Bitcoin Forum

Hello all, I am here to announce DudeAmI's Altcoin Escrow!

Fee: 0.1% for each party during beta

Website: https://escrow.dudeami.com/ (https://escrow.dudeami.com/)
Public Trades/Exchange: https://escrow.dudeami.com/exchange/list (https://escrow.dudeami.com/exchange/list)

Whats this for?
This is for when you want to Buy/Sell cryptocoins for other cryptocoins, but adds a trusted middleman. Say you setup a trade with John, 100 LTC for 2.5 BTC. Normally, you'd just send the litecoins and hope that maybe some day you will see the bitcoins in return.

So whats beta mean?
Beta means stuff may go wrong (and assuming Murphy's Law, will), so be patient and prepared to email me if things do go wrong (Look at OMG OMG I HAVE A PROBLEM below). I have tested this code quite extensively so I believe it will work.

So how does your escrow work?
Now lets say you have the same trade with John. Instead, you go to the escrow and setup a new trade, enter 100 LTC for 2.5 BTC, enter your BTC address and LTC return address (in case things don't go as planned), and create the trade. The site will give you a URL to send to John, where he enters his LTC address and BTC return address and accepts. Now the site will update with addresses where you deposit your coins. Once both deposits are made and confirmed, the amounts get sent (BTC to you, LTC to John), the trade is complete, and both sides are happy!

At any time before John accepts, either party may cancel the trade by clicking decline.

Any fees?
For the beta, 0.1% fee on all transactions. After the beta, I have determined a fee of 0.5% would be acceptable.

Sounds good and all, but how can I trust you?
I won't deny I am new to these forums (very new), and I have 0 reputation around here. All I can do is say I'm not here to scam anyone, and I wouldn't put a week+ of work into this if I did.

OMG OMG I HAVE A PROBLEM!
Email dudeami0@gmail.com right away! I'll watch this topic, but an email will get a much more prompt response.

Supported Currencies:
BTC (Bitcoin)
LTC (Litecoin)
PPC (PPCoin)
FTC (FeatherCoin)
BQC (BBQCoin)
BTB (BitBar)
YAC (YACoin)
TRC (TerraCoin)
CHN (CHNCoin)
NVC (NovaCoin)
JKC (JunkCoin)
GMC (GameCoin)
ELC (Elacoin)
PWC (PowerCoin)
RYC (RoyalCoin)
WDC (WorldCoin)
GLD (GoldCoin)
MNC (MinCoin)
NIB (Nibble)
NMC (NameCoin)
DVC (DevCoin)
DBL (Doubloons)
FRK (Franko)
BTG (BitGem)
DGC (DigitalCoin)
PXC (PhenixCoin)
LKY (LuckyCoin)


Note that the backend is designed to easily/quickly support new coins! Let us know if there is a coin we missed at dudeami0@gmail.com and we can probably get it added. Note we compile all the coins from source, so no source = not here.


Any comments or questions feel free to ask!

fun :)

First exchange for GLDCoin, awesome!

Smart move!  Good luck! 

cool will dump my RYC

Great. We need more exchanges, good work!

Not to accuse you, but week+ work for a lets say 100+ or maybe 1000+ BTC is quite a nice payout if you were a scammer.

I'll be waiting to see some comments on how this is working and will base my final opinion on the feedback.

looks more like escrow service then market, or Am I missing something ?

Quite cool project, you forgot Doubloons though. And FC2. Oh and Bitgems. ;D

ill try it first  ;D

here is my trade link it created

selling 50 WDC for 1 litecoin

http://exchange.dudeami.com/trade/view/sYURDezUuH5kccNkMXSkFjaGLdju1X (http://exchange.dudeami.com/trade/view/sYURDezUuH5kccNkMXSkFjaGLdju1X)

More of an escrow service than an exchange, but this is still very cool

I understand, and that is your choice. As this is a beta, I encourage people not to send large amounts of coins as well.


Its an escrow service basically, I choose exchange while developing it and havn't really changed it. I might if it causes too much confusion.


Link me to the sources for these and I'll look at adding them. Last time I looked FC2 didn't have any sources available.


Let us know how it goes!

Added a WTB 1000 WDC for 30 LTC here
http://exchange.dudeami.com/trade/view/QRH1s4eoo1X5VGpyjpPlBenjyB4rW7

Anyone ?

very nice! thank you for adding GLD

You may want to add a section for public trades. That way it would be more of an exchange.

Is the trade locked once I've entered my adresses?
Do I pay the transaction fees even if the trade does not succeed?

Maybe add the possibility to reopen a failed trade before returning the coins.
And maybe add the exchange rate, so that you don't have to calculate it manually.

I'll look into the service, but can you go in depth in regards to explaining your security measures. As many details as possible would be great. Don't want another huge hack to ruin other altcoins. Also, look into adding MinCoin (MNC).

Deal is on!

i see the page has changed... waiting for confirmations , looks good so far, i like the lay out . This site is pretty nice so far.

Selling RYC (small amount) for LLC at 1 RYC/ 0.0133 LTC

http://exchange.dudeami.com/trade/view/OiOWXNKiw2JRzz9KV7dui740SR1gzh

Yea just slow LTC confirmation left.. the 1 hour expire timer might be too low ;)

Well I feel callous.  Site looks nice.  Interesting style for trades.

so if I want to sell 10K gldcoins how much LTC do I ask for? do I put in any amount or is it calculated automatically?

For now I am going to leave it as an escrow, changing names/urls at the moment (old ones will still work). I might add exchange functionality later but this is not in the short-term.

A trade is locked once the other party hits "accept". If either party hits "decline" before then it will be marked as such and nothing further can be done. Transaction fees apply in the even of a refund, but only the network fee (the escrow fee is refunded as well), as we can't send your coins without the fee.

Right now the refund system is to avoid having large amounts of coins sitting in the escrow at one time. If you want to reopen the trade, just start a new one.

By exchange rate, what do you mean? If you mean pulling from BTC-E or similar, this could be done but would have to be a future addition. If you mean the fee, this should be shown to you during the create a new trade screen.
Doh, forgot to add this to the code. Once both transactions hit 0 confirms it should remove the timer, I'll add this shortly (at least to the backend ASAP).

fun fun

I will send: (4 confirms). :)

I was going to test your service but no devcoin support either. You should add the older coins.

Really hope this works out, OP. We need more exchanges, even in the form of escrow services.

You need to add a email notification system also, i need to be able to get some alerts when things happen.

+1

For dev coin I failed to find the sources for it, send me a link to them and I'll get it added. I will be adding more coins!


Good idea, I'll work on this.

Makeshift email notification

7/10 confirmations, then it will ask me to send., standing by with my wdc wallet open  ;D

Cant you send before my confirmation hits 10?

http://sourceforge.net/projects/galacticmilieu/files/

http://exchange.dudeami.com/trade/view/sfZUDA9gLS9loBW3HH0Y6Jh2XevgOc

You do realize that once someone views that link they can cancel the order? This isnt market ordering. This is a p2p trade system with the service as the middleman. Send a link directly to whom you are selling or buying from. Don't post them everywhere.

sucks that anybody can cancel an order...oh well, fun while it lasted...

It looks like it made me wait untill fist payment was confirmed fully, i refreshed the first page where i created the trade, and then an address for me to send to was available. just sent them a minute ago. Is this how it is working OP? It makes sense so that way...

Wow just got my LTC. Thanks!

+1 for the site

About to make some more trades

Need to have 2 kind of deal options then.

And i retrieved my 50 WDC :)

Sort of the point of testing it out...to realize.

I want to use this for devcoins so badly. Along with MinCoin.

The URLs were really meant to be sent in private.


Glad to hear it went well :) The other party have anything to say? Nvm

Shouldn't be the too hard to make it list all trades available and make it an improvised exchange... I think you should do that

If the trade is e.g 75WDC for 1.5LTC you could display the rate for 1LTC or 100WDC (which is typical for these kinds of trades). That way the buyer does not need to check manually if the rate is correct.

I will try to have this added in a new version soon, right now I am making sure there are no bugs with the trading system and that everything runs smoothly.

Sure thing, should be highest priority

Updated the site to remove the timer once both sides have sent a transaction (0+ confirms).

Bad idea

Will you provide bounties for exploits found?


This isnt an open market exchange. It's a p2p style exchange.

Sell order 300 WDC for 9 LTC

PM me for exchange address link

I changed some of the language and added some warning to get this across. I will consider adding a exchange-like function to the site, but that will be down the road.

I think leaving it as a private exchange would be good as it is, but such a feature would be helpful. Essentially your service is just an escrow.

trade has been accepted for 300 WDC to 9 LTC

i noticed that i was watching /refreshing the wrong link. the seller gets their own link with an address to send to. i sent the payment to escrow first this time. so the system can work either way. great escrow. top notch job

so if it hasnt been clarified, watch only the first page you go to when your selling, and the buyer only needs to refresh the buyer link. good system. creates a decent security with each person having their own link.

i assume this prevents someone canceling my sell order with the buy link? that must just cancel their option to buy?

+1

Private links working good for me

+1 Best news in days this service is :)

Either party declining the offer will close the trade. I might remove the decline option or add an option for 'Public Trades' where the decline button is only for the user offering the trade.

Public direct trading. Nice! I like that. Better than implementing an orderbook. Basically an escrow exchange with that feature.

+1 on that.

You just created a service that alot of people have wanted. It works smooth for now. Done 3 trades already.

yep, another quick trade.. bookmarking this site  ;D

Glad you guys like it, always nice to see happy users :)

You should add a auto reload on the client page. and it should have a big DEAL complete in green when both parts have been send the goods.

I am thinking of adding ajax, would be simple enough for the view page. I'll get on this shortly.

want to buy 500wdc for 10ltc Pm for trade url!

Adding NameCoin, DevCoin, MinCoin, and Nibble. Block chains are syncing, once they are done I'll enable them on the site.

Great stuff

You forgot about Doubloons ;)

Got a link for me? I'll look it over and add it

https://bitcointalk.org/index.php?topic=206361.0

I wish this escrow was here 2 days ago when I got scammed for 20ltc

Got a currency code, DBL?


Sorry I was too late!

Its DBL yes

Following coins have been enabled:

MNC (MinCoin)
DVC (DevCoin)
DBL (Doubloons)

Great work :)

Best service in a long time

Firecoin2 info
https://bitcointalk.org/index.php?topic=205243.0

could you add bitgem https://bitcointalk.org/index.php?topic=207008.0

Devcoin and Mincoin added? You have my business now.

More coins have been enabled:

NMC (NameCoin)
FRK (Franko)
BTG (BitGem)

As a note for those asking for nibble, I have tried to get it synced but its stuck at block 12094. Not sure how to resolve this, so it might take a while to get added.

Working on some additional features now, hopefully done within a few hours.

Edit:

Another coin added, DigitalCoin!

Just wanted to let everyone know, public trade URLs are now online! Just check the option and the other party won't be able to cancel the trade (read the warning though to avoid wasting coins with refunds!)

Nibble is now enabled!

Last spam/bump for a little while, ajax has been added to the trade page, so it will automatically update every 10 seconds. Email is ready to be added, just having some issues with the server sending mail (might be delayed for a while).

Great, spamfilter friendly email would be nice :)

I will hopefully get this going before the weekend. I am also working on a few other things:

- User Accounts
- Public/Exchange-style Trading:
Public trades will be added to a page in exchange-like style. This is live feed of current buy/sell offers where a user can pick one and accept it. If the user doesn't want the full amount, he can counter offer with a partial trade at the same rate (1000X to 1Y = 100X to 0.1Y). Counter offers/Partial trades will have to be accepted by the originating party due to extra transactions fees. Both parties will deposit once they agree on a offer/counter-offer, and then delivered or refunded.

Also some stats! 9 Trades have been completed, and we've moved a small amount of coins:
litecoin: 139.01
worldcoin: 4650
goldcoin: 520
mincoin: 15

Just wanted to let everyone know we had a little down time. Currently everything is almost back up and running, except for the following coins:

bitcoin
litecoin
bbqcoin
namecoin
devcoin
bitgem (updating)

I will update this post when everything has been resolved. There were no active trades during the shutdown/crash.

Edit: Also, PhenixCoin has been added!

Update: Everything but bitcoin is up.

Update 2: Everything is up!

Just an update, there was a tiny bug I was notified of earlier today with the create new trade redirecting to the homepage. This has been fixed, sorry for any troubles!

It seems as if your service is currently down....

Can you explain in more details? http://downforeveryoneorjustme.com/escrow.dudeami.com says its up, and on my side I can create trades.

EDIT: Its jumping from down to up. I'll look into the issues, thanks for the report :)

Email notifications are now live! There should be an email in the event of:

Other party accepts terms
Other party declines terms
Other party deposits coins
Both parties deposited coins
Coins sent
Coins refunded

A basic Public Trades/Exchange feature is now online, check it out: http://escrow.dudeami.com/exchange/list (little empty right now).

thx. dudeami   http://exchange.dudeami.com/trade/view/xCWjH03b8GZ3flVIOLxxn2RsrtRtzk

please add BTE-bytecoin

Update everybody, I had a bug with accepting trades (>.<), all is well now. I'll be moving the server sometime tomorrow I hope. I will be disabling creating new trades before I do. Once the server changes, the old server will be left up to process any lingering transactions (refunds included).


I've tried, but when compiling it from the github repo it gives me bitcoind that syncs with bitcoins network :S

Whay always down when I want to use it.

Sorry for the downtime. Everything is back online on our new server! Also enabled cloudflare for some extra protection and speed.

Please add USCoin. Thanks in advance!

I'll add it soon, but its not really compatible with my automated system, so it wont be too quick (tomorrow maybe).

http://escrow.dudeami.com/exchange/view/phenixcoin/bitcoin

impressive! keep up the good work!

Thanks! There are many changes to come, this is just the start :)

Added SSL for secure connections, all future requests will automatically use it. https://escrow.dudeami.com/

looks like a legit service - i want to add it to our forum page for nibble , can you change the code to NBL

we kinda changed that and didn't tell everyone ! sorry : )

congrats on the good work, hopefully more people use your service to stamp out all these dirty dog scammers

I'll get this done tonight sometime, I'm kind of tired at the moment (was on my feet all day).


Thats the goal :)

I nominate this for a sticky. Good to have competition between you and Cryptsy

I wouldn't mind being stickied :p More traffic would help, right now the service really isn't being used (Last trade was yesterday). I'll continue to work on it though, but may need to get some testers to help with new builds (especially after I bugged accepting trades >.<).

So, no one is interested in this service? Has to be someone out there :)

Everyone is bagholding and hoping for a rise in the value of their currencies. If they want value, they need to spend them.

This is probably true, the recent influx of alt coins might not be helping either. I do however need to continue work on it as well, I'll have a few features to release tomorrow!


Done, sorry for the wait!

A free escrow service was already being provided by the Phenix Group.

http://www.youtube.com/watch?feature=player_embedded&v=d4QrgANfjQ8

http://www.phenixst.com

I hope you realize people will lose all respect for you. Don't advertise against people's services in their own thread. Its unkind, and unwanted.

As a trader I know I would want to know of any alternative that was free. I don't have any affiliation with phenixst.com and was only looking to help others with something I found that works for me.

I understand your viewpoint. Make a new thread for your advertisement.

I already know of phenixst.com, and I hear its pretty good minus the occasional bug.

Also, as jaywaka2713 said its generally not respectful to advertise in another topic (The large font doesn't help). I do support alternatives though :)

It's nice that you have an open opinion to this, however I would not like advertisements of competitors on my threads LOL.