Bitcoin Forum

BitScrow is a new person-run escrow service (Unlike the automatic counterpart, BitScrow), for transactions involving Bitcoins and Litecoins. The fees for the service are stated below

Bitcoin Fees:

<.05 BTC (1.5% Fee)
.05-.5 BTC (1% Fee)
>.5 BTC (.75% Fee)

Litecoin Fees:

<2.0 LTC (1.5% Fee)
2.0 LTC-20.0 LTC (1% Fee)
>20.0 LTC (.75% Fee)

Please visit my website www.bitscrow.yolasite.com and go to the "Contact Us" page to use the service! Thank you!

0 posts, cant afford $0.99 for a domain name.
No thanks.

agreed, Id recommend users stay away. Kinda disappointed tho he took the name I was planning to use for my escrow service.

Here is the "official" escrow list (https://bitcointalk.org/index.php?topic=108716.0).

Bookmark it. 

Bitscrow.com was taken, but thank you for the negativity. I'll prove you wrong later

And im also about to apply to the escrow list. Its sad how nobody can start something up in this community without being bashed down right at the start. Quit being so stubborn.

Uh, that's better now.

It is constructive criticism and a bit of due skepticism. You have 0 feedback, 0 posts, nobody knows you and as some other users pointed out you don't even have a domain name.

There are two possibilities:
-You are scamming
-You are legit but don't know how to get people's trust, such a beautiful quality for an escrower...

I know I have to post around a bit and whatnot, as well as start small and then gain more trust. This is simply just an introduction.

You want to hold peoples money, but you cant bother to buy a $0.99 domain name.
Not negative at all.

Please direct me to the place in which you find .99 cent domains :)

Newbie running escrow, lol.

IMO an escrow service is the hardest to start from scratch. It is basically required for you to have either
a) Some existing trust - I don't care if your account is new because you want the name, but I do care if/that you started or have previously run a verified or trustworthy endeavor.
b) Some publicly verifiable recourse options for people entrusting you - address, name, phone number. Like you said you're offering it as a person, so who is that person and how I know you won't run off?
c) History. Kind of like a), this is like btc-e which *I* trust (not that you should, make your own judgments). I understand their desire to be anonymous, that's fine by me.

Just my 0.0002 BTC.

So, let's see.

You stole the name of your scam from Joe S. White: http://sourceforge.net/projects/bitscrow/

You stole the logo on your contact page from /u/nagdude: http://www.reddit.com/r/Bitcoin/comments/1a03gu/as_a_3d_artist_this_is_my_take_on_the_bitcoin/

And you stole the logo on your main page from archambault on fansshare: http://german.fansshare.com/gallery/photos/12413980/bitcoin-btcbible/?displaying


And that makes you trustworthy how exactly?

If you would have come here posting about a new escrow service saying how you have trust, or are willing to give your personal Id out to anyone who asks or prove who you are then it would be alot easier. You just come posting a site with out even a real domain and expect to be praised?

Answer to C is:


my original account is nkocevar, but I was driven away because people dont seem to trust 16 year olds, and people thought I was scamming, but really I was just a Bitcoin Entrepreneur with an early start.

Are you 16?

He is indeed 16 and apparently completely unaware on how close he is to fucking over his live offering services as an unregistered money service business

Yeah, I think he should make some other way to get money.

Must you be registered as a Money Service Business to conduct services with a currency such as Bitcoin? When the money will be kept in bitcoin until the Bitcoin price rises again?

Alright I respect that. Here's some free consulting for you:
1. Get your own domain name
2. Allow your potential users to submit 'forms' instead of the open-ended 'contact' form. Also don't call it 'Contact', call it "Request for Escrow" and take down all the information you need without the user having to write some open-ended question (although do make that optional if they so choose).
3. Get out of the US. In fact, stop offering your services right now until you register your potential 'company' off-shore and as a business entity. You're in the wrong place to do what you want to do.
4. Don't put 'Testimonials' section up until you have some.

Thanks! New members should use this list as an escrow list. There you can give a trust!

Remember pay taxes when trading btc to dollars ;)

Could you explain number 3 in detail?

*grumble* only cause I'm feeling nice. Feel free to throw me a trust score :)

You don't have to physically 'get out'. Just register a company somewhere outside of the U.S., such as Panama, or preferably any country that is bitcoin friendly. Isle of Man maybe? Different countries have different registration requirements, but usually the cost is minor <$1000, if not even <$500. Then you register a domain under that company's name, and basically everything you do it's just your 'company' that does it (aka company email, taxes if applicable, etc.)..

Orr, a NOT RECOMMENDED but what I would personally do in your situation is operate as anonymously as possible like btc-e does where you register some domain in some random country then host in some other random country, using only bitcoin as payment and I HAVE A FEELING throwing a fake name on the ICANN domain registration (not sure what btc-e does, if anyone wants to chime in how they do it, go for it). Btw it's technically illegal to put a fake name on a domain registration but your site can be easily cloned and put up again in another jurisdiction. Your trust comes from fulfilling orders successfully instead of operating by government rules IMO, and that's what I would be looking for in this type of service. In fact, some services LIKE BTC-E are better off off-the-radar and I would consider more secure because of that..

Let me know if you have any other specific questions, but do note that I am no way a legal adviser nor am advocating you take any course of action. Just sharing some wisdom for a fellow free-thinker.

Thanks a lot. This is my personal account that I'm going to use from now on. Im still going to do this small scale though. All money I make will be taxed once I trade the BTC for cash... I already have a job, so I already get taxed.

Have any success yet? I see you have a nice domain name unlike me  ::)

Thank you! There was some nice info for me too!

Awesome man! Glad to hear it

Get a premium domain. Check godaddy which offers .99$ when you buy your first domain. Then download your template and install it. Then look for people with small transactions to be done. With time, people will know you can be trusted and will start giving bigger contracts. Otherwise, no one will trust you

Thanks for the tip! I'll check into it!

Nice to see how serious the community is  :-\

"You received a Contact Us submission from BitScrow:
 
Name    Mike Litoris
Email    mikelitorisisawesome@gmail.com
Transaction Requests    I am selling golden dildos to a guy.
Transaction Size    >.5 BTC (.75% Fee)
Would you like to leave positive feedback on Bitcointalk.org after the trasaction is complete to receive 10% back?    Yes


-------------------------------------------------------------------------------------
You received this form submission from your site powered by Yola.com.
If your form responses are blank or contain spam you can combat this by adding Captcha. Learn more ›
If you need help with your form, please contact customer support."

Whelp this just failed. Not only did you post the guys email, it shows you cannot be trusted with privacy of your users and their inquiries.

I suggest moving on at this point, you obviously have the wrong mentality for an escrow.

The guy was probably testing you anyway, and you just failed.

Had it been a real submission, I would not have done this... The only information I gave out was an email address... What upsets me more is that this was probably you.

Wasn't me (honest). But the point stands - what if he IS selling golden dildos? Who are you to judge what he is selling. That's the whole point of an escrow service, a neutral, unbiased trusted link between 2 parties and their transactions. The guy (or girl) could have been some gay camwhore selling his videos online to some other random guy - that should not phase you. If it does, then you shouldn't be operating an escrow service. Anyway, good luck either way, consider it a lesson learned.

It was clear from the first post this isnt a serious or trust worthy escrow serivce. I highly recommend not using it.

its amazing today is his first day on this forum and he is going to start a escrow service just because of this many members believe newbie jail was better then current system

That list isn't exactly up to date.  Several of the people listed on there are no longer available for escrow.  Do your own research.

Will it ever be updated?

I sent an email to him, but that is a pretty old list so I sort of doubt it.

Here's a more recent list, although updates are needed as well:
https://bitcointalk.org/index.php?topic=276897.0

Yes, despite how you want to put it you are far from trustworthy. I wouldnt trust or your site. The fact that you took images as stated previously and you even publicly posted an email address shows the lack of seriousness.

bump... looking to make a repuation :)