31–40 of 74 posts
I see you're implementing an idea from https://en.bitcoin.it/wiki/Contracts ;) What are your fees currently (as the site operator)? I've only found ... "Fees: For its services, Bitrated may charge fees, as it sets forth from time to time. Such fees may be deducted in source from any transaction, or be paid separately."
Hey, 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.…
Hey, 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.…
"especially if you're transecting with an unknown merchant." misspelled transacting
I see you're implementing an idea from https://en.bitcoin.it/wiki/Contracts ;) What are your fees currently (as the site operator)? I've only found ... "Fees: For its services, Bitrated may charge fees, as it sets forth from time to time. Such fees may be deducted in source from any transaction, or be paid separately."
The functionality that it currently has will always remain free, with no required fees. The verified accounts/ratings would be optional, and act both as the profit model and as a kind of fidelity bond [1] to make scamming less economical. If you could replace accounts every day and send tons of fake ratings for no cost, it'll be easy to cheat. If you're investing some money into your identity, the the users using your services would know that you have something to lose by harming your reputation.
Your 'open sourced' link on https://www.bitrated.com/security.html goes to https://www.bitrated.com/TODO instead of https://github.com/shesek/bitrated
This 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.
As Satoshi put it[2]:
> Completely non-reversible transactions are not really possible, since financial institutions cannot avoid mediating disputes. The cost of mediation increases transaction costs, limiting the minimum practical transaction size and cutting off the possibility for small casual transactions, and there is a broader cost in the loss of ability to make non-reversible payments for non- reversible services. With the possibility of reversal, the need for trust spreads. Merchants must be wary of their customers, hassling them for more information than they would otherwise need. A certain percentage of fraud is accepted as unavoidable.
With bitcoin, you can build services like arbitration on top of the non-reversible payments, and pay for them separately only when you feel that you need them. I think that's awesome.
[1] http://betabeat.com/2012/03/dwolla-was-just-sued-by-bitcoine...
I'm assuming there will be some sort of rating system for arbitrators in the future. That list on /u could get unwieldly.
However, what's to stop an arbitrator from gaming this service and faking his reputation?
For example, he could send transactions between himself all day, using himself as the "arbitrator", and build his fake ratings that way.
Hey, 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.…
humble suggestion: you should go through the arbitrator's list every so often and clear out the test and dummy accounts
To be useful this would really require a separate service with a reputation system, perhaps a check saying if the arbitrators identity was verified, required pgp etc.
Earlier quoted context omitted.
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/paddi…
Thanks. I fixed the typo, and I'll be working on some CSS for better typography in the content-heavy pages - they do look somewhat squashed.