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Title: Would you put 200% of the cost of a Item in escrow? Post by: RiverBoatBTC on December 05, 2014, 01:01:11 AM Been talking to some people about escrow, one of the systems requires users to put the cost of a item in escrow time two.
For instance you buy a miner for 5BTC you must put 10BTC into escrow. The seller is also required to put up the cost of the item into escrow. If you and the other person do not agree you and the seller lose all the coins to the escrow system. So the system would get 15BTC from the dispute. Would you use a system like this? Title: Re: Would you put 200% of the cost of a Item in escrow? Post by: RiverBoatBTC on December 05, 2014, 02:37:41 PM Need some more votes
Title: Re: Would you put 200% of the cost of a Item in escrow? Post by: RiverBoatBTC on December 05, 2014, 02:47:24 PM trustless. I am trying to prove to bitbay, the average user will not and can not afford to use such a system. They are high on some sort of kool aid and refuse to listen.
Not only that if you are a merchant and have 100 items for sale at .25 btc a piece you have to escrow 25BTC. Does that sound usable to you? There answer so far is... we will have only trusted sellers so there will be no need for escrow ::) Title: Re: Would you put 200% of the cost of a Item in escrow? Post by: mmmaybe on December 05, 2014, 02:52:37 PM What's the argument for the system?
Title: Re: Would you put 200% of the cost of a Item in escrow? Post by: RiverBoatBTC on December 05, 2014, 02:53:36 PM What's the argument for the system? Its super duper safe... no middle man.. no fee's. Title: Re: Would you put 200% of the cost of a Item in escrow? Post by: EvilDave on December 05, 2014, 02:58:49 PM Just to elaborate on my 'No' vote: I had a look at the BitBay escrow system, and my first thought was that this is simply not going to fly. I do not believe that anyone will be willing to put so much on the line in an escrow system, especially if you lose the escrow amount if a deal falls through.
The idea behind it is a good one, to establish an eco-system of trusted buyers and sellers, but getting people to make the first steps needed to build up a trustworthy rep under this system is going to be very difficult, I reckon. Title: Re: Would you put 200% of the cost of a Item in escrow? Post by: RiverBoatBTC on December 05, 2014, 03:15:43 PM Just to elaborate on my 'No' vote: I had a look at the BitBay escrow system, and my first thought was that this is simply not going to fly. I do not believe that anyone will be willing to put so much on the line in an escrow system, especially if you lose the escrow amount if a deal falls through. The idea behind it is a good one, to establish an eco-system of trusted buyers and sellers, but getting people to make the first steps needed to build up a trustworthy rep under this system is going to be very difficult, I reckon. I talked to syscoin about it they were going to use the same system. Know what they said, good point we will fix it and add another option. Check out syscoin escrow options much better. Title: Re: Would you put 200% of the cost of a Item in escrow? Post by: Snail2 on December 05, 2014, 03:19:30 PM 200% and the seller also have to put up the full price, and then loosing all if there's an argument :o?!? That's insane. The most basic interest of the escrow is driving as much deals to failure as they can :).
To be honest, I've seen people here getting scammer tags (negative trust nowadays) for much less than this business model. Title: Re: Would you put 200% of the cost of a Item in escrow? Post by: RiverBoatBTC on December 05, 2014, 03:21:05 PM 200% and the seller also have to put up the full price, and then loosing all if there's an argument :o?!? That's insane. The most basic interest of the escrow is driving as much deals to failure as they can :). To be honest, I've seen people here getting scammer tags (negative trust nowadays) for much less than this business model. They have a huge pitcher of koolaid they are drinking in bitbay, and its got them plum stupid on the matter. But the called me ignorant for bringing up the problem "cause I just don't get it" lol Title: Re: Would you put 200% of the cost of a Item in escrow? Post by: defaced on December 05, 2014, 03:44:03 PM This is called double deposit escrow and basicly how bitHalo works
Title: Re: Would you put 200% of the cost of a Item in escrow? Post by: djm34 on December 05, 2014, 03:48:38 PM First question who will be the escrow? +1 and how much would it cost in fee...(escrow aren't cheap around... so the no fee system... not so much...) but that's a good opportunity for the escrow ;D Title: Re: Would you put 200% of the cost of a Item in escrow? Post by: redsn0w on December 05, 2014, 03:54:17 PM I like the traditional escrow system , and I think also it works properly ;). However maybe in the future the system will be implemented
Title: Re: Would you put 200% of the cost of a Item in escrow? Post by: RiverBoatBTC on December 05, 2014, 05:21:45 PM I like the traditional escrow system , and I think also it works properly ;). However maybe in the future the system will be implemented I agree, anyone who is investing in bitbay as a marketplace is a fool. It has nothing that you can not do with out it. You can use multisig for smart contracts Syscoin is has a wroking proof of concept for decentralized markets. and the bitbay community is full of tardo's that have had 1 to many glasses of bitbay koolaid lol Title: Re: Would you put 200% of the cost of a Item in escrow? Post by: RiverBoatBTC on December 06, 2014, 05:29:47 PM Bump
Title: Re: Would you put 200% of the cost of a Item in escrow? Post by: TheMage on December 06, 2014, 06:27:48 PM I've never had to use escrow before, but I have escrowed for many many people. I've only had 1 instance of something not going right. I always tell both the buyer and the seller before we proceed that in the event of a dispute I have full authority to decide how the coins should be distributed (I also state that if there was a dispute, I will be giving up my fee amount).
Title: Re: Would you put 200% of the cost of a Item in escrow? Post by: qawzsx on December 06, 2014, 07:02:30 PM Been talking to some people about escrow, one of the systems requires users to put the cost of a item in escrow time two. For instance you buy a miner for 5BTC you must put 10BTC into escrow. The seller is also required to put up the cost of the item into escrow. If you and the other person do not agree you and the seller lose all the coins to the escrow system. So the system would get 15BTC from the dispute. Would you use a system like this? First of all, you are stupid Second, you don't need to put 200% Third, the system would get nothing from the dispute The conclusion, you are stupid You put WHATEVER amount you agree with the party. Seller and buyers agrees whatever the amount suits them best. There no "if you and the other person do not agree". If that happens in a friendly manner, both seller and buyer gets their escrow "fee" back. This system can only work like this... lose-lose or win-win. The incentive for scamming the party is 0, so why bother starting a fraudulent transaction? oh, and lets not forget, you are stupid Title: Re: Would you put 200% of the cost of a Item in escrow? Post by: RiverBoatBTC on December 06, 2014, 07:09:36 PM Been talking to some people about escrow, one of the systems requires users to put the cost of a item in escrow time two. For instance you buy a miner for 5BTC you must put 10BTC into escrow. The seller is also required to put up the cost of the item into escrow. If you and the other person do not agree you and the seller lose all the coins to the escrow system. So the system would get 15BTC from the dispute. Would you use a system like this? First of all, you are stupid Second, you don't need to put 200% Third, the system would get nothing from the dispute The conclusion, you are stupid You put WHATEVER amount you agree with the party. Seller and buyers agrees whatever the amount suits them best. There no "if you and the other person do not agree". If that happens in a friendly manner, both seller and buyer gets their escrow "fee" back. This system can only work like this... lose-lose or win-win. The incentive for scamming the party is 0, so why bother starting a fraudulent transaction? oh, and lets not forget, you are stupid And this is what you get with bitbay people.. lol The head dev of bitbay explains it exactly like I said it http://youtu.be/wZp3Up5Y4pE?t=5m47s Title: Re: Would you put 200% of the cost of a Item in escrow? Post by: qawzsx on December 06, 2014, 07:17:29 PM Been talking to some people about escrow, one of the systems requires users to put the cost of a item in escrow time two. For instance you buy a miner for 5BTC you must put 10BTC into escrow. The seller is also required to put up the cost of the item into escrow. If you and the other person do not agree you and the seller lose all the coins to the escrow system. So the system would get 15BTC from the dispute. Would you use a system like this? First of all, you are stupid Second, you don't need to put 200% Third, the system would get nothing from the dispute The conclusion, you are stupid You put WHATEVER amount you agree with the party. Seller and buyers agrees whatever the amount suits them best. There no "if you and the other person do not agree". If that happens in a friendly manner, both seller and buyer gets their escrow "fee" back. This system can only work like this... lose-lose or win-win. The incentive for scamming the party is 0, so why bother starting a fraudulent transaction? oh, and lets not forget, you are stupid And this is what you get with bitbay people.. lol The head dev of bitbay explains it exactly like I said it http://youtu.be/wZp3Up5Y4pE?t=5m47s No, this is that YOU (RiverBoatBTC) gets, since you are just a low life BS spreader. No you monkey, that's how YOU understand, not how he explains it. Double escrow does not mean 200% of the cost of item. Double deposit escrow means that both BUYER and SELLER must cover the escrow. Title: Re: Would you put 200% of the cost of a Item in escrow? Post by: RiverBoatBTC on December 06, 2014, 07:36:21 PM Been talking to some people about escrow, one of the systems requires users to put the cost of a item in escrow time two. For instance you buy a miner for 5BTC you must put 10BTC into escrow. The seller is also required to put up the cost of the item into escrow. If you and the other person do not agree you and the seller lose all the coins to the escrow system. So the system would get 15BTC from the dispute. Would you use a system like this? First of all, you are stupid Second, you don't need to put 200% Third, the system would get nothing from the dispute The conclusion, you are stupid You put WHATEVER amount you agree with the party. Seller and buyers agrees whatever the amount suits them best. There no "if you and the other person do not agree". If that happens in a friendly manner, both seller and buyer gets their escrow "fee" back. This system can only work like this... lose-lose or win-win. The incentive for scamming the party is 0, so why bother starting a fraudulent transaction? oh, and lets not forget, you are stupid And this is what you get with bitbay people.. lol The head dev of bitbay explains it exactly like I said it http://youtu.be/wZp3Up5Y4pE?t=5m47s No, this is that YOU (RiverBoatBTC) gets, since you are just a low life BS spreader. No you monkey, that's how YOU understand, not how he explains it. Double escrow does not mean 200% of the cost of item. Double deposit escrow means that both BUYER and SELLER must cover the escrow. You sure are a angry little fellow, its ok I know you drink from the bitbay koolaid but when it all comes crashing down. I will just give you a little ;) Title: Re: Would you put 200% of the cost of a Item in escrow? Post by: qawzsx on December 06, 2014, 07:44:59 PM Been talking to some people about escrow, one of the systems requires users to put the cost of a item in escrow time two. For instance you buy a miner for 5BTC you must put 10BTC into escrow. The seller is also required to put up the cost of the item into escrow. If you and the other person do not agree you and the seller lose all the coins to the escrow system. So the system would get 15BTC from the dispute. Would you use a system like this? First of all, you are stupid Second, you don't need to put 200% Third, the system would get nothing from the dispute The conclusion, you are stupid You put WHATEVER amount you agree with the party. Seller and buyers agrees whatever the amount suits them best. There no "if you and the other person do not agree". If that happens in a friendly manner, both seller and buyer gets their escrow "fee" back. This system can only work like this... lose-lose or win-win. The incentive for scamming the party is 0, so why bother starting a fraudulent transaction? oh, and lets not forget, you are stupid And this is what you get with bitbay people.. lol The head dev of bitbay explains it exactly like I said it http://youtu.be/wZp3Up5Y4pE?t=5m47s No, this is that YOU (RiverBoatBTC) gets, since you are just a low life BS spreader. No you monkey, that's how YOU understand, not how he explains it. Double escrow does not mean 200% of the cost of item. Double deposit escrow means that both BUYER and SELLER must cover the escrow. You sure are a angry little fellow, its ok I know you drink from the bitbay koolaid but when it all comes crashing down. I will just give you a little ;) I'm not angry you shithead, i'm just straight as an arrow and I'm not following my tail before saying something in someones face. You learn a freaking new work and you are repeating that shit like a broken clock. koolaid, koolaid...your post history is full of it. Title: Re: Would you put 200% of the cost of a Item in escrow? Post by: RiverBoatBTC on December 06, 2014, 07:59:08 PM Because calling people a name shithead is something a cool calm and collective person does ::)
Besides that I have no Idea what you are rambling about lol Title: Re: Would you put 200% of the cost of a Item in escrow? Post by: tristbreak on December 06, 2014, 09:06:15 PM Been talking to some people about escrow, one of the systems requires users to put the cost of a item in escrow time two. For instance you buy a miner for 5BTC you must put 10BTC into escrow. The seller is also required to put up the cost of the item into escrow. If you and the other person do not agree you and the seller lose all the coins to the escrow system. So the system would get 15BTC from the dispute. Would you use a system like this? No that is too much :( Title: Re: Would you put 200% of the cost of a Item in escrow? Post by: RiverBoatBTC on December 10, 2014, 12:15:53 PM bump
Title: Re: Would you put 200% of the cost of a Item in escrow? Post by: djm34 on December 10, 2014, 01:25:46 PM Been talking to some people about escrow, one of the systems requires users to put the cost of a item in escrow time two. For instance you buy a miner for 5BTC you must put 10BTC into escrow. The seller is also required to put up the cost of the item into escrow. If you and the other person do not agree you and the seller lose all the coins to the escrow system. So the system would get 15BTC from the dispute. Would you use a system like this? First of all, you are stupid Second, you don't need to put 200% Third, the system would get nothing from the dispute The conclusion, you are stupid You put WHATEVER amount you agree with the party. Seller and buyers agrees whatever the amount suits them best. There no "if you and the other person do not agree". If that happens in a friendly manner, both seller and buyer gets their escrow "fee" back. This system can only work like this... lose-lose or win-win. The incentive for scamming the party is 0, so why bother starting a fraudulent transaction? oh, and lets not forget, you are stupid And this is what you get with bitbay people.. lol The head dev of bitbay explains it exactly like I said it http://youtu.be/wZp3Up5Y4pE?t=5m47s No, this is that YOU (RiverBoatBTC) gets, since you are just a low life BS spreader. No you monkey, that's how YOU understand, not how he explains it. Double escrow does not mean 200% of the cost of item. Double deposit escrow means that both BUYER and SELLER must cover the escrow. You sure are a angry little fellow, its ok I know you drink from the bitbay koolaid but when it all comes crashing down. I will just give you a little ;) I'm not angry you shithead, i'm just straight as an arrow and I'm not following my tail before saying something in someones face. You learn a freaking new work and you are repeating that shit like a broken clock. koolaid, koolaid...your post history is full of it. by the way, beware of user qawzsx. He was already deep into sharecoin scam, even though he removed his posts and re-register his username. https://bitcointalk.org/index.php?topic=587051.msg7477494#msg7477494 (I honestly don't understand how someone who has been insulting everyone who disagree with him for more than 6 months hasn't been banned...) Title: Re: Would you put 200% of the cost of a Item in escrow? Post by: qawzsx on December 10, 2014, 01:30:34 PM Been talking to some people about escrow, one of the systems requires users to put the cost of a item in escrow time two. For instance you buy a miner for 5BTC you must put 10BTC into escrow. The seller is also required to put up the cost of the item into escrow. If you and the other person do not agree you and the seller lose all the coins to the escrow system. So the system would get 15BTC from the dispute. Would you use a system like this? First of all, you are stupid Second, you don't need to put 200% Third, the system would get nothing from the dispute The conclusion, you are stupid You put WHATEVER amount you agree with the party. Seller and buyers agrees whatever the amount suits them best. There no "if you and the other person do not agree". If that happens in a friendly manner, both seller and buyer gets their escrow "fee" back. This system can only work like this... lose-lose or win-win. The incentive for scamming the party is 0, so why bother starting a fraudulent transaction? oh, and lets not forget, you are stupid And this is what you get with bitbay people.. lol The head dev of bitbay explains it exactly like I said it http://youtu.be/wZp3Up5Y4pE?t=5m47s No, this is that YOU (RiverBoatBTC) gets, since you are just a low life BS spreader. No you monkey, that's how YOU understand, not how he explains it. Double escrow does not mean 200% of the cost of item. Double deposit escrow means that both BUYER and SELLER must cover the escrow. You sure are a angry little fellow, its ok I know you drink from the bitbay koolaid but when it all comes crashing down. I will just give you a little ;) I'm not angry you shithead, i'm just straight as an arrow and I'm not following my tail before saying something in someones face. You learn a freaking new work and you are repeating that shit like a broken clock. koolaid, koolaid...your post history is full of it. by the way, beware of user qawzsx. He was already deep into sharecoin scam, even though he removed his posts and re-register his username. https://bitcointalk.org/index.php?topic=587051.msg7477494#msg7477494 Yes, thanks for your money bitch. Now piss off Title: Re: Would you put 200% of the cost of a Item in escrow? Post by: djm34 on December 10, 2014, 01:32:30 PM Been talking to some people about escrow, one of the systems requires users to put the cost of a item in escrow time two. For instance you buy a miner for 5BTC you must put 10BTC into escrow. The seller is also required to put up the cost of the item into escrow. If you and the other person do not agree you and the seller lose all the coins to the escrow system. So the system would get 15BTC from the dispute. Would you use a system like this? First of all, you are stupid Second, you don't need to put 200% Third, the system would get nothing from the dispute The conclusion, you are stupid You put WHATEVER amount you agree with the party. Seller and buyers agrees whatever the amount suits them best. There no "if you and the other person do not agree". If that happens in a friendly manner, both seller and buyer gets their escrow "fee" back. This system can only work like this... lose-lose or win-win. The incentive for scamming the party is 0, so why bother starting a fraudulent transaction? oh, and lets not forget, you are stupid And this is what you get with bitbay people.. lol The head dev of bitbay explains it exactly like I said it http://youtu.be/wZp3Up5Y4pE?t=5m47s No, this is that YOU (RiverBoatBTC) gets, since you are just a low life BS spreader. No you monkey, that's how YOU understand, not how he explains it. Double escrow does not mean 200% of the cost of item. Double deposit escrow means that both BUYER and SELLER must cover the escrow. You sure are a angry little fellow, its ok I know you drink from the bitbay koolaid but when it all comes crashing down. I will just give you a little ;) I'm not angry you shithead, i'm just straight as an arrow and I'm not following my tail before saying something in someones face. You learn a freaking new work and you are repeating that shit like a broken clock. koolaid, koolaid...your post history is full of it. by the way, beware of user qawzsx. He was already deep into sharecoin scam, even though he removed his posts and re-register his username. https://bitcointalk.org/index.php?topic=587051.msg7477494#msg7477494 Yes, thanks for your money bitch. Now piss off also don't forget his cryptomart scam: https://bitcointalk.org/index.php?topic=624906.0 Title: Re: Would you put 200% of the cost of a Item in escrow? Post by: qawzsx on December 10, 2014, 01:40:33 PM Been talking to some people about escrow, one of the systems requires users to put the cost of a item in escrow time two. For instance you buy a miner for 5BTC you must put 10BTC into escrow. The seller is also required to put up the cost of the item into escrow. If you and the other person do not agree you and the seller lose all the coins to the escrow system. So the system would get 15BTC from the dispute. Would you use a system like this? First of all, you are stupid Second, you don't need to put 200% Third, the system would get nothing from the dispute The conclusion, you are stupid You put WHATEVER amount you agree with the party. Seller and buyers agrees whatever the amount suits them best. There no "if you and the other person do not agree". If that happens in a friendly manner, both seller and buyer gets their escrow "fee" back. This system can only work like this... lose-lose or win-win. The incentive for scamming the party is 0, so why bother starting a fraudulent transaction? oh, and lets not forget, you are stupid And this is what you get with bitbay people.. lol The head dev of bitbay explains it exactly like I said it http://youtu.be/wZp3Up5Y4pE?t=5m47s No, this is that YOU (RiverBoatBTC) gets, since you are just a low life BS spreader. No you monkey, that's how YOU understand, not how he explains it. Double escrow does not mean 200% of the cost of item. Double deposit escrow means that both BUYER and SELLER must cover the escrow. You sure are a angry little fellow, its ok I know you drink from the bitbay koolaid but when it all comes crashing down. I will just give you a little ;) I'm not angry you shithead, i'm just straight as an arrow and I'm not following my tail before saying something in someones face. You learn a freaking new work and you are repeating that shit like a broken clock. koolaid, koolaid...your post history is full of it. by the way, beware of user qawzsx. He was already deep into sharecoin scam, even though he removed his posts and re-register his username. https://bitcointalk.org/index.php?topic=587051.msg7477494#msg7477494 Yes, thanks for your money bitch. Now piss off Are you that retarded? How the fuck can I scam people on ShareCoin? :))) I lost money with that coin too. Anyway... Title: Re: Would you put 200% of the cost of a Item in escrow? Post by: RiverBoatBTC on December 10, 2014, 01:44:54 PM So let me get this straight people warned you about sharecoin, and you called them names? but you lost money...
Now people are warning you about bitbay and you call them names. Do you see a something here? Maybe you should stop calling people names and listen to them so you do not lose more money? Title: Re: Would you put 200% of the cost of a Item in escrow? Post by: djm34 on December 10, 2014, 01:47:29 PM Are you that retarded? How the fuck can I scam people on ShareCoin? :))) You insulted, threatened anyone saying that sharecoin was a bit fishy... and you even removed all your post on that thread once it was discovered that dev had ran away with the money I lost money with that coin too. Anyway... Either way, your support on any coin should be a big no go to anyone with at least 2 brain cells. You are either a scammer or have absolutely no judgment or common sense and you will keep insulting people rather than examining the facts. Title: Re: Would you put 200% of the cost of a Item in escrow? Post by: RiverBoatBTC on December 10, 2014, 03:33:33 PM Are you that retarded? How the fuck can I scam people on ShareCoin? :))) You insulted, threatened anyone saying that sharecoin was a bit fishy... and you even removed all your post on that thread once it was discovered that dev had ran away with the money I lost money with that coin too. Anyway... Either way, your support on any coin should be a big no go to anyone with at least 2 brain cells. You are either a scammer or have absolutely no judgment or common sense and you will keep insulting people rather than examining the facts. thank you for that information djm34 |