99 sats \ 2 replies \ @ctramount OP 18 Nov 2022 \ parent \ on: Chris Tramount, Chief Executive Pleb of Scarce.City & SatsCrap AMA 🤟 bitcoin
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.
makes sense re: not being constrained by the different geographies that fiat markets are, but at some level doesn’t the shipping fee/time delay impose a restriction on geography?
i.e. if it costs $50 for me to ship a product overseas, doesn’t that price out a big chunk of would-be foreign buyers?
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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.
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