Quote: (10-17-2018 03:59 AM)JackinMelbourne Wrote:
How's this different from Syscoin/SYS? They're also involved with e-commerce and have functional apps already... look up Blockmarket. (https://coincentral.com/syscoin-sys-beginners-guide/ if you CBF googling)
From What Makes Particl's Decentralized Marketplace Stand Out from its Competition?:
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Another advantage is that the Particl Marketplace is designed as a 100% decentralized and trustless solution, which most of its competitors aren’t. Just as an example, Syscoin’s Blockmarket interface is closed-source and moderated by Syscoin staff. Escrows on Syscoin are arbitrated, meaning there needs to be someone acting as escrow agent in case a deal turns sour. This can quickly lead to bias, collusion, or other similar types of issue born from the simple fact that a third-party basically has full power over the settlement of a dispute. Talking to various vendors, this quickly becomes an issue for vendors on eBay, for example, because eBay/Paypal will most of the time side with the buyer, even when it shouldn’t.
On Particl Marketplace, there is literally no counter-party at play. The escrow is based on smart-contract functionalities and uses the MAD game-theory to keep both parties honest, no moderator required to settle disputes. The marketplace itself will be entirely governed by the community, making sure no person or group of person is held liable for the content published on it or collude with either vendors or buyers.
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The Particl development team is definitely a top-tier team. They are indeed ranked 6th in one of the most thorough code quality review (https://medium.com/darpalrating/darpalra...6b839abdaa) that did review up to 200 coins (in comparison, Syscoin is currently ranked 36th, BitBay is 192nd, Safex is not even active enough to be ranked). The code quality review takes a lot of things into account, and disregards community and marketing, solely focusing on the code itself.
Also, last time I checked the Syscoin token was NOT fully anonymous - they require use of a coinmixer to hide transaction data. Because of this, they also allow BTC and ZCash to be used for payments in their marketplace, which weakens the long-term buy support for the SYS token.
In comparison, PART is fully anonymous and is required for every marketplace transaction (as well as escrow insurance), which means buy pressure on the token will grow in accordance with marketplace usage.
On a related note, PART will also serve as the backbone for any additional dApps developed on the network. The focus of the team is 100% on the marketplace right now, but they created the network to serve as a development platform for any privacy-related dApps, so if in the future third party developers choose to build something on Particl, token holders will be entitled to those transaction fees (in addition to price appreciation if the dApp requires PART to be held).