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Names Update 8: #HNS MahaDex - Legos of New Internet
Recorded: Dec. 4, 2025 Duration: 1:02:03Space Recording
Short Summary
Maha Dex is poised to launch as a decentralized eBay alternative, leveraging Handshake for domain security and actively seeking community developers. The project aims to create a safer marketplace for real-world assets while conducting funding rounds to support its growth.
Full Transcription
Good morning everyone, we're live, episode 8, HNS with Mahadex, and welcome to the stage,
Seth The Ruth, hope I said that right.
Oh yeah, it's Sephiroth. It's fine.
Sephiroth.
Good to see you. Welcome, and also welcome
Roy to the stage. Good to see you, Roy.
Hey, good morning, Edward.
Good morning, good afternoon, wherever you
are.
Sephiroth.
That's how you say your name. F Sephiroth.
Yeah, it's erg for ergo
Like ergo blockchain
Yeah, I was trying to do
Like the Kabbalah
Sephiroth thing, but then
Somebody already took that name, so I just had to
Do it like this
So it looks a bit wacky
Yeah
What does it mean?
Sephiroth what does it mean what does it mean
you said it's from the cabala
yeah it's from the cabala
it's like the there's like these little
circles in the cabala
that are like
they're like little like nodes of creation basically.
And then there's like different like attributes that they all represent. And then basically like,
uh, creation flows down from the heavens through like the Sephiroth into, uh, reality,
like physical space and everything like that. Yeah. Which is, uh, like the earth, like the physical
realm and whatnot. So it's just like a play on words, like the, uh, off like authorization
too. So it's kind of cool. Like, cause it's like authorizing it to be formed.
That's kind of like the idea that I was going for with it. It's like
a weird little like
niche kind of like
not like magic
thing but like just like a
kind of like a theology
like religious philosophy
type idea.
Yeah, I like
the history of the story behind it. It's like a conduit from virtual reality to reality, might be.
Yeah, exactly. Basically, it's like a conduit.
I got here, one sec, let me see here. I got to pull up this note sheet right here because I got some stuff written down that I'll talk about.
Who wants to start the thing?
Edward.
Yeah, I see Edward's got to get up.
Well, actually, I'm listening.
I'm about, I didn't quite finish making my cup of morning drink.
So if you want to go, please go ahead.
I'm still listening.
Okay.
All right.
So I'll start off by saying Maha Dex is basically going to be like a eBay derivative of Web3.
Because I've noticed that, you know, XMR, Bizarre, they're pretty close to that.
you know, XMR bizarre, they're pretty close to that. But, you know, I haven't seen anybody really
do anything professional on that site. Frankly, there's a lot of drugs, a lot of guns
that they sell on there. Somebody recently just sold a car on there. And nowadays with all like
the electronic engines and shit like that, you honestly don't know if you're going to be buying something that's actually not like been swapped or somehow like illegally.
Yeah, like stolen or somehow illegally jimmied or like something like that, you know.
So there's just a lot of like, what do you call it?
No regulation in the space and it's just kind of
like a lot of illegal stuff on all those marketplaces and it's just going to give
the entire like web3 space a bad name and make it look like you know how they say everybody around
here just uses it for drugs or guns or doing like buying hitmen with
their bitcoin online and stuff like that i just don't want a marketplace involved in the space
to be having that kind of like reputation and stuff although we are gonna be doing it decentralized
like uh for instance it's going to be ran through a handshake
domain most likely connected to a uh file network like file coin or like sia or some or arv weave
maybe some form of uh decentralized hosting so then there is no ability to take it down because one thing that was being thought about, it's not 100% actually going to happen or not, but maybe depending on the jurisdiction where it is officially listed at, there may be able to be a tax reduction or no sales taxes if it's on a decentralized open source framework,
because there's no way to really claim from a legal perspective that this jurisdiction
has an entitlement to be able to get money from this group or this group doesn't have
this group or this group doesn't have an entitlement to be able to get money here.
an entitlement to be able to get money here.
So we just want to make sure that we're following along with, you know,
most of the rules and regulations with marketplaces and not allowing a ton of BS and like shady stuff to be happening on the side.
That way there, even though it's a censorship resistance and decentralized,
we still don't want people coming on there and then um if it does end up getting big enough don't want mainstream
media having a whole ton of reasons to be able to insult it and give it a bad name and make it look
like a drug marketplace basically the uh like uh another general idea that i'll go over for it is kind of like uh
no fees as well we want minimal fees so we're only going to use seller fees for when you sell
an item there's not going to be any fees to list so even though nfts are going to be involved in everything, the NFT mint is only going to happen after the purchase.
So the buyer will be receiving a NFT receipt.
So there will be no fee or purchase cost until the person actually buys the item. So the seller doesn't need to worry about any listing fees because that's one thing I've noticed on some of the sites that have come out that are RWA affiliated right now that they force you to list it up through an NFT.
So then you end up losing maybe like 50 cents to a dollar in NFT listing costs, which is actually very expensive if you're dealing with huge amounts of volume.
Like myself, I have probably like 2,500 items that I have in a warehouse that I would be listing up personally.
So I just can't afford to pay like $1,500 to just list my stuff up onto another RWA marketplace. And frankly,
there's not too many of them either. Another thing on the whole topic of the site
would be that we're looking for devs and people that are able to help the site grow from just a
community-based open source standpoint. We're not going to be releasing a token or having any funding.
The only type of investment opportunity that you could have with it is simply being an early investor and then being entitled to a
portion of the seller fees, which I should have also noted that those fees will be going back
into the community as well. So I believe 10% of the fees will be burned. So all the fees and the native tokens
will be burned off 10% of them.
Then another 20% will go back into airdrops
for the sellers,
for the sellers with the highest trust
and the biggest volume
that they're bringing to the network.
And then also the rest will be going into uh i believe the other
excuse me the other 70 percent will be going into uh advertisement paying uh like seo costs
and then also recouping any early investor fees by uh spreading those out through the Dow back to the early investors in case anybody's put any
money into the coin or not the coin but any money into the protocol during the what is it funding
rounds that we have so we'll be doing some funding rounds through ergo on their ergo raffle and a new finance funding uh what is it the administration
structure we're going to be going for like i said like just raw community uh there's some
pretty good systems that ergo has developed right now that i'm going to be using in line with a couple of other things,
like I said, like Handshake and then maybe like Filecoin, Arvweave, some sort of file hosting site.
But essentially, there needs to be a way for people to be able to verify trustfulness and
things of that nature. Because I've noticed one of the biggest ways to get scammed in this
market or in this space is actually to just repeatedly spam single-use seller accounts
and then abuse the fact that you have zero reputation or anything like that and uh you could just basically steal money by uh selling people
fake goods although we'll be uh making sure to require people to put in collateral
as well oh sorry uh my go ahead uh i was just thinking of a question about like in the starting,
you said like it's kind of eBay and you will fight,
you go,
we'll fight against the illegal stuff,
which people are doing like illegally selling.
So there you use the reputation and all those things,
right?
Like kind of identity,
right?
Yes.
We're not going to require people to KYC per se,
but we're going to make them have to,
like,
for example,
like what I was going to say with the,
ergo stuff,
they have a,
thing based,
like,
it's like kind of like a,
protocol based on trust.
I can go ahead and put that into the code for the site that essentially,
say you're selling on there and you have 100 good sales. Then after every sale or every transaction,
somebody can give you a rating. When you have enough good ratings, then the site will allow you to reduce the amount of collateral that you need to be a new seller on the site, they're most likely going to be forced to have
to use 100% collateral to, uh, make sure that their positions are covered in case like somebody
decides to sell, let's say like a $5,000, uh, raw ROG, uh, ASUS laptop that they don't have that's completely broken or like the chips are stripped
out from inside of it and stuff like that. If somebody decides to sell something like that
for $5,000 and they don't have $5,000 actually able to be used as collateral to cover any loss
from any issue with that, then you're just not going to
be able to sell an item like that. Because like I said, I don't want it coming out of anybody's
pocket. Really. I just want everything to be all just involved with only community stuff. So that
way there's no, um, people that that especially to like for the first time scammers
it would just be so easy to go onto the site and list up very expensive items worth multiple
thousands of dollars i see i see uh are you guys like registered or where you guys like registered? Or where are you guys based?
We're not based out of anywhere.
We don't have any LLC.
Just because of the nature of the.
Thing we just don't want to.
I don't want to have an LLC involved in it. Or anything.
Because it's just going to be all open source.
Community driven.
So there's going to be no. um, what do you call it? Like
legal entity behind it simply because of like issues like with XMR bizarre too,
in case somebody starts selling, uh, illegal goods on there and stuff. And that's why also
there's going to be a group of, uh, the early investors that are able to go around and also, what do you call it, monitor the site.
Make sure that there is not illegal drugs up or anything like that.
Or if there's like a weird listing, because I know some child trafficking stuff, they do like weird listings where they list up furniture for like $10,000. And then, uh, it's just like a really weird looking listing stuff like that.
The admins will take down too, because we don't know what's actually getting sold behind that
listing. So it'll get taken down. Um, also too, there's going to be an ability for people to
fairly be made like a selling admin so if you have a high enough reputation point
system like if you gain enough reputation points you'll be able to uh level up to like an administrator. Kind of like almost like we're kind of taken after dark web marketplaces
with the way that they handle transactions and everything like that,
but just making it a clear web variant.
So there's still no KYC and stuff like that,
but it's just going to be a lot more safe without as many issues and stuff like xmr
bazaar has with the guns and the drugs and things like that we can say it's like peer-to-peer but
there's somebody to help who needs help or who might need help right yeah exactly because especially for sales and things like that sometimes you might need like
um two or three different like actual humans to kind of kind of come look at what was going on
because i know for uh like amazon for example if you buy let's say a 35 pound computer that has like a 50 90 uh i9 49 14 900k in it just like a huge
computer that's like really expensive you if you just get the weight of the box fill it back up
with rocks and send it through amazon the um system will auto flag it as like, oh, okay, this thing weighs 35
pounds, the same price that you bought, or like same weight that you bought, plus or minus like
a couple ounces. So this is most likely the computer and then they'll just give you the
money back based on the AI, simply scanning the weight, which is just completely unacceptable for a service like this
because I don't want to be screwing over a buyer or a seller for things. So it'll require a little
bit of due diligence from the administrator's perspective, also in line with the trust
mechanism. And there can be some losses, obviously, from the selling fees,
as long as it stays at a high collateralization rate, it'll probably end up in time going over
to like a two to one total fee to like amount sold type ratio, kind of like almost like an insurance system where in time, the amount
of money in the fees and everything that everybody's getting will be great enough to be able
to repay a lot of issues like that, especially probably after like a one to two year timeframe because it's just
such a small fee. It will take a little bit of time.
I think there's a swap on a XMR currently that does a similar thing like this.
They offer 0% fees at the moment.
I think it's Rado swap or something like like that. But either way, you can buy the XMR from a, what is it,
SEX, like a regular centralized exchange or a DEX.
And then you could sell it through RadoSwap.
I think you can use direct ACH transfer actually to buy through RatoSwap. And you could do like a ton of like no KYC,
weird little things to be able to get your XMR. But the only issue is it costs a little bit extra,
like a hundred dollars. So you can actually end up profiting on an arbitrage with the XMR
doing stuff like that. But's just like a either way
the entire point of the uh example is that's like another kind of site that allows you to kind of
fidget and bypass most of the rules and regulations but it does come with like a uh premium
at the end of the day where your XMR is going to cost a little bit more for getting it
through that method. I mean, I'm hoping not to have a, uh, liquidity silo like that with this
site. I think that would most likely not end up happening because most everything is free
on the site. Uh, besides just like the selling fees when you make a sale. But it's kind of like
the same kind of structure with the zero fees or very minimal fees. And then, you know, just kind
of like a little side exchange. The entire idea of Maha Dex, Maha in Sanskrit actually means great.
So I was, the whole idea is I'm kind of going for here is just like a massive, great decks
that allows for like exchange of RWAs.
And, you know, hopefully even soon, like there could be a mechanism put up,
which we can do on Ergo to allow for homes and stuff to get listed as well.
Go ahead, Mayink.
Yeah, cool, cool.
I'll say this thing as like an open market, you know.
My only question is like, if it's Dex, I remember using iDex,
anybody can log in and like he can upload anything then there comes like our service like maha dex service who will like monitor what's going on
what's not think like when it scales a lot like millions of sellers are using then how will we how will we monitor this thing like
there are millions of people uploading suppose we have a scale you know in future so then how
are we going to manage those first like the sellers who is who is scam who is fraud who is
not based on like personal intervention it will intervention, it might be use of AI.
Have you thought about so?
That's most likely the route that we'll have to go down, for example,
like with pictures and stuff like that.
Well, first, actually, I'll start with those weird posts that I was talking about, like the ones that would be the hardest to find. Because with AI, if somebody puts up pictures of drugs, I mean, the AI would most likely be able to recognize it, it's drugs or something that shouldn't be up on the site. So that'd be fairly easy to get just with regular ai but with something like uh like i was saying like a ten
thousand dollar dresser or like a ten thousand dollar refrigerator that it looks really kind of
weird that stuff uh i'm just gonna have most likely a policy with the admin team that any
type of post like that just immediately take it down in because like I said you don't know
what's actually being sold behind that so things like that that would probably be the greatest
challenge besides like first-time scammers like you're saying when it does scale if it does scale
to like millions of uh sellers and buyers you whole, uh, trust system with the reputation
and stuff that's going to play a large part. Cause I know eBay does a little bit of a similar
thing where they have like, uh, the, uh, buyer and seller ratings. It's not, you, you're not
required to have to give anybody any feedback. I'm going to force people to have
to give people feedback after transactions. But on eBay, for example, you know, there's people
that have zero buyer and seller rating, and you could just tell if they have zero buyer and seller
rating that, you know, like the 5090 that they're selling for $1,000 under MSRP most likely is fake
if it's like a first time listing account. And for example, like I was saying on the site,
unless you have the collateral, that's why, you know, the house, like Maha Dex, the house
won't actually be losing anything. So for example,
if you want to sell that 50, 90, a thousand dollars MSRP, and it's actually real, that's
completely fine. You could go ahead and list that up from a new account. As long as you have the
collateral to, uh, back the position there. Um, the thing is is though it would be extremely hard to have to do that for uh
like somebody that wants to sell thousands upon thousands of those types of items let's just say
that they have like some weird liquidation center that they could get things from for very, very cheap. They'll in the future, once they get a high enough reputation,
only have to maybe put up 10% of the collateral of whatever they're selling. So it say they have
a thousand dollars worth of items listed. And, uh, then I'd require them to only maybe put up
a hundred dollars of collateral because, you know, they're,
they've proven with their trust mechanism that they're good to be able to sell and buy.
And they haven't had many issues covering any debts or any returns or anything like that.
So there shouldn't be any problem beyond that.
I mean, we are, like I was saying that we are still taking ideas on, you know, how to handle this, especially when it scales to because that's just one of the hardest things to do on a marketplace like this, even on like the dark web and stuff is to be able to make sure that everybody is treated fairly.
And there's a like a consensus mechanism of fairness.
Yeah, yeah, yeah. Totally, totally totally like proof of trust something like which helps them yeah i've been thinking about this
thing a lot like with like rising bots and whatnot like how do you make sure the person
is real behind this id or something so i've been thinking along the same lines like to
implement some kind of encrypted data with the id so that we know this is this person for real he
has like what i'm saying like suppose you get it in like a wallet address or something but with that
something real like your passport your ssn or whichever country you are in some kind of governmental data
is encryptedly attached so that it says hey it's a green mark a check mark like this id is verified
we don't have the data but can we have encrypted data to verify this thing is real are you getting
what i'm saying yeah we could potentially do something like that we're actually gonna keep a no log system
as well that's another thing i was gonna say so that is actually potentially an idea um
to be able to do because like you're saying you could just have it encrypted on one side make sure
that you know it's like some verifiable legitimate data and then you know like that's that
with it you don't really need it beyond that because like for instance say uh you have seller
like taxes on here okay let's just say that you gotta uh report your uh taxes from like an llc
that you're selling on or whatever if If you wanted to do that, like,
we're not going to send you any 1099 K and force you to do anything or report you, you know,
through that. Even if we have this stuff, it just basically be like, you know, it's an open source, free to use thing. If you don't file it and you don't get
caught, you know, that's your own case. And if you do file them and everything's fine, that's your
own case. So, I mean, we can do something like that. It wouldn't be out of the question. The
only issue is there's a lot of people like for example it's extremely
easy to just get that type of detail fake online uh the only real way to prevent against it is like
with a liveness check from uh via biometric data and stuff and i don don't like, I don't really want to be getting a ton of biometric
data, people and things like that. I get what you're saying and it's not a bad idea. It honestly
probably would be useful, frankly, to be able to get people to, uh,
be more like trustworthy. Cause if they're going to put up a minor amount of data,
you know, it's not going to hurt anything. Plus it also keeps some, uh, drug dealers and potential like
nefarious entities away from the site. If they're required to list up, like even just like a small
form of personal verification to show that like they're real or maybe even, uh, beyond that,
Like they're real or maybe even, uh, beyond that, you know, maybe, uh, just for like a return and shipping address. Right. I might, uh, require all sellers to, and buyers to, uh, actually like post a picture of the address that they put in for the, uh, shipping to know that like, it's actually real and verifiable.
for the shipping to know that it's actually real and verifiable.
So they're not just coming up with stuff to try to get scams
and say, oh, this thing never arrived, or oh, this and that,
because that's another big scam as well.
Yeah, some kind of pseudonymous identity,
like not totally anonymous, not totally visible.
It should be in between. I totally see use and need
of that thing.
Yeah, we can definitely, like I'm saying, get some of
the data because it would be no log anyway.
Even if we were to get hacked or something,
there would be zero logs of the data.
So nobody's private data would be given up.
And I think SIA right now, it's like a Filecoin counterpart, basically.
And I'm pretty sure SIA has a mechanism being made for this type of implement currently right now actually where
you can um get no logs of the transaction data or keep it on just one side where it's like
completely encrypted so nobody else could see oh hey oh i forgot to ask like what's the history like what you have done before
and kind of like a brief introduction i should have oh yeah
yeah i haven't uh i haven't really developed anything on web3 before. I've been doing a lot of sales, and I do a lot in sales,
and I do a lot entrepreneurial-wise, a lot of investing and stuff like that.
And I just noticed, for example, I used to sell on eBay a whole ton. I've probably gotten, I don't know, like eight eBay accounts banned because half of them are just, you know, the AI flags the account for some stupid reason. Just shut down the account.
I'm not making this stuff up so you guys don't think I'm just some idiot seller.
They'll just shut down the account randomly sometimes.
You can go look that up.
There's tons of people complaining on the eBay forums.
Or you can also get your packages stolen.
That's one huge thing.
A lot of people steal the packages through the train cars and the, what is it, like the box trucks and stuff like that. And one time
I actually had like 50 packages stolen and then my account got shut down immediately because
they thought even though that the packages were in the middle of transit that I had somehow robbed
the buyer or scammed them or something. And that kind of stuff is like, you know, it's understandable that
somebody would be like, yo, what the heck over this? But eBay is way too ban happy for things.
And, you know, if somebody is going to sell on stuff or on a site, you know, I, I want to make it fair where like, even if they get kicked off,
you know, they could still have another chance to load up another account,
do right by where they went wrong the last time and still be able to sell and have a big platform
that's like using the fees that they're generating, not just to pay a ton
of useless employees, but to actually, you know, like promote the platform and give them like a
good place to sell on. I've also done a lot with like my own websites and stuff like that before
they, they do pretty all right, but you know, there's nothing really as good as just having a
place to be able to list up everything for free super simple super easy where there's not really
too much uh hassle to be able to do it and it's like an already all put together system that you
don't have to build up and especially too because there's nothing like this right now in a web three,
I've been doing cryptocurrency for a good long while.
Actually.
I mean,
probably ever since I was,
like 14 or 15,
I've been in it like,
all right,
but haven't really been,
doing anything massive with it.
I think one of my,
first crypto purchases was like Ethereum under like $300 around like 250 or
something like that is like one of the first times I got into cryptocurrency.
I've been around for a little bit, but just haven't ever, uh, taken the challenge of
developing anything. But then I realized, you know, this is like my strong suit here
with the selling and everything. I got a good amount of knowledge and understanding in this area. And it seems,
you know, to me, like a lot of the, uh, RWA sellers in the area recently, like, uh, Palm economy,
they, they've been taking a very long time to develop a product that you can't even sell on. It's only like USDA compliant goods, which is like completely
useless. So they've been taking all this money and then you can't even sell on there. And then
like XMR bizarre with the guns and the drugs, you know, in like basically zero ability to verify if
anything's even good or like a real purchase on that site
so that's just kind of like the whole route that i've been going down right now with uh the maha
decks and the rwa marketplace and like uh selling and stuff like that just in general with like
Set selling and stuff like that just in general with like turning
Cryptocurrency into real-world use case essentially
Yeah, you sound like pretty young like you just started at 14 15 of age. That's what he said, right?
Yes, sir, I'll like around there. Oh love are you if you don't mind us telling us
I'm about 25 now. Yeah, so I've been doing
Yeah, I mean when I first started doing cryptocurrency me and I started seeing like Bitcoin and Ethereum and I was like man
These are gonna be the future when I was so young
I just had basically like zero idea how to buy them because like back then it was still
so new and everything too so i had very minimal idea how to actually even buy the tokens i just
realized that you know like in the future these things are definitely gonna be like uh something huge where you know the world's gonna start using them yeah yeah yeah
still people find it very difficult to buy selling everything do a normal transaction
so yeah definitely we are ahead exactly that's the whole kind of point that I've been going for with like the marketplace, like I was saying, because,
you know, very few people, first off, I think, you know, it's the actual on-ramp. So that's
another thing I was going to say too. Maha Dex is going to have on-ramps for one of the reasons
why I've chosen Ergo is because the on-ramps are extremely easy
where you can use things like gift cards.
They have Rosen bridge, so you can bridge over different coins.
They have like direct ACH transfer with banks and stuff.
So you can basically on-ramp your US dollars directly onto Ergo,
get your Ergo stable coin, and then use a
stable coin to buy whatever you want or sell it in Ergo or whatever you want to do. But that's the
main thing that I found is a problem. A lot of people, once they get on-ramped, one, they have
no idea where to go. And two, it's just so hard for them to even like get it on
ramped and then even trust the entire system so that's a another big thing that we'll have to do
is you know like uh coordinated seo and marketing campaigns there's a couple other people that I've been working with probably like three to five of them
some of them are people that you know they're like illicit marketplace experts where they've
been around in like the dark web scene for a while so they're not involved in there like doing
anything shady but they're just like, you know, good with that type
of security, like fairness involving no KYC and stuff like that. So those guys have been helping
me come up with certain ideas for the marketplace and everything to ensure fairness and also to,
you know, kind of keep out scammers and the negative type of characters that you have
in a space like this and, uh, have a couple of devs that are working with me as well. And then
right now we got one guy, uh, or two of them actually like one or two guys that are going
to be helping with SEO and the marketing and stuff. But we definitely are going
to be getting like a huge marketing section where there's going to be a lot of dudes doing marketing,
hopefully in the longterm, because I just want to be able to get good marketing out. So then people
can see the entire like use case and idea behind the site
and like everything that you can do with it so that way people in the future are like oh you know
this looks really like safe it looks like i'm seeing all these ads for it it doesn't seem like
a scam and hopefully too you know our social presence gets a lot bigger
so then people are more trustworthy of the thing and
They think that uh, you know, it's a good place to put their money at the end of the day
Cool cool does other provides like easy off-ramp to
Yeah, it's pretty easy.
The easiest way, I would say, unless selling out of it,
is there's so many stable coins on Ergo,
and the stable coins are so well made on Ergo
that the Ergo supply is actually tied into the amount of stable coins and everything like to a peg and stuff like that.
So you can just like port your say you have like 50 ergo.
You could just port those directly into like a stable coin and basically have US dollars.
That's what I mean.
The off ramp is pretty easy.
You could still go through like your regular SACs or DEX or whatever the heck that you want to go through.
I see you got another question.
Yeah.
I mean, like from ACS to Ergo, it's easy.
You said they are providing ACS service.
So is there a way to not not us like not stables
like the uust is there an easy off brand like that way like i can have a stable
and sell it to usd and get in my bank account uh yeah that's what i was gonna say you can uh
cash out through banks uh uh you can also i believe cash out through volt pay
um i know on volt pay to on ramp you can say you have a 50 amazon gift card you can uh just sell
right out that amazon gift card into ergo and get Ergo from the Amazon gift card.
It's actually a pretty cool little thing right there on Volt Pay.
But yeah, you could just use your standard sex or decks or whatever the heck.
Or I mean, through Rosenbridge, say everything.
through Rosenbridge, say everything. This is another reason why I chose Ergo as well,
is because say all of your off-ramps get taken out. So you're completely liquidity locked onto
Ergo. You could go onto the Rosenbridge and port your Ergo tokens over to Cardano through a bridge and basically just take your Ergo out of Ergo into Cardano
and then just sell them through Cardano essentially and then get your stable coins that way.
So there's multiple ways to bypass and there's it an in-house mixer on ergo it uses zero join so i believe uh
the zero join mixer right now is like one of the best crypto mixers out there so it just offers
oh plus uh ergo has uh inbuilt escrow contracts for they're called Sigma contracts. So, uh, say for instance, the package will take
two weeks to get to your house. Um, and then you need to like sign on the escrow transfer
for the crypto payment for whatever you just bought, you could schedule the time of like the, uh, shipping in line with
the, uh, escrow payment through the Sigma contracts. So you could basically create
individual escrow accounts for each transaction that never get released until the, uh, actual
sale has been like authenticated and confirmed on the site that it's 100 legitimate
and that the person would in fact not like to return the item but rather keep the item
so there's a huge amount of different like little intricate things like that that ergo can do
to be able to build up the site that most cryptocurrencies, I don't think they have that.
Those subtle nuances and like little niche use cases that could be used for things like that.
Cool, cool, cool.
Yeah, people need easy on-ramp at the same time off-ramp too, you know.
Yeah, that's what I was asking that.
Looks like cool product which you'll be using soon.
When can we expect this to use?
I would like to sell something or maybe buy something.
Hopefully, hopefully within the next three to six months.
If it goes really, really really quickly within three months uh
if it goes at like a medium pace about six months if there's a lot of hiccups and stuff
maybe eight honestly but there's it just takes a lot of uh development especially too because
It just takes a lot of development, especially too, because I'm a newer programmer.
I'm not like absolutely amazing at it.
I'm not horrible, but it just requires so much back end, front end web development.
And then right now, for the most part, like besides some guidance from some of the developers and stuff like that, I've been the main one coding it.
So besides like myself doing that, I'm also going to need people doing SEO and like stuff like that. at least like a solid little like a beta or like a test net of the thing created.
I'm going to 100% start up the SEO and then start doing the funding rounds.
The funding rounds are only mainly going to be for advertisement.
And then whoever helps pay for those, like I said,
you're going to get your money back through the Dow
from the sales fees eventually. So, I mean, it's essentially like as long as the site gets
at least a little bit of volume, you're 100% assured to be able to make the money back.
And then I'm thinking about probably doing like a 20
to 50% plus gain.
So if somebody gives like a $100
donation,
they'll get their $100 back
plus $20 additional
in fees
over time to that same
wallet or whatever they have in the DAO
basically.
Did I hear it's only you who's doing everything
right now uh it's mainly me just doing the um coding and stuff but i've got a lot of dudes that
are running around like coming up with ideas right now um and then like some of the stuff like the trust mechanism that was not me that did that
that was uh josemi uh from ergo he's a community dev over on ergo so there's a couple of people
doing like little bits and pieces of stuff but like the whole main coordination of the project right now yeah that's mainly just me
working on it at the moment sweet sweet man yeah it's one guy's vision but it takes a lot
yeah yeah development is hard like i've been trying to do something and it's hard like i'll
i'm also trying to learn coding and do something something and it's hard. I'm also trying to learn coding and do something, something.
But it's hard to do production level of coding just by doing all by yourself.
Yeah, that is true.
That's what I've noticed.
I mean, I saw a guy trying to make a poker game on Ergo the other day,
and he was just like, man,'t do it i fucking quit he's like
there's just like one little line of code in here that isn't working right and he's just all like
heated over just like a little line of code but that's how it is sometimes with the coding and
stuff i always remember i always remember though with the uh, if you're just careful, you know, and you're not like, if you just talk to the computer like it's a toddler and just remember that it's like talking to a little baby and you need to be like extremely particular and careful about what you're saying.
so that way it functions properly
it takes out
a lot of the hassle
and the pain
I've done
some coding and stuff
most of the only hard
part about it is just the really
weird commands
that you have to give it
in the prompt sometimes
or the script
it's just like really weird stuff that like you wouldn't think it would go
there,
but then it actually ends up going there.
And then the whole project is messed up until you get like that one line or
that one word in to actually trigger it to do the right thing.
For how long you've been like working on this project?
Uh, probably about i'd say like half a month to a month now i just got very sick and fed up with a lot of the other rwa marketplaces and i've frankly been waiting for one like the past like
three or four years ever since like 2021 when crypto first started
getting big i figured that this would just naturally be something that somebody did
but and then i could just be lazy and not have to do anything but it doesn't seem that anybody's
gonna do anything like that so then i figure well i might as well just do it myself or else i might have to wait
like 10 years until i could get like an actual serious marketplace
yolo bro yolo do it don't wait on it that's what i figured out if you have idea do it don't wait for nobody. Yeah, man. We have 10 minutes to go.
Edward, you got something to ask?
Yeah, it's really cool hearing about this.
Thanks for coming up.
An eBay link to blockchain and Handshake is an amazing idea.
I guess I've got a couple of questions about how it links to Handshake.
Specifically, how important is Handshake to the Mahadex overall?
Well, we actually are going to use our domain through Handshake.
So it's a critical piece of the infrastructure, essentially.
If there was no place like Handshake or like any Web3 domain, for example, like but particularly Handshake,
because Handshake is more compatible with other chains where I believe unstoppable domains is just only for EVM.
only for EVM.
handshake stuff like,
in this case,
you know,
like if we didn't have that domain,
there'd be no way to link into Filecoin
and the other decentralized hosting sites
and stuff like that
in a decentralized manner
to be able to get us
basically
a censorship resistant protocol. So for example if somebody wants to attack
the uh regular dns web domain they could just take down some of the servers and stuff like that or
just take down one server and just shut the whole site offline but with handshake since it's spread out throughout multiple nodes and
different things like that in a decentralized case then they would essentially anybody trying
to take down the site would essentially need to go after all of the servers all of the nodes
take them all offline and another cool thing about the handshake is that uh you
could also run personal instances uh of the site on your own local host so you basically could just
locally host the site yourself and not even need to uh in to HNS or DNS.
And that's only possible through the decentralized hosting that you could do with HNS domains and stuff like that.
Also, HNS also donated the domain to me.
So much appreciation there to the HNS community because this would not be possible without them doing that to start with.
That was also one of the big things that made me start actually getting my butt in gear doing stuff with this, too, because I figure I'm like, you know, now I got people counting on me here, gave me something for free.
me here gave me something for free so you know i can't be like a groveler that just takes stuff
and then runs off without ever you know completing the end of the pack that i was intending to hold
up to what was the domain uh for this for the hns domain uh it's just .mahadex.
Is that spelled
D-O-T or just
M-A-H-A-D-E-X?
I'll put it
into the comments.
I still have to
get it from Handshake himself.
Let me see here.
I can't put it into the comment here one sec though
i think i could do this would it be possible to spell it out phonetically it's just some people
yeah the comments when they're playing back yeah yeah i will uh it's just uh no dot dot is just like a regular period dot Mahadex M-A-H-A-D-E-X
just the same way that it's spelled out
right here in the
names update
That's brilliant
So the HNS name is Mahadex
so if people want to find you in Handshake
then it's open Mahadex
in a Handshake browser
and then off you go basically when it's open Mahadex in a handshake browser.
And then off you go, basically, when it's live, of course.
Yes, when it's live, of course.
Yep.
Basically, it'd just be that easy.
The only issue with HNS right now is just the particular browsers that you need,
which isn't a big deal at all,
because that also provides extra protection as well like how i was saying with the hns versus the dns and the ican resolution
and everything it's just a lot better to have it on its own native browser so then everything works
smoother and everything too yeah we got a rush browser we got like a fingertip
resolver and there is a hns dns dns and handshake app too which resolves handshake websites
so we have ways to resolve that name yeah that's what i've yeah i've also uh noticed i think you
guys have an extension or something
like that that fingertip can just plug yeah it just plugs right into google and then you can
just do whatever the heck that's pretty cool i haven't really seen anything like that with
even in brave other sites
yeah yeah i have hmm go ahead go ahead... Go ahead, go ahead, please.
Oh, no, you go ahead.
I was just...
Yeah, I was using...
I'm still using fingertip, and it works, you know?
Sometimes it breaks, but there is way.
So we are getting there in browser terms.
That's also, also too why I wanted
to allow people to run
a local host of it as
well. So in
case every single
issue or whatever the heck
fails for them to be able to
open up the site, they could
still just run the local client
on their computer
and then still be able to open up the web page.
So I'm just trying to make it as resilient as possible, but also, you know, not just blindly
stand in the face of regulators with two middle fingers, like saying, fuck you, you can't do
anything. And I'm just going to like peddle a ton of illegal crap through here right on the open
internet just so that way you know like people that are using the thing don't get in trouble
people that have helped create this stuff don't get in trouble and it just makes everything a lot
more safe but also in case somebody you know wants to just be like some like some weird asshole and just like try to take
it down because it's conflicting with ebay i mean it's a bit conspiratorial here but there
there is a lot of like intelligence agency connections to a lot of those other big selling
sites and things of the sort so it it would only be, uh, like right to believe
potentially that if somebody were to get big enough, they would start having a serious problem
with the site, especially if it was free and open source and try literally have an entire agenda
to try to take that site offline. that's why it needs to be made
censorship resistant to the best of the ability that it can be and not hosted in any one specific
jurisdiction either yeah totally i see that it's a little fight again like whoever is competing against the business
Yeah, that's also why I don't want any coins for the maha decks either because if it has coins
then it can look like it's like a like a
Project or like like a cryptocurrency or something like that rather than just a
cryptocurrency or something like that rather than just a uh a forum or like a piece of technology
or just simply like a uh app or a dap or something like that and they go after the cryptocurrency
mixers all the time so the last thing i want is the site getting attacked because you know it just
angers somebody one day and then it's cutting into their profits, basically.
And it's a new competitor and they just want to shut it down.
So things like that, you know, because the business at the high end with things like this is extremely shady.
So unless you're built to be able to do battle with those kinds of people, your system most of the time isn't going to be able to stand a chance.
Yep, true, true.
You got to have like a solid base.
Sweet.
Looks like we built an exciting product.
People will be using it.
Yes, it's an awesome idea.
Yeah, I love it so to summarize it all maha decks is coming in
maybe three months maybe six maybe eight if there are hiccups it's going to run through
handshake and it's basically a decentralized ebay being uh set up by stefer roth who is obviously
the head of it at sefer roth let me spell that at on Twitter, S-E-F-I-R-A-U-T-H.
And that's obviously who's been chatting tonight.
So, yeah, thanks very much, Sephiroth, Roy.
And, yeah, any closing thoughts, guys?
I just wanted to say thank you guys for having me on here tonight.
I appreciate it.
And I don't want to come off like some just like
goofball that's scrounging together something to make something happen i'm definitely trying
to be 100 serious about the project and make sure that this thing actually gets completed
it's just a huge workload for the amount of stuff that needs to get done for it so it'll just take some time to
end up getting put into motion entirely keep doing the good work bro keep doing it
absolutely and you've got help here you know if you need help marketing it we're here every week so
uh welcome to come back anytime and yeah best of luck let's stay in contact and yeah let's
roy let's uh go out with you my friend thanks for setting this up for uh inviting mahadex
to the space and uh yeah let's close on yourself roy thanks again yeah mahadex looks like an option
which we don't have today so yeah come back check again we'll be live soon and list your products here
and thanks for joining eric sephiroth that's how you say your name right
yes sir cool maha thank you guys for having me Thank you.
