News for hackers. Stuff that matters.
Re:Decentralized Blockchain-Based Electronic Marketplaces by astura on Sunday January 14, 2018 @08:16PM (#16147721)
>Throughout history middlemen have suffered a common fate. They get squeezed out at every opportunity.

This is just... Absolute nonsense. Just factually incorrect. Middlemen, example Amazon, have never been stronger. People complain about it on HN all the time.

Anyways, people use middlemen and are happy to pay the cost because they provide a useful service. They aren't just arbitrarily injecting themselves into transactions.

Re:Decentralized Blockchain-Based Electronic Marketplaces by joe_the_user on Monday January 15, 2018 @12:48AM (#16148760)
The only trend of ending middlemen is that small middlemen are being replaced by large middlemen.
Re:Decentralized Blockchain-Based Electronic Marketplaces by samolang on Monday January 15, 2018 @06:10AM (#16149829)
> Middlemen, example Amazon, have never been stronger.

The strength of a middleman can be directly measured by how much they mark up prices. Does amazon really mark up prices more than the brick and mortar retailers it replaced?

Re:Decentralized Blockchain-Based Electronic Marketplaces by astura on Monday January 15, 2018 @12:35PM (#16151969)
You're forgetting Amazon is a "marketplace" and not just a "retail store."

Anyway, I don't think "markup" is very much related to how strong they are. I define "strong" as "how critical for business that service is."

I'm just using Amazon as an example, one that everyone can understand has a massive amount of power.

I think of distributors, not retail stores, to be pretty much the strongest middlemen there is. If you're making a widget are you going to hire someone full time to market your product to individual stores and then hire and maintain a fleet to deliver them? Fuck no you aren't, you're going to call a distributor.

Re:Decentralized Blockchain-Based Electronic Marketplaces by meh2frdf on Tuesday January 23, 2018 @01:35PM (#16216037)
Hmm or how much they can out price competitors, which has largely been amazon approach, further more they keep expanding yo new markets!