Announcing The Bitcoin Place – the Auction Website powered by Bitcoin!!(
http://www.thebitcoinplace.com )
The Bitcoin Place is a new twist on the familiar idea of auction websites. At The Bitcoin Place Concourse (our new auction site), all prices and bids are denominated in BTC; and more importantly, the site is dedicated to the maintenance of everyone’s anonymity—you share your information directly with your partner in the transaction, and NOT with anyone else.
Unlike other auction sites, which often require users provide credit card, banking or other personal information, The Bitcoin Place Concourse is dedicated to the idea that mature, responsible adults should have a convenient and attractive buy/sell forum, where they’re able to conduct their deals privately, with an absolute minimum of supervision. You’re an adult—why shouldn’t you be treated like one?
So, how does it work? Well, it’s easy enough—1. Sellers & Buyers register at the site, using a valid email address. At the same time, they also create their username for The Bitcoin Place. And did I mention that listing items is
FREE?
2. Buyers peruse the listings, and bid on the items in BTC (currently in 0.01 BTC increments). At the end of the auction, the high bidder wins. There are, of course, also set-sale “Buy Now” auctions, where the Buyer can purchase the item for a stated price, without waiting for the auction to end normally.
3. At the conclusion of the auction, an message is sent to the Seller, requesting payment of the site’s 5.00% commission for the transaction.
4. After the commission payment is confirmed, a message is sent to both the Seller & Buyer, containing each other’s email addresses. The Buyer and Seller are then free to discuss payment and shipping/delivery requirements between themselves.
5. Once those details have been worked out, the Buyer pays the final price to the Seller in a private, offline Bitcoin wallet-to-wallet transaction, or by whatever payment system they have agreed upon.
There’s a little more on the site’s policies at:
http://www.thebitcoinplace.com/policies.htmlI’ve put a couple of auctions in to get everything started, so I hope everyone will take a look around, and if you like what you see, we hope you’ll try us out.
(And I might add- since those of you looking at this post will be the first potential users of the site, you’ll get first crack at securing the good usernames, before someone else grabs them!)
Anyway—just wanted to let everyone know. If you have any questions, please feel free to post in this thread, and I’ll answer whatever I can.
We’re excited about the potential for The Bitcoin Place Concourse, and we hope to see all of you there!
That Bitcoin Guy
The Bitcoin Place.com
