Topic: Trusted members and The Escrow League - page 2. (Read 4048 times)

I understand what you are getting at, and I would gladly escrow for 0% too if a know member asked me to, but as a service you should always get something for your trouble, or else why would you sustain such service?

I know, volunteer work, for the good of the community

I would be willing to escrow some trades for 0 BTC.

I guess that the message to BTCrow applies to Eptiv too. Can you think of a way to run the service but have the coins transfered to one of the League members, give him some admin interface for the transaction so he could say "coins received" (although knowing the address you could sniff the blockchain too) and then when the buyer receives the goods an email gets sent to the coin holder to release the funds (stating the address to do so clearly on a page where both buyer and escrow can see it?).

You could potentially have this as an optional thing when someone uses the escrow service:
- use our escrow service (1% fee)
- use our service with coins held by davout (1.25% fee)
etc

Because this discussion is starting to get deep, how would we get Eptiv in on this? I mean, it's an escrow service and it's simple to use(like clearcoin, but not like clearcoin). I run half. spleeder runs the other half.

There is one way you can ease yourself into getting paranoid people (like myself) to test your services and leverage the trust already won by members of this forum, and that is to allow people to use btcrow but have people from the list of potential league members hold the coins (for a fee, of course). I didn't think this through, it's just something that popped into my mind right now.

The other thing is I need to know you are making enough profit to actually be best for you to keep the business running. That's partly why I trust mtgox, the other part is the people behind it being themselves high in my trust balance to start with. But I know it would be stupid for them to make a run for it with a lot of cash/btc, as they are not anonymous, so tracking is possible and, more importantly, they are making a lot of profit thus they have an interest in keeping the service running.

I completely understand what you mean, I think I started my escrow service in the worse time with all those scandals, The thing I'm working out is a just a way of my service getting trusted in order people just stop being scammed.

It will take the time it will take I don't mind, I strongly believe in bitcoins whatever speculation or news said and I want to be a part of it. That's why I had implemented marketing tactics in order to gain more rep from people by giving 20% for any (positive or negative) feedback for valid transaction. There's already plenty of people using my escrow and I only get good comment for the moment. As I said it's a start and I really appreciate doing business this way.

I also made a request for google business center in order to have my business listed on google LBC, but the only reason why I didn't put it in place in order to get more trust is because for the moment I don't have an office space exclusively for BTCrow, and I fear that people come directly at my house for whatever reason or try to infiltrate to steal bitcoins in our protected wallets. My main goal is to protect my familly and bitcoins from my precious and valuable customers. That's why I'm patient and waiting to rep build by itself while doing great job (I think) for the community.

In other words once you'll think that I'll gain enough rep I could be interested as well to brainstorm some ideas and contribute myself in order to have the safest way to do bitcoin transactions.

Because not everyone will trust the existing services, and I don't know of one I'll trust with anything more that pocket money right now.

I thought that was clear? Maybe I worded things incorrectly...

If you're going to go for a "trusted" escrow service I don't see the need to a "League" imo.
To everyone their own I s'pose.

@BTCrow: your service is exactly what I would like to have, only done by someone I already trust (*wink* davout). This does not mean I distrust you or your service in any way, and with time I'll probably use it consistently, but right now, with all the scandals and people running away with fat wallet.dat's full of other people's coins, I tend to trust only the "family".

So, I'm not trying to get a justice league going, or an exclusive gentleman's club or anything. I just want a few of the older and trusted forum members to accept the escrow job temporarily, and I want everyone to know about that and who they are, so I don't get fooled by incomplete information (like regarding madhatter, I would trust him with no reserves).

This *is* redundant, and will become unneeded with time. This is not a business model, rather a volunteer escrow service to fill in a need I, selfishly, need.

As such, and while I understand there are many faults and potential pitfalls to this plan, I still think it is quite useful at least for now.

A league can be great only to hold bitcoins in different wallet, exactly what my escrow service do btw.

The problem with the vote is that people could be corrupted and or make bad judgment according to a transaction. The only thing an escrow could rely on is proof. Proof of delivery, Proof of receipt, Proof of service completion etc.

Third party (escrow or league) should not never been able to buy word from a party instead of another without relying on proof, so that mean that the league is useless because if everyone rely on proof, all league will vote for the same person.

IMO This could maybe only be useful to verify proof or hold bitcoins in different wallet.

Creating a "League" for escrow services is redundant imo. I mean, that'd be like suggesting every group that makes up the merchant list to go league. What really needs to be done is to take all the good merchants out there and place them on a site so folks know who to trust. Don't mention this web of trust thing that was started because that comes off as a private gentleman's club then a public place. Just my 2 cents.

Hah yeah, there are more features that I want to implement than hair on my head, and god knows I'm not very aerodynamic

I can hardly wait for that! That would kill "The League" for sure

And thanks for stepping forward.

You can add my name if you want, I'll take a .25% fee.

At some point Bitcoin-Central.net will also have an escrow feature, but god knows days are only 24h long

Well, all the times I interacted with him he felt very trustworthy, though truth be told it was a long time ago.

Your name will be added to the list, thank you! Just a note that all is open to discussion and I'm not taking the lead on anything (I only leaded this thread because I *need* such a service myself) but my idea is to have a known fee structure and everyone just doing that. Would you be ok with the min and max fees or 0.1 and 1.0?

Also, I believe we each see risk in different ways, so maybe each member of "The League" puts forward a maximum amount they are comfortable processing?

We think he was in league with mybitcoin aswell.

The MadHatter has been 'flakey' at best recently.

And I'll throw my hat into the ring with a .5% fee, though it seems like you have a bunch of good people already.

-Garrett

I was hoping for a little more detail regarding the removals, but given your sig and the fact you are a moderator here, I'll assume it isn't just a personal thing Thanks!

umm... yeah... remove madhatter from your list.

i'm in for the ruleset discussion
thread per dispute
publishing escrow status changes updates
escrow request results in a escrow address with a known established person, sending btc to such middleman is proof of payment
bitcoins release upon acceptance of service/good

disputes for goods
- proof of sending vs claim of not receiving (time frame in days)
- pictures & description of traded item (no comment)

extra work for middleman - send address, wait, release coins or wait dispute outcome

bootstrapping the web of trust / joining data?