The Miami conference had a lot of wonderful participants, but I got a bit more familiar with a project I had heard about for a while.  Washington Sanchez gave me some insight into what the difference is between and Open Bazaar.  Wondering what the evolution of free markets online using cryptocurrency looks like?  How does it stack up to the old #SilkRoad? The decentralized nature seems to be the key component that makes this viable, but perhaps you have something you notice after listening that you want to share?  Leave a comment below. Have you used Open Bazaar?  What about Haven?

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About the Guests:

OpenBazaar is an open source project headed up by the company OB1.

OpenBazaar is the world’s first and only fully decentralized marketplace, which means it connects people directly and securely to each other via a peer-to-peer network rather than through a centralized website like online marketplace giants Alibaba, Amazon, or eBay.

OpenBazaar users can expect the most secure, most private, and most liberating experience of any ecommerce marketplace because it gives users complete control of their data and their business. There’s no big company behind the scenes that can act as a gatekeeper, collect data, or restrict transactions for anyone. And as a natural result of this, users don’t pay any fees to use OpenBazaar, ever, and there are no terms and conditions to sign.

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Meet the hosts

Hey! My name is Tatiana Moroz. I am a passionate singer-songwriter heavily involved in the Libertarian and Bitcoin movement. I have created the first ever artist cryptocurrency Tatiana Coin and also founded an activist talent agency called Same Side Entertainment. I recently launched Crypto Media Hub which is an advertising network for the Bitcoin world and beyond. It's free for advertisers and we work with almost every major media outlet in the space including Bitcoin Magazine, YBitcoin, Bitcoinist, Brave New Coin, Let's Talk Bitcoin, Coin Telegraph and many more.


  • It appears to me that one of the biggest drawbacks to the current model of cryptocurrencies is the lack of reversibility in transactions. Historically, third parties such as banks have enabled transactions to be reversed, such as refunds or guaranteeing purchases. I think that if cryptocurrencies want to avoid third parties as much as possible, they should adopt a method for reversing transactions for the purpose of dispute resolution. Thoughts?

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  • As of writing this article Bitcoin was trading at $10.677.1 United States dollars (USD) and was going and upward and positive growth of 2.71 percent. The market cap of the coin was $190.40 billion United States dollars (USD) and the market supply of the coin was 17.83 million. Bitcoin (BTC) has shown massive improvement and the reason behind this is the launch of Bakkt. Here is what the Bakkt announced in its official blog: “Our contracts have already received the green light from the CFTC through the self-certification process and user acceptance testing has begun. With approval by the New York State Department of Financial Services to create Bakkt Trust Company, a qualified custodian, the Bakkt Warehouse will custody bitcoin for physically delivered futures.” Bakkt’s launch was pending since the beginning of 2019 because of a glitch it was facing by the United States Commodity Futures Trading Commission [CFTC] which was reluctant in giving Bakkt a free go. Now that the green signal is received Bakkt is all set to launch on September 23rd. The largest digital currency Bitcoin (BTC) has got a massive boost because of the digital currency and it will help the coin in the further mass adoption, usage and application. Companies are always reluctant in using digital currencies as a way of payment and transfer because they are concerned with the security issues involved in digital currencies. Now since Bakkt has adopted Bitcoin the coin is going to get a sense of security and trust that is much needed for it as well as other digital currencies in the crypto market. The crypto community is quite thrilled after the announcement. The crypto world needs acceptance and it has got a much needed slight push.

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  • International revenue service which is located in the united states has started sending certain warning letters to the owners of crypto-currency. The subject matter of such letters demand the cleaning of the debts from the insolvent owners and pay the fine if let any. It was discovered that in a news bulletin, the IRS has made confessions regarding the sending of letters which they call “educational letters”. To be in accordance with this statement, there are three variations in this letter. They have also said that such letters have been sent to over thousands of taxpayers and they will have such letters sent to many more by the end of this month, hoping that the taxpayers would be taking the letters seriously else would have to suffer severe penalties. To quote IRS Commissioner, “The IRS is expanding our efforts involving virtual currency, including increased use of data analytics. We are focused on enforcing the law and helping taxpayers fully understand and meet their obligations.” It has been unearthed by IRS that there are many who own crypto-currencies and are involved in businesses but skive paying the tax on time. They have now decided to act upon this seriously and etch out all the payments that are yet to be done by the crypto owners. They have formulated some strict guidance they say so that all the payments are done on time from the next time, avoiding problems and confusions later. Anyone failing to adhere to such guidelines would be penalized immediately. It has been making the same efforts since the year 2014. Their clients are of the opinion that they fail to update the list of guidelines. However, this time, they have done it, unfailingly. A writer of the popular magazine Forbes named Lawyer Tyson Cross has also written about such guidelines of IRS in Forbes, at length. There are many other clients who have reported of the same reception of such letters.

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  • In a world of total surveillance, a platform that offers total privacy, security no censorship is a dream. This dream may just come true aided by Utopia – a feature-rich ecosystem platform. The group of networking technology enthusiasts behind Utopia (who call themselves ‘a 1984 Group’ and are keeping their identities hidden) worked hard to develop a product that can bypass online censorship and firewalls. This software is operative now and in beta mode. It took the group more than 5 years to develop the product that is touted to be completely free and dedicated to freedom of self-expression and privacy. The masterminds behind this product included top-notch professionals from almost every IT field, such as cryptographic, software, networking engineers and the likes. Early adopters can help the platform by identifying bugs, promoting it globally, putting forward suggestions about prospective features and help in determining the future direction of the project. Beta Testers, Contributors & Promoters will be rewarded for their enthusiasm, commitment and dedication based on a lucrative reward system where 1 point equals 1USD and the payment will be made in BTC. Utopia’s official date of release is said to be 3rd October 2019 after the testing period of 3 months. How does it work? This platform won’t reveal the physical location of its users. Communication and data are not susceptible to interception. Users are free to communicate with whoever they want whenever they want. It sets users free from the bounds of censorship. Utopian ecosystem guarantees freedom of speech. An encrypted file on the user’s own device stores all account data. A central server is not involved in data transmission or storage; it is a decentralized peer-to-peer network. This is a dream platform for the users that believe privacy is paramount. Once a user logs in to the Utopia platform, they can send and receive instant messages and voice recordings. This communication is secured by Curve25519 high-speed elliptic curve cryptography. The local storage is encrypted by 256-bit AES. The decryption of the data can only be done by the recipient. uMail (Utopia Mail) A secure alternative to email is provided by the ecosystem in the form of uMail. This email service has features like an inbox, a trash folder, filters and searches functionality similar to those provided by mainstream email providers. Mail transmission or storage on it requires no servers. uMail account is created by default when a user first joins the Utopia network. A user’s uMail account cannot be blocked or seized.  Any files, irrespective of type, can be transferred to contacts by the user. A built-in viewer allows access to images. The current limit for attachments is 100 MB but may be increased in the future. A builtin file manager allows a user to access all the files sent and received. uMaps (Utopia Maps) Utopia makes it possible to create group chats and channels, news feeds and conduct a private discussion. Integrated uMaps allow a channel to be geotagged simplifying Utopia channel search and adding an extra security layer. There is no need to use public map services that collect user data. Utopia offers a comprehensive API for users to integrate with their own projects. uWallet (Utopia Wallet) Utopia’s built-in uWallet provides all types of financial functionality like making and accepting payments in its native cryptocurrency Crypton (possible without disclosing the user’s public key), billing other Utopia users for services provided, offering a new payment method on their websites, paying by Crypto Cards without revealing identity. With Crypton, the focus was on cryptographic security so as to ensure that organizations or governments cannot manipulate it. It is meant to be fast and convenient to use. Minimum transaction fees and the freedom to complete transactions from anywhere in the world are some of its advantages. All the network enforced fees can be viewed online and fee structure changes are updated live on the network. It makes it possible to stay updated with the current fee structure. The fees collected will supposedly go towards maintaining the network and is said to be a way of controlling the total amount of Cryptons in circulation. The enforced fees is a way to compensate for the emission of Cryptons through mining, by extracting the Cryptons from circulation. Payments through uWallet are instantaneous and cannot be reversed. The balance of a uWallet cannot be expropriated. Crypton (CRP) is proof-of-stake and can be mined through through the GUI based Utopia application or with terminal-based Mining bot. Users that support the ecosystem through Mining are rewarded by the emission of new Crypton’s. Mining Cryptons is environmentally friendly and does not slow your computer down. The group behind Utopia plans to implement their own built-in exchange and the decision to list Crypton on external crypto exchanges will be at the discretion of the other exchanges. UNS (Utopia Name System ) A decentralized registry of names that is impossible to expropriate, freeze or corrupt by any third party called Utopia Name System (UNS) is included in the Utopia Network. This is independent of the conventional Domain Naming System. It makes it possible to tunnel any kind of data between users in the ecosystem and to host websites inside Utopia network that are accessible with the built-in Idyll browser. There are no expiration dates, suspensions, renewal fees and revocations associated with UNS.  Registration on UNS is not free and must be paid in Crypton. It is possible to register multiple UNS registered names.  Users of UNS are served on a first-come, first-served basis. Final words In-app multiplayer games like chess are supported by Utopia. A user can register as a Beta Tester, Contributor or a Promoter and enjoy the ecosystem with varied rewards. Information about the platform and progress made by the Utopia team is available on a community on Reddit run by Beta Testers at r/Utopia1984. Utopia is built to keep communications confidential and data security so that you can be sure that Big Brother is no longer watching your every move. At a time when users’ identity and privacy are sold to make a profit, the Utopia ecosystem can prove to be a game-changer in secure communication! News Source: TheCoinRepublic

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  • One of the most well-known as well as one of its kind platform, Shanghai Wine and Liquor BlockchainAlliance, which was launched in 2018 has once again been in the news. Since there is no denial in the fact that this alliance has undoubtedly ended up enhancing the logistics as well as quality standards for the growing industry. This has also flourished as the middle-class Chinese consumers have gradually started developing a taste for the supple intoxicant. However, the concerning part is the counterfeiting part has equally grown along with the consumption. As per the reports, 65,000 counterfeit Penfolds bottles were seized by the Chinese authorities. COMBATING ILLICIT CHINESE WINE TRADE Well, this unethical Chinese wine trade undoubtedly needed strict action. Therefore, in order to fight with this illicit trade, one of the most renowned importers in the region, Shanghai Waigaoqiao Direct Imported Goods Co (D.I.G.) shook hands with VeChainThor. Together they ended up building a sophisticated as well as effective luxury wine authenticating system. HOW DOES IT AUTHENTICATE? Truth be told, this is indeed a really effective way to authenticate as the chances of illicit wine trade is minimized to a large extent. As per this authenticating technology, the blockchain-strapped bottles are equipped with NFC, i.e., Near-Field Communication chip. This is included so that the vintage’s provenance is tracked with better accuracy. Moreover, the entire process of authentication is even more trustworthy as the entire traceability program is overseen by two governmental bodies as well as the data included in the blockchain is independently verified by auditors like DNV GL. RAY OF HOPE One can never deny the fact that the sales, at one point of time, hit its lowest because of the illicit trades. However, situations are a bit less complex now as D.I.G mentions in a report that there is an overall increase of 10% in sales for vintages tracked by the authenticating program. Therefore since its launch, it has been a bright ray of hope for the market. News Source: TheCoinRepublic

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