Post
Topic
Board Project Development
Re: Suggestions for escrow service
by
escrowmycoins
on 12/02/2021, 22:40:10 UTC
Do you want to make bitcointalk escrow service or public bitcoin service?
if your site service for the forum it is easy, you need to deposit some Bitcoins for trusted member(s), and then centrally manage the site.
If any problem occurs, the member can open a report in scam board and the trusted member(s) will release extra escrow amount.
It will make the fees less and the process automatic.
Bitmixcoin.io did the same thing on this forum. They put 5 bitcoin into escrow with our user - zazarb. Once they gained some trust, they redeemed their escrowed 5 bitcoin and then scammed people, one person was scammed with 16 bitcoin. So, I wouldn't call that a good model.

I see, so basically i will be opening a website and not doing escrow on bitcointalk.
I will try to see how to secure the funds in case of a hack, so all users can be refunded.
Thanks for the advice.
The website is ready, i am just looking for a partner to build the infrastructure for it (DevOps/networking).
Suggestions are based on need, so what do you need exactly from an escrow service?

I wouldn't suggest anyone to use your service especially when you use the word "I" everywhere (that means you are doing alone) and you are also looking for partners this way. It makes me believe that in your idea you want to make a website that will generate profit automatically while you'll just draw design, code it and that's all. Business doesn't happen that way. Why to trust a person who doesn't know anything about the business he enters.

Apologies for using 'I', but that's true. I am working on it alone so far but i got everything done.
That is not a drawn design, it is coded and ready for production already.
You can notice the Django toolbar, which is for testing purposes.