Post
Topic
Board Service Discussion
Re: [warning] bitmit.net was sold secret without telling the community.
by
penguin_brian
on 20/01/2013, 00:47:10 UTC
if tosaki isn't answering at all, he and his service deserve to get some heat. it's a free market and as you can see in my sig i still consider his the best option but i'm happy to jump on any competition that raises above his currently poor reputation. if he speaks up and deals with his customers, he deserves all the fame for his great service. if he disappears leaving the server to rot, i hope for competition.

As for competition, I would like to see an escrow service that uses multi-signature transactions. https://blockchain.info/wallet/escrow - while you still need to trust that the escrow service has a fair and independent resolution process, if I understand correctly the escrow service can't disappear with the funds. Unless they manage to somehow conspire with one of the parties.

With a good escrow service, bitmit is not needed as much. You could, hypothetically speaking, conduct auctions or sales, on a more popular web based forum, for example. *cough* https://bitcointalk.org/index.php?board=73.0 *cough*. Although bitmit does make it easier to locate items for sale, and its ability to filter by country is also good.