Topic: [ANN] Hey, BitMe! (#bitme) - page 5. (Read 9448 times)

+1

Just don't allow DEPOSITS via Dwolla.  Or you will be doomed.

Most of this is yet to be determined. For the initial testnet launch all trades will be subject to a 0.50% commission on the receiving currency upon execution. This will be changed for the realnet launch to reward liquidity providers.

As far as withdraws, Dwolla will be the preferred method.

For deposits, I am currently looking into various options including MoneyPak and bank wire.

No offence, but I don't see people flocking to your exchange because of "superior security". Even if the setup sounds nifty, it is closed source and we have to trust you.

What about fees, payment methods, etc?

Well let me address security first. While I make no guarantees about the security or safety of the software, I have completely decoupled bitcoind from the exchange itself.

• The actual bitcoins and bitcoind will not be hosted in the cloud at all
• I have made a custom daemon that acts as an intermediary between the exchange itself and bitcoind. It works as a queue processing deposits and withdraws. This allows me to add some safety triggers and it can be shutdown alltogether on certain measures like when an alert is sent out (seen by getinfo.errors). Or large transactions are seen.
  

Also, I think my exchange will be easier and simpler for people to use.

That's a competitive market you're entering. Why would anyone use your exchange over the competition ?

Any recommendations/bug reports are still appreciated, but you will not receive any monetary reward for them

UPDATE - 2012/07/08 - liquidity providers now receive 0.55% rebate, liquidity takers pay 0.60% fee

UPDATE - 2012/05/25 - liquidity providers now receive 0.10% rebate, liquidity takers pay 0.60% fee

UPDATE
The testnet version of the site is now available for testing: https://test.bitme.com

BTC for Bugs
For the next couple weeks I will be rewarding people for trying out the testnet version of the site and to find bugs.
I will give 5 BTC for trivial, 10 BTC for minor, 20+ BTC for major bugs to the first to discover and/or describe it best for reproducibility.

Bugs Found - 127 BTC paid out

• trivial - poor alignment in bid/ask radio selection in Chrome - thanks splatster
• trivial - "commodity" typo in terms of use - thanks splatster
• trivial - unnecessary margin on order cancel button (actually is on the form element) - thanks splatster
• minor - buggy behavior when clicking "New" multiple times for an order - thanks bencoder
• trivial - clicking "Terms of Use" link on join page causes user to lose entered data - thanks bencoder
• major - even after logging out, back button of browser still shows you previous HTTPS page. - thanks flatfly
• trivial - lots of feedback on important details, user experience - thanks Sukrim
• minor - login may fail with general error message under some conditions - thanks flatfly
• trivial - prevent form double submission - thanks flatfly
• trivial - no background on password strength bar in IE - thanks flatfly
• trivial - orderbook spamming, bid/ask precision grouping - thanks bencoder
• trivial - layout issues in IE (specifically in IE8) - thanks raitoninglass
• major - easily exploitable DoS atttack vector due to JS minification/building - thanks flatfly - 20 BTC owed
• trivial - typo in terms of use, should be "...make use of personal information..." - thanks flatfly
• major - partially-executed orders are not reflected properly in orderbook - thanks EskimoBob - 20 BTC owed

Known issues

• Overlapping elements on mobile/small screens
• some functionality broken without javascript enabled
• The 'Place Order' blue button is overlapping on the next column
• Not supporting older than IE8
• Placing an order broken in IE
• Favicon 404s on testnet
• CSRF token doesn't update on order failure

==================================



tldr;
* I made an exchange called BitMe, it will launch on testnet only either this Sunday night or Monday
* I will be rewarding people to try it out and to find bugs

I will update this original post once the testnet is live.

In the works for approximately 8 months or so, through at least 2 different iterations, I am finally ready to launch the testnet version of my new exchange, BitMe. BitMe aims to be a secure and simple alternative platform that takes a forex-style approach to trading, using a base currency and counter currency, although a trading commission is taken from the receiving currency upon order execution.

For the purposes of the testnet launch a 0.50% fee will be charged for all order executions. Although this will change once launched to the realnet to reward liquidity providers.

For the next couple weeks I will be rewarding people for trying out the testnet version of the site and to find bugs.
I will give 5 BTC for trivial, 10 BTC for minor, 20+ BTC for major bugs to the first to discover and/or describe it best for reproducibility.
At my own discretion I will decide the category the bug falls into.

Known issues that I'm not interested in:
* Overlapping elements on mobile/small screens

Initially only BTC/USD will be available for buying and selling. Sorry, I don't have any plans to add any others anytime soon.

I welcome anyone who is interested to idle on #bitme on FreeNode.

~Sean Lavine (freewil)