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Question: Please read message below before voting  (Voting closed: September 16, 2015, 01:01:56 AM)
Yes - 13 (6.5%)
No - 188 (93.5%)
Total Voters: 201

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Author Topic: Is escrowing for yourself using a secret alt OK?  (Read 13143 times)
Vod (OP)
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September 09, 2015, 01:01:56 AM
 #1

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THIS POLL WILL RUN FOR 7 DAYS
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I was one of the first people to consistently push for the use of escrow, even before default trust existed.

I view escrow as a trusted third party that can act as a mediator should the buyer and seller disagree. It also prevents the seller from running off the coins, or the buyer stealing intellectual property without paying for it.

An escrow can either be free, ask for tips, or charge a flat or sliding scale. 

If the person you are trading with is also the escrow, you have no protection from intentional fraud or accidental issues.

What do you think?

YES - Earn what you can, however you can.  Doesn't matter if a service is being purchased and not provided.
NO - An escrow should be a neutral third party.  The fee paid is considered like an insurance premium for protection

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BayAreaCoins
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September 09, 2015, 01:06:16 AM
 #2

It is absolutely NOT ok to trick people into using escrow when it is really you hiding behind a alt account.

I will leave negative feedback for that regardless of the possibility of being punished by being removed off the DT.

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onemorexmr
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September 09, 2015, 01:06:38 AM
 #3

I'd say an escrow MUST be a third-party because if you look it up in dictionary all state "third party".
if it isnt the escrower is a liar.

problems, when seller an escrow are the same person:

 - trust abusing in case they left a positive rating afterwards

 - if a fee is collected its effectively stealing

 - in case of a dispute its not possible to make a fair and emotional free decision

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Hexcoin
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September 09, 2015, 01:07:02 AM
 #4

i voted no, using alt account to buy or sell something and use your another account to be the escrow is like buying trust specially if the escrow is asking for fees
BayAreaCoins
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September 09, 2015, 01:08:06 AM
 #5

i voted no, using alt account to buy or sell something and use your another account to be the escrow is like buying trust specially if the escrow is asking for fees

And then they sell the alt account for a higher fee due to their trust.

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Quickseller
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September 09, 2015, 01:09:15 AM
 #6

The risks are exactly the same as if you do a direct trade. However if there is some kind of communication misunderstanding, and you did not clarify these details (as an escrow) then your reputation will be permanently damaged because you did not create a safe trading environment.

If you are doing a direct trade and there is a communication issue, then the answer is "sorry" and your reputation may or may not be affected based on your ability to weasel your way out of the situation.

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onemorexmr
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September 09, 2015, 01:10:40 AM
 #7

The risks are exactly the same as if you do a direct trade. However if there is some kind of communication misunderstanding, and you did not clarify these details (as an escrow) then your reputation will be permanently damaged because you did not create a safe trading environment.

If you are doing a direct trade and there is a communication issue, then the answer is "sorry" and your reputation may or may not be affected based on your ability to weasel your way out of the situation.

...says the person who regularly uses himself as his own escrow for his alts...

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BayAreaCoins
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September 09, 2015, 01:11:31 AM
 #8

The risks are exactly the same as if you do a direct trade. However if there is some kind of communication misunderstanding, and you did not clarify these details (as an escrow) then your reputation will be permanently damaged because you did not create a safe trading environment.

If you are doing a direct trade and there is a communication issue, then the answer is "sorry" and your reputation may or may not be affected based on your ability to weasel your way out of the situation.

Manipulating people into believing that they have paid an unbiased third party to protect them during their trade and it really being you is sketchy as FUCK.

https://AltQuick.com/exchange/ - Trade altcoins & Bitcoin Testnet coins with real Bitcoin. Fast, private, and easy!  Free coins too!
Yofun
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September 09, 2015, 01:13:48 AM
 #9

I am just going to leave this here.....

EcuaMobi
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September 09, 2015, 01:21:13 AM
 #10

I'm pretty sure 'No' is going to win. It's clear it's better for it to be a third party.
Probably we should include in the discussion how bad it is and whether it deserves negative trust.

Personally I'm convinced it's bad and would definitely not use an escrow known to have that behavior, but I wouldn't say he's a scammer and therefore I don't think a negative feedback is deserved [more].
ABitNut
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September 09, 2015, 01:21:21 AM
 #11

Why is this even a question? An escrow should, by definition, be a neutral and trusted third party.

Using an alias pretending to be that is a scam because you're simply not providing escrow at all.
Sourgummies
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September 09, 2015, 01:21:35 AM
 #12

This seems very obvious to me,is this leading or do we actually have a issue with established accounts using alts as escrow?

onemorexmr
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September 09, 2015, 01:23:36 AM
 #13

This seems very obvious to me,is this leading or do we actually have a issue with established accounts using alts as escrow?



yes its an issue.
QuickSeller does this regulary and some DefaultTrust Member thinks it ok and not scammy hence this poll

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botany
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September 09, 2015, 01:25:13 AM
 #14

My vote for no. I would say the escrow has to be a trusted third party.
It has nothing to do with the escrow fees - Even if the escrow is free, I would say that escrow has to be a third party.

I'm pretty sure 'No' is going to win. It's clear it's better for it to be a third party.

This poll is too insignificant for alts to get involved, but you can never be sure.  Wink
Quickseller
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September 09, 2015, 01:25:30 AM
 #15

The risks are exactly the same as if you do a direct trade. However if there is some kind of communication misunderstanding, and you did not clarify these details (as an escrow) then your reputation will be permanently damaged because you did not create a safe trading environment.

If you are doing a direct trade and there is a communication issue, then the answer is "sorry" and your reputation may or may not be affected based on your ability to weasel your way out of the situation.

Manipulating people into believing that they have paid an unbiased third party to protect them during their trade and it really being you is sketchy as FUCK.
Do you think that is all that different from choosing someone you are close friends with as an escrow? Do you think that it might be difficult for an escrow to be 100% unbiased if you are close friends with the escrow? My understanding is that you are close with Salty, and I see that you suggested using him as escrow here.

It is also my understanding that you are close to MRKLYE, to the point that (if my memory serves me right) you left a negative rating against someone who was harassing him. However he is offering your escrow services here.

There is not a 1:1 comparison between these scenarios and escrowing your own deal, however they are very similar. Additionally, it is possible that the person you are trading with may not know you are close.

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Vod (OP)
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September 09, 2015, 01:25:58 AM
 #16

This poll is too insignificant for alts to get involved, but you can never be sure.  Wink

Hey, I'm a grower, not a shower.   Tongue

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Blazed
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September 09, 2015, 01:27:23 AM
 #17

Escrow should be a 3rd party with no bias. Escrowing for yourself via an alt is wrong...no exceptions in my opinion.
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September 09, 2015, 01:29:01 AM
 #18

It shouldn't be enforced, but it's incredibly dishonest to whoever pays for it.
I wish good faith was standard for DT list.
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September 09, 2015, 01:29:25 AM
 #19

Currently there are 3 that voted for YES and 25 for NO, are those 3 came from a single user using his alt accounts to save his reputation here? LOL

someone is trying to live taking fees huehue
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September 09, 2015, 01:30:14 AM
 #20

There have been 29 posts in basically as many minutes.

This is more then as many votes that another poll got in roughly 5 days. Roll Eyes

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