email protected]~
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
A federated marketplace could be interesting but there are some fundamental issues that would need to be addressed.
If the vendor and vendee are on different instances how will payment be securely transmitted? What if there is a dispute, which instance Admin would have final say? Will the instance operator get a cut, if so how does that work? What's stopping my competition from opening an instance to check my stock level? What if I want to buy multiple items that are on different instances, do I have to check out on each instance?
If you can iron out the kinks this idea could make a lot of sense as a DNM as there wouldn't be a centralized server to shut down and being FOSS would allow for auditing of the marketplace which just isn't possible currently.
That kind of scenario is exactly what cryptocurrencies were originally designed for. Too bad that didn’t work out and now they are mostly used by scammers.
Crypto would not solve this problem (or any problem, really) better than a simple database would.
Isn't crypto just a ledger database?
It is a very inefficient database that in return has a potentially unlimited distribution. Importantly however, unlike normal distributed databases it does not gain any performance benefit from its distribution, only redundancy. There are implementations for "normal" databases of course that also only focus on redundancy, but in that case the database itself is already orders of magnitude faster than any distributed ledger like crypto currencies are.
Since such a system would ultimately need a single or a finite number of known access points anyways (API access for the vendor software systems) any benefit from being freely distributable is immediately lost. Likewise, the fact that the data is "shared ownership" has no meaning in the actual world as legally such a concept is not recognized, and we'd just be looking at companies willingly openly sharing their data, which they could already do by simply providing public interfaces.
In other words, just having a regular database is - as always - far more efficient and suffers 0 downsides in the particular use case. And it's incredibly difficult to find any use case for crypto ledgers that have any benefits at all, nevermind actually meaningful ones.