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Author Topic: We need a new escrow service  (Read 1704 times)
grue
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June 24, 2011, 09:11:34 PM
 #1

Now that clearcoin is closed, we need a new escrow service. Any ideas? Should I (or someone else) make a clearcoin clone, and add some additional features?

It is pitch black. You are likely to be eaten by a grue.

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BTCrow
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July 08, 2011, 01:13:41 PM
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Now that clearcoin is closed, we need a new escrow service. Any ideas? Should I (or someone else) make a clearcoin clone, and add some additional features?

Hi, I'm the founder and owner of BTCrow.com. This is exactly what you search for.

There's also the official BTCrow thread here:
http://forum.bitcoin.org/index.php?topic=21544.0

billyjoeallen
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July 12, 2011, 05:05:26 PM
 #3

Hey, BTCrow.com guy-
Escrow requires a TRUSTED third party. We know and trust Gavin. Who the hell are you? 

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BitQuestr (BitCoinWorldMarket)
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July 12, 2011, 05:36:59 PM
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So far he has been pretty active on the forum communicating with members and great at taking feedback.

Instead of being so abrasive perhaps suggesting that he create more transparency behind his company on who the owner is would be more effective.

There are going to be thousands of new business in bitcoin opening over this year, most of them new members to the community. Gaining bitcoin holders trust with their money is going to be an important step. Hopefully we can be encouraging to new business owners rather than treat them with disrespect.

So far there has not been a single complaint about BTCrow.com and he really has the only other escrow service available that I know of.

Good luck to BTCrow and I hope you do offer more transparency on the identity of the business behind BTCrow.

Kind of ironic we all want to be able to use anonymous escrow but we demand to know the identity of the owner. I doubt knowing his identity will make it any more or less trustworthy in reality. Only time and a history of reputable business practices will create real trust.
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July 12, 2011, 07:04:39 PM
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So far he has been pretty active on the forum communicating with members and great at taking feedback.

Instead of being so abrasive perhaps suggesting that he create more transparency behind his company on who the owner is would be more effective.

There are going to be thousands of new business in bitcoin opening over this year, most of them new members to the community. Gaining bitcoin holders trust with their money is going to be an important step. Hopefully we can be encouraging to new business owners rather than treat them with disrespect.

So far there has not been a single complaint about BTCrow.com and he really has the only other escrow service available that I know of.

Good luck to BTCrow and I hope you do offer more transparency on the identity of the business behind BTCrow.

Kind of ironic we all want to be able to use anonymous escrow but we demand to know the identity of the owner. I doubt knowing his identity will make it any more or less trustworthy in reality. Only time and a history of reputable business practices will create real trust.

He is obviously NOT great at taking feedback or we'd know who he was by now or at least have some reason to trust him other than "no complaints so far."  Christ, you actually think a month of being active on the forum is sufficient proof of trustworthiness?

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BTCrow
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July 14, 2011, 03:44:11 AM
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Only time and a history of reputable business practices will create real trust.

Hi, thanks to point this out, As I said in forums and other blog comments etc, I know this will take time to have trust of others but I know that one thing, help people and people will help you grow your business while enjoying it. Yes so far I didn,t got any complain and will do everything to not have a single one. This don't prove trust at 100% and I'm completely aware of it.

He is obviously NOT great at taking feedback or we'd know who he was by now or at least have some reason to trust him other than "no complaints so far."  Christ, you actually think a month of being active on the forum is sufficient proof of trustworthiness?

Yes of course I do have a name lol. But transparency... hmm ok could give a name then will you tell me that I lie ?

My name is Jules Bedard, from Quebec City in Canada. I did a request to google to add my business location to google local business center but I'm still in the process of thinking if this is a great idea to reveal it or not. Because I don't want people knocking at door or calling all the time while I have other project. And as a computer security guy, I don't want to let possibility to malicious people to physically steal my things or other people money. Everything is in a secure place of course but unless I have enough customers to open a physical office in my town.

Let me know if you have others suggestions and you can also post them into the official thread that other people could also reply and see what's happening with BTCrow.

Thanks

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July 14, 2011, 06:25:59 PM
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He is obviously NOT great at taking feedback or we'd know who he was by now or at least have some reason to trust him other than "no complaints so far."  Christ, you actually think a month of being active on the forum is sufficient proof of trustworthiness?


Wow...that is completely opposite of what bitcoin and cryptocurrencies in general are about. How does knowing the guy's personal identity determine how he runs his business? He could be Jesus Christ and I wouldn't use the service if he had lots of complaints.

Likewise, he could be Ted Bundy, using a prison library computer, and I WOULD use his service if it has a good track record.


Judging business on personalities is an outgrowth of fiat currencies and socialism/Marxism. In the anonymous free market that bitcoin provides, reputation and competency are all that really matters.
BitQuestr (BitCoinWorldMarket)
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July 14, 2011, 10:45:39 PM
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I agree with crypto,

Also what does the length of time he has been a member of the forum have to do with his credibility? Yes there is a certain amount of credibility that members with a long record of using these forums inherit, but if legitimacy requires a certain number of posts or length of time on this forum, new bitcoin businesses are doomed to fail your test.

I would certainly hope you aren't suggesting that only forum members that have "Hero" status are the only ones that should be trusted.

I certainly admire the early adopters of bitcoin and those who have been in this community a long time. They have a tremendous amount of wisdom and experience to share with those of us new to the community. I just hope that they will encourage and help newcomers and new businesses rather than feel threatened or immediately be skeptical because they are new.
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July 14, 2011, 11:47:43 PM
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One thing (of several) I would/will be looking for in an escrow service is a high level of anonymity.  I would be concerned about a successful attack on the escrow during the time I had an important transaction underway, and the types of attacks that concern me most would be from the legal system of the legitimate government of a state.

It would appeal to me to have the escrow service offer a significant bounty on identification or 'outing'.  That is, if BTCrow (in this example) publicly offered a significant reward to whoever could come up with his name and/or the details of his business, that would be a selling point to me.

billyjoeallen
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July 15, 2011, 12:38:20 AM
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I agree with crypto,

Also what does the length of time he has been a member of the forum have to do with his credibility? Yes there is a certain amount of credibility that members with a long record of using these forums inherit, but if legitimacy requires a certain number of posts or length of time on this forum, new bitcoin businesses are doomed to fail your test.

I would certainly hope you aren't suggesting that only forum members that have "Hero" status are the only ones that should be trusted.

I certainly admire the early adopters of bitcoin and those who have been in this community a long time. They have a tremendous amount of wisdom and experience to share with those of us new to the community. I just hope that they will encourage and help newcomers and new businesses rather than feel threatened or immediately be skeptical because they are new.

You need to trust the guy for some reason OR trust the person/org/business that rates his trustworthyness.   I don't need to know the guy's shoe size.  I need to know he is honest, competent and neutral.  Name and location is at least something to go on, provided it can be independently verified.  the relevant question is if he is trusted by someone or something that I trust.

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cryptoanarchist
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July 15, 2011, 06:15:25 PM
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Name and location is at least something to go on, provided it can be independently verified. 

More silliness, billyjoe. Name and location are completely irrelevant to how they conduct their business.

In fact, I prefer an anonymous organization for security reasons and think a .onion site is more appropriate (Silk Road has probably the best escrow service at the moment).

the relevant question is if he is trusted by someone or something that I trust.

...now that could make sense if you have a decent idea of what makes someone trustworthy (and it has nothing to do with them releasing their ID).

Again, look for a good track record. Thieves/scammers aren't gonna go through the trouble doing good business and establishing a record just to torpedo it later.
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