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Topic: bithra.com | Free and provably fair escrow - page 3. (Read 3232 times)

legendary
Activity: 1330
Merit: 1000
Very nice site.  I'm impressed.

What happens in the case of disputes?
full member
Activity: 211
Merit: 125
busting the bastards
Quote
PROVABLY FAIR: We provide non-repudiable proofs for all our escrow services, and is operated by Ryan Havar (owner of bustabit), on bitcointalk's default trust list, and handled millions of dollars of bitcoins.

^^What is this? So, you are basically asking for a favor for being on default trust level 2! Where is the provable fairness in it?
hero member
Activity: 560
Merit: 500
sorry i dont understand with provably fair, it means every transaction would be transparent? and whether this escrow service would be free for forever Cheesy
legendary
Activity: 1463
Merit: 1886
So with this site, you can basically become an escrow service provider yourself easily, right? (Correct me if I'm wrong)
This is absolutely amazing. I might use this sometime soon.
Note: There's no reason to not trust the site because the owner of bithra is the owner of bustabit too.

Yeah, I act as escrow for all transactions on the site (just don't provide arbitration services). The moral equivalent of using 2-of-2 multisig, just with a nicer UX but worse guarantees. But yeah, there's definitely a lot less counter-party risk in using bithra than trusting some random stranger when trading
hero member
Activity: 1092
Merit: 523
So with this site, you can basically become an escrow service provider yourself easily, right? (Correct me if I'm wrong)
This is absolutely amazing. I might use this sometime soon.
Note: There's no reason to not trust the site because the owner of bithra is the owner of bustabit too.
legendary
Activity: 1463
Merit: 1886
I'd like to announce bithra.com a completely free, automated and provably fair bitcoin escrow.

It's something I've wanted to build for a while, with the goal of making escrow so easy, quick (and free) that there's no reason to not use it. Part of making it user-friendly, means I had to forgo some of the more fancy cryptography like M-of-N which would require users to work with public keys -- but I have managed to make it provably fair.

It also comes with an API if that's your thing. Give it a try, I think you'll like it =)

https://www.bithra.com/

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