OnionBC is back with our before announced escrow!
We created a new topic for discussion about it on https://bitcointalk.org/index.php?topic=153967.msg1631790#msg1631790


Hope you enjoy,

OnionBC Admin

Finally after a long time of development we are glad to present our new feature for OnionBC eWallet users:

The OnionBC Escrow system.
onionbc3navouar6.onion


How does it work?

Well, basically it works like the escrow systems of well known market places. We now want to offer this feature for users who don't want to act on these market places and offer their products on self setup hidden services.

1. If you want to offer OnionBC escrow to your customers simply signup for an account on OnionBC and give your user name to your customers.
2. The customer starts the escrow transaction by entering your username, the price and a comment into the "start escrow" form in his account. From then on the Transaction will show up in your account. Until you take action, either you or the customer have the possibility to cancel the order at any time.
3. You deliver the specified item and notify the customer by setting the status to "in transit".
4. The customer checks the products quality upon arrival and either releases the payment to you if he's satisfied, or - if he's not or the product doesn't arrive - enters the resolve center to tell you his problems.
5. From then on both parties have the possibility to come to an aggreement within an formerly specified timeframe. If this doesn't happen the transaction is reviewed by an admin.
6. The admin gives both parties the possibility to express their pint of view and then decides after reviewing the information.

What are the fees?

In the entry phase there will be no fees for escrow transactions. We will add a fee in the future.

Who is the admin?

Currently our team will decide about disputes but a feature to choose an admin for the parties is already implemented. We just aren't clear about a system how to choose the admin without favoring malicious activity.

When is the service available?

The new feature is launched now! Please feel free to visit ... and test the service! Please feel free to contact us if you have any problems or find any bugs.


regards

OnionBC

Sorry for my delayed response, I was a bit busy the last week.


Some people simply feel safer in an highly anonymized environment like TOR. Of course you can use TOR for anonymization for the clearnet as well but when doing this it reveals a hand ful of weak points. Next thing (btw. it will be launched approximately in two weeks) is that with a view to the escrow system we feel much more comfortable with the thought that the server IP remains hidden due to the rendezvous point system of TOR hidden services. This makes the service almost completely immune against governmental intervention.


The coins are forwarded through an external wallet which already contains a large portion of "clean coins". The coins inside the external wallet are mixed manually with external services once a week.


For transactions made through our soonly launched escrow system we will charge a fee of 5-10%. This should be enough if you think of the high amount of transactions which will be handled by the system - a service like this is really missing in onionland.

Thanks for your opinion and I hope I could answer all your questions.

1) We're already discussing about that. As soon as we have released the escrow system we will start to build up a system with javascript based clientside wallet encryption.
2) Imprint will be added shortly.

Thanks for your opinion.

I just can say again, we are NOT TORwallet. Dread Pirate Roberts could easily run off with all the money in silkroad, too. But he doesn't, because it's something big. Our escrow system will be something big, too, you will see.

It unfortunately turned out as another onion scam. As already mentioned you principally
shouldn't trust any eWallet because it's easy for them to run of with the coins but I have
to repeat, we do not intend to scam anybody. We've been around the TOR network for a long time
and all the scams in there become more and more annoying. With our escrow system we finally want to
provide a service where customers can do trades in the TOR network anonymously without getting
scammed and without being restricted in their possibilities by any administration (like it's
the case on silk road).
Of course it's hard to trust anons but at least we have deserved a chance to show our intentions
are good.


We could so but I don't see any reason for this that makes sense to me.

1. In the TOR network are many scammers around and revealing our source code makes it very
easy to host a copy of our page and use it for scam or phishing.
2. There are many hackers around, too, and revealing our source code gives them
the possibility to analize the structure of our service and possibly find weak points in it.
3. Even if we expose our source code we could change it for the public and host different code
so I don't know what advantage this should be for you anyway.

If you give me good arguments against my points, you maybe can persuade us to do it

They are routed through another wallet which already contains a large portion of coins.

A transaction history including time/date, number of confirmations and receiving/payment address. Maybe not worth mentioning it


We charge a transaction fee of 3% for anonymous payments and we currently work on an automated escrow system to give people trading outside the silk road or bmr the possibility to insure their trade. For this service we probably will charge a higher fee of 5-10%. It will be launched soon.

We don't intend to scam anybody! We just want to contribute a nice service to the TOR community. We will shortly launch an escrow system as a new feature to allow TOR users to do trades without getting scammed. We don't plan to run off with any money, we will charge fees for escrows and anonymous payments and that's it. Of course it would be easy to run of with the money but we intend sth bigger in the future.

It's the same like with every eWallet: You shouldn't trust any of them and you shouldn't send many coins there. We're just asking for some feedback for our service.

Once again, I hope I don't do anything wrong this time 

My name is James and I want to present you a early version of our new project.


OnionBC is a browser based Bitcoin wallet operating as a hidden service in the TOR network only. We recently launched it and would be glad to hear some of your opinions, wishes and improvement proposals. We will always be reachable in this forum and continouosly implement new features.

Featurelist:

• Bitcoin mixing (laundry) via anonymous payments
• Detailed transaction history
• Multiple receiving addresses
• No logs about any user activity

Currently planned features:

• Escrow system

Please feel free to signup, test our service and give us some feedback! We're looking forward to hear from you guys.

Reachable only via TOR: http://6fgd4togcynxyclb.onion

regards
OnionBC team

Thanks for testing, please let us know your opinion 

Hi,

my name is James and I'm the chief developer of OnionBC. I think, I started a bit wrong in this forum. We currently launched a early version of OnionBC an online wallet realized as tor hidden service.

I hope, the community gives us a chance to build up confidence over the time. I'm looking forward to contribute to the community.

greetings
James

Of course, if you tell me your username, I can do this.


The admin deleted it, because our profile is in newby status I think. Please see the link in my profile (the little globe on the left side of my post)

You will see, we will build up confidence in the community over the time. The project is just in the beginning and we plan to expand to the clearnet in the future. We're looking forward to hear some feedback from you guys about our service.

Thank you very much I'm looking forward to hear your opinion.

Hello,

I'm the chief developer of OnionBC, an anonymous online Bitcoin wallet operating as TOR hidden service. We just launched our service and I would be glad, If you could take a look at it and give us some feedback.

Feature list:

• Bitcoin mixing (laundry) via anonymous payments
• detailed transaction history
• multiple receiving addresses
• no logs about any user activity

Our service is only accessible via TOR. Please feel free to register and try out our service.



thank you so far
OnionBC