How does the unit economics work here? To my understanding, BTC (even after SegWit) has non-negligible transaction fees. Is this site just eating into VC money to make things feeless?
I'm sure you still have to pay Bitcoin transaction fees. They should really say that there are no additional fees to use Open Bazaar since it is open source.
OpenBazaar is not a site at all. People run it on the machine locally and are connected to others in a p2p network. No middleman involved, no fees paid (except BTC network fees on transactions).
I think it just means no "eBay-like fees". There should still be Bitoin transaction fees.
> OpenBazaar costs nothing to download and use. There are no fees to list items, and no fees when an item is sold. Because the trade is p2p (peer to peer), it’s happening directly between buyers and sellers with no middleman to take a cut from each sale. It’s completely free e-commerce.