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Hi,
Good news. BitFirst.net has been fully funded. Thank you everybody for the help so far. If anybody still wants to fund this project, please PM or contact below. Offer will expire in 7 days and ends Friday 20th 2014 GMT.
Please keep an eye out for the when this project runs live in the near future.
Thank you again.
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Proposed Buyers Area done: www.bitfirst.net/pages/buyers_areaSearch Settings option can be shown or hidden. Buyers can filter by item conditions, change to their local fiat currency, search by price range in fiat or bitcoins, view listings by Grid or list view, and filter shipping to country. |
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Proposal for Main Security Settings page done: www.bitfirst.net/pages/Security_SettingsIt has security setting for 2 Factor Authentication, IP Lock, Computer Lock and Time Lock. Proposal for IP lock settings done: www.bitfirst.net/pages/IP_Address_LockUsers can put IP lock on their static IP, their country, or manually add IP lock range. IP Lock can be customized to their entire account, or certain sections of their account (eg sending bitcoins). Proposal for Computer Lock Settings done: www.bitfirst.net/pages/Computer_Lock_SettingsUsers can lock their account or certain part of their account to their computer. Users also have the option to give access to more computers with the Add more computers button by entering the MAC address of their other computers. Proposal for Time Lock Settings done: www.bitfirst.net/pages/Time_Lock_SettingsUsers can lock their account or sections of their account based on Time Settings. This is good for outside business hours, sleeping or vacation. Users set their Local Time based on their timezone. Then set the lock time. Daylight savings auto adjust feature will be built in. Any feedback on User Interface or missing features, please post here or PM. |
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Redesigned finished for Buy bitcoins here page: www.bitfirst.net/pages/Buy_bitcoins_hereThe page as a simple design. Just 1 search bar - searches your country for any Offers to sell bitcoin in your country. Has the Seller's name, feedback/ratings/reputation, website or BitFirst store, Bank name description, Price selling, min and max Sell limits, payment type, and speed of service (48hr and 30 day average time of Seller to finalize trade). Clicking on the Headers of the column will arrange the column highest to lowest or lowest to highest. |
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Great article on how a startup became a success: www.coindesk.com/bitcoin-regulation-lessons-early-days-skypeRegulation is not a given
As a congressman in the US told me one day, something that looks like a duck and quacks like a duck must be treated like a duck. If Skype looked like a phone company and sounded like a phone company, then it must be a phone company. But Skype was never a phone company, and never will be.
There are many technical arguments as to why this was so, but the most relevant here is that Skype was simply a piece of software. It was a piece of software that was developed by a company and released directly to the users.
The users created the network and the existence of Skype as a network was independent of Skype as a company. Skype simply provided a part of the network.
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OP has been edited: To make things more easy to see - Donors are now called Pledges.
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I like this layout a lot more, but I really don't like that font. The prices look weird (since the numbers are all different sizes), and categories are a little odd as well for the same reason (although this is livable).
Are you using a windows machine? I've just tested it here and it looks like Linux is loading fine but windows is having a different look - both the font and alignment is off. I'm getting the Developers to fix it now. Re: Price size changed. Made them same size for the line that it is on. Removed Buy and Bid buttons as it was too messy. Now its a clean look. [Thanks for this feedback]. Re: Categories - The rank of the categories will be smart ranking. Based on popularity. The more popular the Listings are in that category, the higher that category will go up the ranking. So good category will move up and bad ones will fade away. The Category heading will have a link enabled to open the category listing and see everything in A to Z format. There are many Bitcoin Marketplace already exist...
Hi Coinbuddy, thanks for the comment. We've already got donation to do this proposal and to complete the roadmap with all milestones with time and cost estimates - so it will be done. Having said that, there is no other sites that do HD Wallets, Multisignature, Client and Server side encryption, decentralized, Users have full control of their private keys (and not the site), and best of all, Community driven focused. Thanks. |
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Redesign of the homepage is done. www.bitfirst.netBackground is grey to prevent brightness, and the main listing is white to attract attention. The text is black to the grey so its not too strong on the eyes, and the white text is not pure white as its too bright. The page is designed for mobile devices, so everything is bigger than normal, and the width is good too. The rest of the site will follow this theme. Thank you for all the feedback so far. Can you please check if this new design is better than the old one, and if anything can be improved? Thanks. |
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I wasn't even thinking about the judges being able to see the user's past ratings and reputation. To enhance this even more, the judge should be able to see how many times that user has been to arbitration (as the buyer and seller) and how many times they won. If someone has gone 50x and has won all 50x, for example, that's a great sign. Someone who has lost every time may be a bigger issue that needs to be evaluated by admins.
Yes correct. The Users that go into arbitration all the time and looses all the time will have a bad Rating/Reputation - so I am sure a lot of other Users would have filtered out those bad apples and wont let them buy or see their listings. Admins - they will not play a big role. It will fall into the hands of Trusted Community Members. This is a Peer to Peer Marketplace, so there is no room for BitFirst to have a big army of Admins as power will concentrate on the Admins, which is not the goal. Removing the bad apples will be another process - maybe you can think of a good system and suggest it after the system goes Live, as removing and preventing bad apples is a good feature to have. |
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As for the OP, can you leave the judges anonymous? This would go a long way towards keeping manipulation down. Basically the way I see it, the entire situation should be anonymous for both sides:
*User sees that there is someone judging. They know nothing. You could even name them User/Judge
*Judge sees the user's situation. They can't tell who that person is, they just know them as "User"
This would help a lot.
*Verdict by Voting style involving Trusted Community Members [anonymous and binding]* Yes Judges are anonymous - most likely Number ID that changes with each Dispute so nobody can track who they are. Their Reputation/Ratings will show, but ID is anonymous. This prevent the bad players from targeting the Trusted Members of the Community. User being anonymous would be interesting as you mention. Quite a good idea, thank you. User could be anonymous with only Reputation/Ratings shown with history of trades. I guess the more the dispute increases, the more information can be revealed. You can suggest this feature in the Community Roadmap once the system is Live as it will be a good feature. Please note that it will not cost anything to go into dispute resolution (prevent rich people vs poor people having access to same service). It will be in the interest of the Trusted Members of the Community to help the system stay healthy as without Buyers and Sellers, they would not be able to trade. This can help keep fees low and help scale up. |
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There is an inherent challenge with this approach. The wisdom of crowds is not always right. Trusted accounts can be manipulative or can exercise muscle. Besides, such a method will open the dispute resolution to prejudices and biases of individuals. How can you ensure that they remain cognitive in their decision making?
Hi kittucrypt, thank you for the insight and yes, you are correct on all your points. Re: Wisdom of crowds - Each Voter is its own - they will not see others. That is, the voters will not see other voters and will not see their votes. Outcome will be displayed once votes are all completed. So its the wisdom of the individual and not the crowd in this system. Re: Trusted accounts can be manipulative or can exercise muscle - True. It will be a random selection of Trusted accounts. Trusted accounts are harder to be manipulative compared to untrusted accounts. Exercise muscle is the whole put as they are trusted. When they break the trust, then they will not be trusted so they loose the privilege of having a strong reputation. Re: Besides, such a method will open the dispute resolution to prejudices and biases of individuals - If there is a better system, please share. This system is better than trusting 1 company and their employees to do the dispute resolution. There will be bottle necks as too many Employees to pay and fees will increase. Then you do not have to worry about the company having a change of management and being unfair to Buyers/Sellers. Re: How can you ensure that they remain cognitive in their decision making? - Its up to the BitFirst Community. The better the Members are, the better the Community is, and the more widely used the BitFirst.net Marketplace. The system is there to weed out bad players, so hopefully good players will stay and continue to trade. |
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Would it not be better to have an odd number of votes then (say 5)? This would ensure that there is always one person with more votes than the other. It can still lead to problems, but I think this is a better method than 4 total.
Yes it is 5 in total. Buyer and Seller have 2 appeals each - if it is a tie, then the last appeal (5) will be the decider. A special note is that each round, 1 or more Community Member(s) can check all evidence from Buyer/Seller. The Community members will be an odd number group, and each will have equal voting. Based on the feedback so far the site is going through a redesign now. The original goal was to complete the mockup of the site as fast as possible and get feedback with the concept, then go back and improve the User Interface. However, the concept will be put aside while site User Interface redesign take priority. Thanks for the feedback (@siarhei, @ranlo and @JessyMatt). Very much appreciated! |
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While I love the idea of the resolution dispute, what happens if there is no determination as to who is in the right and who is wrong? This has always been a fear of mine, or being proven "wrong" falsely.
Yes this is one of the biggest problem to solve. Both sides have 2 appeals (4 in total). If still 2 vs 2 outcome for Buyer and Seller, then last appeal is final (costs too much time as it can go on forever). Each round of voting will be different people and the number of people can be any amount greater than 1 person. 5 rounds of voting is a lot. Basically trade with your Peers carefully and select your Peers carefully. Put special filters on your trades and weed out the bad apples. The system will be strong with an excellent rating, reputation and filter system. When all goes well, everybody will be happy. If not, then the system can be tweaked based on the BitFirst community. |
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Updated Donors section in OP (in bold)
Donors will be given Bits for recognition for their kind donations, and will put into the Hall of Fame as recognition (It will be their Internet Name). Donors can sell their recognition to others if they wish. There will only be a fixed amount of bitcoins needed to get BitFirst to operating Live. Once Live, there will be no more request for donations so no more Bits will be given out. Donors will be given first come first serve basis, and their Bit allocation will given on a time weighted scale. This will hopefully get Donors in faster as the early Donors will be recognized more.
Formula: Bits = bitcons donated x (total days waiting for full donation - day number of donation) / total days waiting for full donation x total bitcoins donated
This means if Donor donated 1 bitcoin within 1 day compared to another Donor that donates on the last day, the one donated first gets more Bit recognition.
The BitFirst Community will also give incentives to Donors for their kindness.
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What do you really mean by 3rd key with the community? For this to work well, the key should probably be with the website and not out in the community.
Hi kittucrypt, Thanks for the message. All private keys will not be on the BitFirst website itself. They will be on different servers with different domain names, and these will also be client side and server side encrypted, so server will not have access to the private keys. Servers will call one another, so even though Users are on the bitfirst.net site, it can call to different servers with different domain names (so they can access directly with bitfirst.net or the other allocated domain name). So the private keys are in the BitFirst community network of servers (decentralized, distributed and encrypted). 3rd Party - BitFirst Trusted Community Member Community Members will be anonymous to Buyer and Seller Only used when Buyer or Seller request Trade Dispute 3rd Party will find best outcome for Buyer and Seller If Buyer or Seller not happy with Trade Dispute outcome, they can request Resolution Dispute Resolution Dispute More Trusted Community Members will be Called upon Community Auditors will investigate both Buyer and Seller Additional questions will be requested and Answers should be given Community Jury will be called upon to vote They can request additional information for Auditors to investigate If Buyer or Seller still not happy with outcome They can request 1 more group of Community Jury to vote Each Buyer and Seller can request 2 Dispute each Max dispute for each trade is 4 times If both Buyer and Seller have even outcomes 5th Round of voting can be requested and it will be final and binding Both Buyer and Seller cannot interact with each other again to prevent future problems Verdict by Voting style involving Trusted Community Members [anonymous and binding] |
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Hi Bibop, yes the secure transfer of goods will be 2 of 3 multisignature HD wallets. HD wallets mean that Seller has 1 tree for each Buyer, and that Buyer whenever they pay, it goes under that tree. Each Buyer is a Tree so all transactions will be structured and easy to see. The 3rd signature will be the BitFirst community. A kind of trust system based on reputation. If you have ideas of design, please share.
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Updated Donor section:
Donors
There will only be a fixed amount of bitcoins needed to get BitFirst to operating Live. Donors will be given first come first serve basis, and their Bit allocation will given on a time weighted scale. This will hopefully get Donors in faster as the early Donors will be recognized more.
Formula: Bits = bitcons donated x (total days waiting for full donation - day number of donation) / total days waiting for full donation x total bitcoins donated
This means if Donor donated 1 bitcoin within 1 day compared to another Donor that donates on the last day, the one donated first gets more Bit recognition.
Hopefully this is fair for Donors. Start date of Donations will commence once mockup is done and time and cost estimates are finalized.
Please follow twitter @bitfirst to be notified of the start date
or watch this thread for updates.
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