20 Oct '12, 1pm

BitcoinMoney:Bidding Service BitMit Put Up For Auction

Bidding Service BitMit Put Up For Auction The latest auction listing on the popular Bitcoin-related online bidding service BitMit (@BitMitNet ) is unlike any seen on the site before as the high bid for this listing becomes the new owner of the auction site itself. The operator of BitMit, which is based out of Hong Kong, has determined that it would need a special license to continue offering the service in that jurisdiction and as a result has put the bidding service up for auction to the highest bidder. BitMit doesn’t just provide an auction listing service, it also provides escrow with arbitration which makes it possible for each listing’s seller to ship after the buyer has committed funds to escrow, and makes it possible for the auction’s winning bidder to inspect the goods received before the escrow payment is released to the seller. The service’s online hosted (shared...

Full article: http://www.bitcoinmoney.com/post/33947619419/bitmit-up-fo...

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