Show HN: Bitrated – Bitcoin m-of-n arbitrated transactions
1–10 of 74 posts
Re: Show HN: Bitrated – Bitcoin m-of-n arbitrated transactions
#2Hey, I'm the creator. I'd love to hear any feedback/questions/suggestions you have, but specifically on the security model [1] I implemented, design/ux (my design skills are terrible, thank god for Bootstrap for making it look half decent :) and the marketing/texts (I'm not a native English speaker, so any corrections are much appreciated).
If you don't know what multisig/m-of-n means, check out the FAQ: https://www.bitrated.com/faq.html
If you want to play with it, there's also a testnet [2] version: https://testnet.bitrated.com/
When it asks you to share the URL with the other party, you can just open that in a new tab.
If you don't want to go through all the process, you can see how the transaction page looks here: https://www.bitrated.com/tx.html#DO-NOT-SHARE&alice=ApLwQcKS...
[1] https://www.bitrated.com/security.html
[2] https://en.bitcoin.it/wiki/Testnet, you can get some testnet coins sent to the multisig from a faucet: http://testnet.mojocoin.com/
Re: Show HN: Bitrated – Bitcoin m-of-n arbitrated transactions
#3This addresses some of the limitations of Bitcoin compared to classical payment networks— the lack of reversibility, even where you want it.
I found the site super easy to use.
Re: Show HN: Bitrated – Bitcoin m-of-n arbitrated transactions
#4That is interesting. I have some doubts about their claim that this escapes regulation of escrow services (it sounds good, but their argument may not hold sway with regulators). But it seems like a very practical and useful system that shows the kind of thing that could ONLY be done with Bitcoin, and NOT with traditional money.
Re: Show HN: Bitrated – Bitcoin m-of-n arbitrated transactions
#5That is interesting. I have some doubts about their claim that this escapes regulation of escrow services (it sounds good, but their argument may not hold sway with regulators). But it seems like a very practical and useful system that shows the kind of thing that could ONLY be done with Bitcoin, and NOT with traditional money.
I had a lawyer working with me on that project, and he approved those texts. It is a bit of untested territory, so he might be wrong, be he's pretty confidence that this doesn't fall under an escrow.
Re: Show HN: Bitrated – Bitcoin m-of-n arbitrated transactions
#6That is interesting. I have some doubts about their claim that this escapes regulation of escrow services (it sounds good, but their argument may not hold sway with regulators). But it seems like a very practical and useful system that shows the kind of thing that could ONLY be done with Bitcoin, and NOT with traditional money.
Well, one of the general elements of this approach WRT regulatory regimes is that there really is much less _justification_ for heavy regulation.
With a normal escrow the escrow must be trusted to hold all your money! With this approach they can only release with the consent and cooperation of one of the parties.
The lower trust means such a thing would be fundamentally more difficult to regulate too, since it can come and go, disappearing into the mists because not so much trust is required.
Re: Show HN: Bitrated – Bitcoin m-of-n arbitrated transactions
#7Just FYI: The "About" page is 404'ing https://www.bitrated.com/about.html
Re: Show HN: Bitrated – Bitcoin m-of-n arbitrated transactions
#8Just FYI: The "About" page is 404'ing https://www.bitrated.com/about.html
Oh, oops, I was delaying that for the last moment and completely forgot about it! I'll set it up right now.
Re: Show HN: Bitrated – Bitcoin m-of-n arbitrated transactions
#9Hey, I'm the creator. I'd love to hear any feedback/questions/suggestions you have, but specifically on the security model [1] I implemented, design/ux (my design skills are terrible, thank god for Bootstrap for making it look half decent :) and the marketing/texts (I'm not a native English speaker, so any corrections are much appreciated). If you don't know what multisig/m-of-n means, check out the FAQ: https://www.…
Libertarian legal scholar, design nerd and native English speaker here. There's a few basic errors I notice right away like:
>Give your customers a peace of mind.
There should be no 'a' and just be 'give your customers peace of mind'.
The homepage really isn't that great in presentation but the secondary pages are very "squashed":https://www.bitrated.com/faq.html#is-this-an-escrow-
You need to add some spacing/padding around these list items and titles otherwise it looks pretty crappy.
Re: Show HN: Bitrated – Bitcoin m-of-n arbitrated transactions
#10Hey, I'm the creator. I'd love to hear any feedback/questions/suggestions you have, but specifically on the security model [1] I implemented, design/ux (my design skills are terrible, thank god for Bootstrap for making it look half decent :) and the marketing/texts (I'm not a native English speaker, so any corrections are much appreciated). If you don't know what multisig/m-of-n means, check out the FAQ: https://www.…
Weird, I was thinking about this kind of application for the last few days (unfortunately many good domains are squatted, e.g cointract)
I imagined being able to set the arbiter via an email address however, making it a little easier to use, but that obviously has some security implications.
Great execution, very excited to see this part of Bitcoin develop.
btw the about page 404's