pull down to refresh
11 sats \ 3 replies \ @supertestnet 26 Jan 2022 \ parent \ on: Does anyone know a working escrow site with LN support? bitcoin
Some bitcoin escrow software has achieved a degree of popularity, including purse.io, hodlhodl, and bisq. One thing those services don't have -- and lightningescrow does have, already (in closed beta) -- is a robust api that gives developers lots of control to create arbitrary escrow contracts for any purposes they want. So hopefully by being super dev-friendly we can be a service that developers build additional tools on top of, and if any of those get network effects, that boosts our popularity as well.
I've never heard anything like it! I hope it shoots up. But I think it's better to view yourself in terms of the average user and how you present it to them. The platforms you listed are escrow services in the narrow sense. Purse.io is an Amazon shopping site, and it seems to have ceased to exist. Hodlhodl and Bisq are cryptocurrency exchange boards, yes, they are successful, but it's only an exchange there. I know microlancer.io, it looks like a job board for freelancers, but I don't see much traffic or good moderation there, and so it has degraded to a PTC system for referral advertising. I think it's worth studying the experience of all these sites to find a better way to promote your platform without stepping on the old rake. Either way, I sincerely wish you the best of luck!
reply
Purse.io is an Amazon shopping site with a built in p2p bitcoin exchange. Basically you fill your cart with the Amazon items you want and send purse.io the bitcoin amount that it should cost. Then they put an offer on an orderbook that says "whoever buys these products and ships them to this person will get this bitcoin." Another user then takes your offer, buys/ships your stuff, and gets the bitcoin (minus a small fee). The escrow part comes in because purse.io doesn't give them the bitcoin til you either confirm you got your products or a time limit passes without you opening a dispute.
Hodlhodl has three services built on top of their escrow software: trading, lending, and a prediction market. Eventually I want to build all three of those on top of lightning escrow, as well as a purse.io clone.
You're right about bisq. Thank you for wishing us luck!
reply
Oh, didn't really get into the concept of purse.io, your brief explanation is even better than on their website. I took a closer look at them and tried to find the benefits for both parties there. There are discounts for the buyer and only losses for the "earner", unless you have a free "gift card". In this regard, I don't understand why there is a level system for earner, as if a "gift card" falls from the sky every day. That is, if I understand correctly, the site is beneficial to one side but not particularly beneficial to the other, which makes it unbalanced. I suspect that buy orders are hanging there for a very long time. In contrast, any crypto-fiat exchanger looks more balanced, since everyone there will earn from the difference in rates by placing their orders. I think if we consider purse.io as an example, their model should not be applied in its current form, but change it so that it is attractive for both parties (buyer and earner), not only as an opportunity to get rid of a "gift card".
This is all my opinion as a user, you may take it into account if you want.
Yes, Hodlhodl has lending and prediction market, I completely forgot about it. To be honest, I always considered them only as an exchanger, the only association I have when I think of them.
reply