bitraiser | Darknet site for money raising

[jevans]

Hi. I'm running a BTC raising site called bitraiser.
It can be used, for example, to reimburse the cost for the purchase of digital good or do something that can be proofed online and get paid.
Here's how it works:

1. You create a money pool describing the purpose you need money and what contributors will get in return.
2. Users make their contributions if they interested.
3. You do what you promised, share results and close your money pool.
4. Contributors vote and if their votes are good, you get the money.

Please check the site and share your thoughts. Thank you.

[hugeblack]

It seems that the a Darknet site, it is better to alert users (will save them a lot of time.)
Also, the headlines like "Get money quickly, money raising and others" are no longer popular, it's 2020 .

4. Contributors vote and if their votes are good, you get the money.

Who will be the guarantor of that money? Will the site work as an escrow? How can I trust him?
Dark website, so you will not find much traffic or collect much information, how do you plan to attract participants? What will motivate them to spend money on projects on your site?
How will the site raise money? Donations?

[DarkDays]

Hi. I'm running a BTC raising site called bitraiser.
It can be used, for example, to reimburse the cost for the purchase of digital good or do something that can be proofed online and get paid.
Here's how it works:

1. You create a money pool describing the purpose you need money and what contributors will get in return.
2. Users make their contributions if they interested.
3. You do what you promised, share results and close your money pool.
4. Contributors vote and if their votes are good, you get the money.

Please check the site and share your thoughts. Thank you.

As an onion site, it will never gain much attention, what make you add this barrier to entry?

Few people want to use tor browser just do some basic fundraising. It would also paint any projects that setup a fundraise there with a red brush, since the darknet is almost always associated with illegal activity.

Why not move it to the clearnet?

[o_e_l_e_o]

The site is very bare bones at the moment. I would work on the UI.

The "How it works" button doesn't link anywhere. I am also unable to create a test money pool as I am repeatedly met with the error "must contain at least one and up to 10 tags", regardless of what I enter in to that box.

It seems like users first have to make an account and deposit bitcoin to you, and can then use that bitcoin to fund projects. In addition to the questions asked by hugeblack - who is escrowing these funds and how can you be trusted - you also need to explain how and where are you storing deposited coins? How can you guarantee security against malicious third parties?

[jevans]

It seems that the a Darknet site, it is better to alert users (will save them a lot of time.)

Done, title changed.

Also, the headlines like "Get money quickly, money raising and others" are no longer popular, it's 2020 .

Yeah I thought the same, but didn't come up with anything better. Would you suggest something?

Who will be the guarantor of that money? Will the site work as an escrow? How can I trust him?

If all votes are "thumb up" money pool creator will get the money, if someone's vote is no good I'll get notification and try to resolve the problem. If problem cannot be solved, all contributors will get their money back.
Yes, it will work as an escrow.
Here's how I think the trust for the site gains (maybe I'm too naive). Initial trust is assumed by the fact that some resources were expended to build the site and contributors shouldn't deposit a big amount of money. Then site reputation will improve the trust.

Dark website, so you will not find much traffic or collect much information, how do you plan to attract participants? What will motivate them to spend money on projects on your site?
How will the site raise money? Donations?

As an onion site, it will never gain much attention, what make you add this barrier to entry?

Few people want to use tor browser just do some basic fundraising. It would also paint any projects that setup a fundraise there with a red brush, since the darknet is almost always associated with illegal activity.

Why not move it to the clearnet?

The reason site is .onion is it allows illegal activities, but within the Terms of Service. My post here is the first attempt to attract participants. Also will post info on darknet forums and darknet monitoring sites. This is non-profit project.

The site is very bare bones at the moment. I would work on the UI.

Yup. I'm actually a back end developer, so UIs is not my best side I also plan to move from Google's "Material Design" to Bulma.

The "How it works" button doesn't link anywhere.

Noted (added to TODO).

I am also unable to create a test money pool as I am repeatedly met with the error "must contain at least one and up to 10 tags", regardless of what I enter in to that box.

agrrhh, my bad, that was stupid decision, tags added by pressing Enter, that was made to allow tags containing spaces, but yeah, will change.

you also need to explain how and where are you storing deposited coins? How can you guarantee security against malicious third parties?

I run Bitcoin Core (bitcoind) on the server, deposited coins stored in a wallet (created by `createwallet` bitcoind rpc command).
Who are malicious third parties? Could you please give an example?

Thank you all for replies!

[o_e_l_e_o]

If all votes are "thumb up" money pool creator will get the money, if someone's vote is no good I'll get notification and try to resolve the problem. If problem cannot be solved, all contributors will get their money back.

So it will be an "all or nothing" type arrangement? Doesn't this open the possibility of one user causing havoc by voting down a bunch of projects at no cost to themselves?

I run Bitcoin Core (bitcoind) on the server, deposited coins stored in a wallet (created by `createwallet` bitcoind rpc command).
Who are malicious third parties? Could you please give an example?

Similar fiat sites such as Kickstarter or JustGiving raise hundreds of millions of dollars. If you become even a tiny fraction as popular as them, then you could potentially be holding several thousand dollars worth of bitcoin. Additionally, if you have "amount raised" counters on your pages, then you are also publicly announcing just how much bitcoin you are holding. It has the potential to become an attractive target for hackers.

[jevans]

So it will be an "all or nothing" type arrangement? Doesn't this open the possibility of one user causing havoc by voting down a bunch of projects at no cost to themselves?

Yes, it's all or nothing deal. To participate in money pool, user first should make a deposit with minimum amount that money pool require for contribution. If user makes a contribution he can't use the same money for another money pool. When money pool creator gives a result (or proof of work), contributors can't cancel their contributors, they can only vote. If someone votes down, I'll investigate the case and decide who is right and who is wrong.

There are several money pool states:
opened - users can contribute and cancel their contributions
locked - users can contribute, but can't cancel their contributions
closed - contributors can't cancel their contributions, new contributions are not accepted. At this point money pool creator is going to do what he promised, then provide for contributors the result (of proof of work).
completed - money pool creator got the money, contributors got what they wanted.
canceled - all contributions canceled.

Money pool creator is able to change those states:
opened <--> locked --> closed

If you become even a tiny fraction as popular as them, then you could potentially be holding several thousand dollars worth of bitcoin.

Nope. The site is intended for small one time deals. When money pool is completed it is recommended for its creator to withdraw btc and request money pool deletion (such requests for deletion are not implemented for now).

Additionally, if you have "amount raised" counters on your pages, then you are also publicly announcing just how much bitcoin you are holding. It has the potential to become an attractive target for hackers.

Agree. I plan to make hidden money pools, so they won't appear anywhere on the site publicly.

[TheNewAnon135246]

Do you have plans to make the pools decentralized, for example by letting users enter their x/y/zpub?

[iluvbitcoins]

Clicking "How it works" does nothing currently (might be because of NoScript, I didn't try disabling it, but it should work regardless, it is the Darknet ).
Cool idea.

[o_e_l_e_o]

To participate in money pool, user first should make a deposit with minimum amount that money pool require for contribution. If user makes a contribution he can't use the same money for another money pool.

Ahh ok, makes sense. So when a user pledges a donation to a project, those bitcoins are essentially "locked up" until the project delivers or the money pool is cancelled. That acts as a disincentive for a malicious party to just spam negative votes across multiple pools.

Agree. I plan to make hidden money pools, so they won't appear anywhere on the site publicly.

Will the money pools need to hit a certain target to be funded, or will it just be whatever they receive? I would also imagine that hiding the money might change the dynamics of people donating. For example, if someone wanted donations to launch a business selling a range of bitcoin branded clothing (completely off the top of my head) and was asking for 1 bitcoin in donations, that might seem reasonable, but if they were asking for 50 bitcoin, that would make people think twice about their business plan.

You do seem to have put a lot of thought in to this, and I applaud you for that. I think the biggest stumbling blocks to widespread use will be getting the word out/advertising, and building trust in your platform. There are an awful lot of new exchanges, services, web wallets, ICOs, etc. launched every week in the crypto space, and a majority of them simply disappear with users' funds.

[Vod]

Yup. I'm actually a back end developer, so UIs is not my best side I also plan to move from Google's "Material Design" to Bulma.

Thanks for that link!  I'm also left brained and not good at design, and I have lost my little ibBuddy. 

I don't think you should pursue this idea as a wet behind the ears newbie unless you put money in an escrow first.  Sites like Bulma can make any scam look legit.  :/

[Kakmakr]

I definitely think there is a need for a fund/crowd raising platform that can address the more controversial projects. I am not referring to illegal projects, but rather projects that would get a major push back from the industries that it wants to disrupt. < Examples : Banks / Money transmitters etc. >  

The voting system is a nice touch, but I also think it would be a better option for you to add a reputable Escrow system, because the anonymity of the DarkNet will add to the mistrust in the whole concept and the Escrow system will add some credibility.  

A friend of mine live in a country where Marijuana <Cannabis> was recently legalized and he wanted to get funding for a small farm and manufacturing plant for medicinal Cannabis oil, but none of the financing companies wanted to approve his application. A platform like this will give him a alternative option to accomplish that dream.  

Marijuana <Cannabis> have several medicinal benefits, https://www.green-flower.com/articles/health/medical-uses-of-cannabis  

[2double0]

I definitely think there is a need for a fund/crowd raising platform that can address the more controversial projects. I am not referring to illegal projects, but rather projects that would get a major push back from the industries that it wants to disrupt. < Examples : Banks / Money transmitters etc. >  

The voting system is a nice touch, but I also think it would be a better option for you to add a reputable Escrow system, because the anonymity of the DarkNet will add to the mistrust in the whole concept and the Escrow system will add some credibility.  

Don't you think that adding an escrow system still does not justify the trust of people on them, seeing that who becomes an escrow? What will happen if they propose their escrow and the escrow wants to remain anonymous as this project is a darknet one?

A friend of mine live in a country where Marijuana <Cannabis> was recently legalized and he wanted to get funding for a small farm and manufacturing plant for medicinal Cannabis oil, but none of the financing companies wanted to approve his application. A platform like this will give him a alternative option to accomplish that dream.  

Marijuana <Cannabis> have several medicinal benefits, https://www.green-flower.com/articles/health/medical-uses-of-cannabis  

That is true that Marijuana is not something only being used for false purposes, but any projects involving such things like these need to have an agreement between bitraiser and the 'fundraising person' that they agree to give all the details about themselves (like KYC) before applying for a fundraising campaign because this will show that they are serious with their project and are not willing to use the funds for illegal purposes.

[jevans]

Do you have plans to make the pools decentralized, for example by letting users enter their x/y/zpub?

No

Clicking "How it works" does nothing currently

Fixed

Will the money pools need to hit a certain target to be funded, or will it just be whatever they receive?

Money pool creator can close his money pool at any time with any number of contributions, but then contributors gonna vote.

I would also imagine that hiding the money might change the dynamics of people donating.

I don't like the idea of hiding money of money pool (because of security or whatever), this is a big opportunity for a fraud.

You do seem to have put a lot of thought in to this, and I applaud you for that. I think the biggest stumbling blocks to widespread use will be getting the word out/advertising, and building trust in your platform. There are an awful lot of new exchanges, services, web wallets, ICOs, etc. launched every week in the crypto space, and a majority of them simply disappear with users' funds.

Thank you Indeed, advertising and trust are big obstacles.

The voting system is a nice touch, but I also think it would be a better option for you to add a reputable Escrow system, because the anonymity of the DarkNet will add to the mistrust in the whole concept and the Escrow system will add some credibility. 

Thank you, but as I understand, anything reputable require some kind of identification. And bitraiser is for one time deals with max anonymity and min traces.
Yeah, marijuana is great (as well as some other drugs), but not for everyone, unfortunately.

Btw, check out new site's design 

[Lorence.xD]

1. You create a money pool describing the purpose you need money and what contributors will get in return.
2. Users make their contributions if they interested.
3. You do what you promised, share results and close your money pool.
4. Contributors vote and if their votes are good, you get the money.

The feel of this site is like a Kickstarter or Indiegogo, if I am wrong then ignore but your rules sounds like those crowdfunding websites and I do not trust those site, these smells fishy. Your three rules are contradicting the fourth rule and I think it is strange, for people to vote for it when they already pledged money on your project, wouldn't that make approval projects hard because it is hindered by vote. I also think that putting it in the darknet is pretty strange, wouldn't that limit the demographic you want to get in your site, unless it is a funding projects for something which is not conforming the social norms.

[akhjob]

You definitely need to change the captcha you are using for sign-up/sign-in page



wtf is this? rBxTy4?
If the users are not able to signup because of this captcha, how will they be able to create a money pool?

[jevans]

Your three rules are contradicting the fourth rule and I think it is strange, for people to vote for it when they already pledged money on your project, wouldn't that make approval projects hard because it is hindered by vote.

Oh, maybe second rule is not clear written. User makes a contribution here means to deposit money to user's account and mark them as contribution to money pool. If money pool state is opened (initial state), contributor can cancel his contribution. If state is locked, contribution can't be canceled. When state is closed, contributor wait for result and then vote.

[jevans]

https://i.imgur.com/avF9X5x.png

u5vPy4

Ok, I'll remove catcha text angle.

[so98nn]

I am not sure about the site yet since I am not able to access it at all.

Each time I click on the site link provided in the OP, I get an error. As you can see in the picture down below.

Hi. I'm running a BTC raising site called bitraiser.
It can be used, for example, to reimburse the cost for the purchase of digital good or do something that can be proofed online and get paid.
Here's how it works:

1. You create a money pool describing the purpose you need money and what contributors will get in return.
2. Users make their contributions if they interested.
3. You do what you promised, share results and close your money pool.
4. Contributors vote and if their votes are good, you get the money.

Please check the site and share your thoughts. Thank you.

However looking at the terms posted here I have some doubts.

What is the escrow to manage all fundings and not to loose the money contributed to something?
May be the answers on the site but since I am unable to access it, please enlighten me. 

3. You do what you promised, share results and close your money pool.

What if they don't fullfill their promise and I end up loosing my money or whatever they were supposed to give me in exchange?

[jevans]

What if they don't fullfill their promise

Then you should vote down on your contribution. Money pool creator can receive contributed money only when all votes are good. If someone votes down, I'll investigate the case. In worst scenario all contributions will be canceled meaning all contributors got their money back.
If only you voted down, you should provide a significant reason for your contribution to be canceled (you can comment when vote, also can change your vote and comment).

I am not sure about the site yet since I am not able to access it at all.

Idk why, just checked, it's working. Maybe restart tor-browser.