Thanks for the questions all! I got to run for now but I'll check back later and get back to any additional questions

The biggest advantages of bitcoin commerce is that it's natively global and it enables a more seamless user experience -- no linking bank accounts and there's less reason to require registration/login in general.

The challenges are many people who hold bitcoin still aren't comfortable transacting it. The wallet, etc infrastructure has a way to go to lower the barrier but it's mostly people just going through the motion 1 time. Good thing is when they do, it's a magical experience.

Another challenge is many people don't WANT to spend their bitcoin (for good reason). So bitcoin does not make sense for many commerce categories and I don't expect that to change soon. The categories that do make sense so far:

The business has fiat expenses as do people which mean comp is also in fiat.

We raised some fiat funds last year so we've used that for expenses so far.

I've never liked taxes but experiencing them as a business owner, especially a bitcoin business owner has been jading. It's a very expensive and time sucking nightmare.

I wish I could get into the details here but it's too much. Maybe on a future pod or something.

Sellers pay a refundable listing deposit (10% of their listing price) that's meant to keep them accountable for not listing illegal items and following the rules of the sale.

For reference: https://satscrap.com/seller-guidelines

Of course they're immediately refunded the deposit when they cancel the listing or when they deliver the sold item.

Sats as collateral means we don't need a bunch of invasive personal info from the seller and it enables a much easier/faster listing process as long as you're familiar with transacting BTC (esp over LN).

There are remailer / po box solutions that we fully encourage. That initiative has to be taken by the buyer.

I guess you could get clever with hiding the address in our database (we already take steps to address that) but the address would still be exposed to the seller/shipping carrier.

That's the approach we take for Scarce.City, all prices are in sats/btc.

For SatsCrap, we want buyers and sellers to easily compare prices with fiat marketplaces because our goal is to offer the lowest prices on the internet.

Some SatsCrap goods also have costs associated with them, which are obv in fiat terms so sellers need to make sure they're not losing money on the sale when the hardest money in history is especially mispriced ;)

The biggest thing is the creative talent devoted to bitcoin. Stealing from my previous comment:

"when orange pilled, people want to do whatever they can to earn bitcoin and support the movement. for creatives, that's making art"

I'm also constantly impressed by the devotion of the collectors. Some of them have collections that could complete a full gallery or even museum and I wouldn't be surprised to see some of them make that happen.

It would be super dope to see the artworks we've auctioned exhibited in meatspaces throughout the world.

Artworks are essentially memes. When done well, they communicate complex messages in an instant. They can also be instantly distributed to the masses over the interwebs

yah it's something I'm constantly amazed by. there's an incredible amount of creative talent devoted to Bitcoin.

when orange pilled, people want to do whatever they can to earn bitcoin and support the movement. for creatives, that's making art

We definitely plan to add auctions once we get steady eyeballs on the site.

Something we've learned through Scarce City is that auctions with high starting/reserve prices, while sometimes warranted, are kinda lame.

It could be cool for SatsCrap auctions to be no reserve only. To enable that, we need to make sure auctions get enough exposure.

We'll see about the api game. I think there's a huge benefit in attracting buyers to a single destination, related to the point above.

That Northface is some cozy crap. I've given it a couple looks myself...

For sure it does. International shipping rates vary wildly from country to country. Some countries subsidize costs while others seem to add extra tax to make shipping more expensive.

SatsCrap probably won't be appealing to countries in the second group but we think there's a big enough market in the 1st.

Great question!

The strategy is to make it as easy as possible for Bitcoiners to sell their crap and earn KYC-free bitcoin. Bitcoins love bitcoin and put a premium on receiving them off-exchange.

So by making it easy for them and incentivizing them to sell for cheap (thru extra exposure), our goal is to offer the lowest prices on the internet. Cheaper than ebay, poshmark, etc.

If we can do that at scale, there's a pretty strong value prop for buyers to scoop up deals, even if they just plan to sell on ebay at a higher price.

We don't want to constrain product/location because we want to be surprised by what people sell. We really want to target Bitcoiners in emerging markets, for example. One of the benefits of not relying on traditional banking is we're NOT constrained by geography, while fiat marketplaces are. There's a unique opportunity to create a truly global marketplace.

I'm super excited to see what kind of crap people in Pakistan (for example) list for sale since they haven't had a great way to sell crap to people in developed places before.