Thanks for telling us what you've been doing. I hope your project's going to launch soon I'm waiting for more news. If you're working on your own what's going on with your co-founders why aren't they helping you?

If you've found a co-founder I'm looking forward for updates. It's more than one month since your post so what's new with the project and how's your escrow project?

What's new? How's your escrow project now?

I wish you luck. First of all you need to know that you will have to be patient, have good nerves. You cant get success fast, for this idea and service need much time. First step is start then others coming. Cheers.

People who are looking for fast automated and reliable way of escrow service for your is the kipto industry. I think the quickest way to convince someone on using your services is through you showing that you are a legally operating screw service. I will make the fees less and the process automatic system escrow service.

I agree with loyce.

Escrow is based in trust. You are using a escrow  because he can be trusted.

So, your website could just add the public bitcoin address of the escrow. The escrow would then hold the funds and make his decision, and then just send the money to the seller (or back to buyer).

There is no need to multisig if you are using a escrow. Everything should be done in the escrow's wallet, which only he has the private keys.

How would you contact the user when needed?

Which one of the 2 (or more?) clients will be in control? When using an escrow, I expect the escrow to:

• Be in full control
• Have all the information needed to come to a fair decision before I fund anything

From all the posts I've seen from you, I don't think you have what it takes. More than a year ago you were "in the final development stages", and your email address doesn't strike me as very professional.

Writing "Trusted and reliable" in your personal text doesn't make you any of that.

I can think of a scenario: I was once asked to act as neutral third party by holding the third key for a 2 out of 3 multisig. In that case they'll only need the escrow if they can't resolve it together.

If you're dead set on multisig, you need to elaborate on what you mean by "ideas". Exactly what kind of trouble are you running into, specifically with the implementation you have in mind?

For escrow purposes, I don't think multisig is the correct solution. Users may lose/mishandle keys. At the end of the day, the site needs to sign the tx anyways. So you could prevent the transaction from ever taking place regardless. This doesn't decrease risk for user, it adds it. Also, many may be deterred by the additional complexity. You need to garner trust through reliable, logic action. This will build your reputation. There can never be a trustless escrow system, IMO. This is because in the event of a dispute there will ALWAYS need to be a decision made one way or the other, and someone will end up unhappy.

As for general security, I can't imagine multisig being a practical solution for regular operation/facilitating transactions. For a cold wallet of unused coin, maybe. As long as you handle site security properly, you needn't worry about a malicious actor compromising funds.

He's been active here today but he hasn't replied. I've asked him about the website but he's not ignored it. Are you thinking about investing in new projects?

Hello, my first suggestion would be to update you OP with contact information and terms you've come up with for trades, regardless of whether or not you end up starting a new thread in the Lending Section.

I also feel that any thread you start of an escrow/lending nature should NOT be self moderated.  To me deleting posts, good, bad or indifferent hints of trying to hide something.

It goes down to interpretation of what you said... and I quote ... "I do prefer using a new account...." ..so it might mean that you had or have a old account and you want to create a "new" one..... or you do not want to buy an old account and want to start with a brand new account. (buying a old account, will raise suspicion even more.  

I think you should give more detailed answers to statements being made and questions being asked, because your responses looked rushed and unprofessional.


Escrow services are all about trust and transparency and it looks like you are hiding something? (Will this be Open Source) ?

You did not need to create another thread in Dev & technical discussion board - https://bitcointalk.org/index.php?topic=5343800.msg57233080#msg57233080
Multi posting is against the forum rules, and this is the appropriate section for your post, the other is wrongly placed.

I like the idea of an escrow service, to mediate transactions, especially if it's trustless, as that's one of the major objectives of Bitcoin.

You mentioned a smart contract being one of your long term goals; what should users trust on till then, before putting your funds at stake one needs a certain level of assurance or some sort of collateral. Basically, why should I trust you or your website?

Surprising that you still have that idea even if members are discouraging you and there are hindrances to creating your idea, it's also a good idea to start small and do not in a hurry to create something big, build your reputation first by creating small platforms or project that will benefit members, soon people will realize how good you are and trust and support you, do not give up yet if you want to contribute to this industry.

If that is the case then you should abandon this project by locking the thread, what you are trying to accomplish is not within your reach, but maybe a developer who had ample knowledge can materialize this idea, but until then lock this thread since you already posted that you cannot do it.

I like something like this, but wish it's some sort of decentralized escrow based on advanced smart-contract system.
If it's centralized, you will probably have go through alot of legal processes to keep things safe and secure for you and your customers...
Is the escrow non-custodial? And can you handle being an arbiter in times of disagreements between peers?

If you are looking for Devops, SysAd, Networkers, and Python programmers, you should change your query from "Looking for co-founders" onto "Looking for a development team" then indicate all of your finished projects, ideas, even a whitepaper or system proposal if possible.

Guys, I've worked for his logo and I know that he is really were onto making this idea possible. It is just that having an automated escrow platform is hard as it involves risks in losing funds and the anonymity is considered. I don't have any affiliation, yet I somehow believe this is worth a try to really implement.

@OP you can hire people in Fiverr so you can find people that fits onto your standards.