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Author Topic: Prevention is better than a cure. Please escrow.  (Read 159064 times)
Postlegend
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September 01, 2017, 10:45:44 PM
 #221

Using escrow is a safe choice, however it's not without risk. Some accounts may have been hacked/bought/sold, which may lead to huge scams. It's better to rely on trusted traders, ones with great trust, etc. Using escrow may also cost you 1% off your total, which is usually paid by the borrower/buyer. It's just an extra pain. Just don't buy from untrusted members of Bitcointalk, there are plenty of senior members to buy/borrow from.

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ALWASA
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September 05, 2017, 12:17:35 PM
 #222

Using escrow is a safe choice, however it's not without risk. Some accounts may have been hacked/bought/sold, which may lead to huge scams. It's better to rely on trusted traders, ones with great trust, etc. Using escrow may also cost you 1% off your total, which is usually paid by the borrower/buyer. It's just an extra pain. Just don't buy from untrusted members of Bitcointalk, there are plenty of senior members to buy/borrow from.

Im very glad that you totally shared this information to everybody, it gives me the idea that i will not be able to give my fully trust to anyone because ill be experiencing those people who scam later on.

tongokongo
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September 17, 2017, 09:42:08 PM
 #223

I started my escrow services like a week ago. As I am strongly connected to NEM blockchain, doing talks, owning a youtube channel and being a public figure, I decided to create my service for people. For now buying/selling NEM ralated tokens was super risky. And in one week I made more than 1 BTC in trades, getting knowledge in every trade. I really think that escrow work isn't easy, you need to deal with people and be nice and of course your word need to be the most important thing.

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muhammedb
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September 18, 2017, 02:53:49 PM
 #224

In online trade they are many scams, which can cost all online trader hug lost and no body is above the standard of scam or harker, so to me I think the only way to avoid this is to always use escrow in any trade u do online, which stand as midman between d smaller and the buyer in online trade, and I have no rike at all.
fanou1989
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September 18, 2017, 04:05:51 PM
 #225

I've heard it's always a good idea to get an escrow if you're working with people offshore, but I think it's a good idea whenever you're working with someone new. After all, an ounce of prevention is worth a pound of cure.
muhammedb
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September 19, 2017, 02:56:18 PM
 #226

As an online investor, I think is good to you an escrow and be free from online fraudstar which cause problem to online investor but with this escrow u are free free to do online transaction without fair. Get to you escrow in online business.
RautK
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September 19, 2017, 09:39:37 PM
 #227

Thank you for the good willed advice ..
appleffi
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September 23, 2017, 10:55:59 AM
 #228

Indeed prevention is better than cure! And by disseminating the use of escrow, bitcoin users including me can avoid any fraud or scam. It was recently where I learned about escrow through reading post on services board which they use to regulate funds between the campaign manager and its members.

justatrader
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September 26, 2017, 11:21:11 AM
 #229

I have a silver 10btc Casascius physical bitcoin I will be selling and I keep seeing bad things about escrow services (done by individuals). Is there a true list of trusted people as I am now thinking twice about selling it. Can anyone at least be trusted or is there a physical escrow service that can be trusted?

Thanks for your insightful and scary rundown of just how real the scammers are. Cry
Postlegend
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September 26, 2017, 10:42:53 PM
 #230

I have a silver 10btc Casascius physical bitcoin I will be selling and I keep seeing bad things about escrow services (done by individuals). Is there a true list of trusted people as I am now thinking twice about selling it. Can anyone at least be trusted or is there a physical escrow service that can be trusted?

Thanks for your insightful and scary rundown of just how real the scammers are. Cry

If you read the first post, you'll should have found a list of escrows. I've pasted the link for your convenience (https://bitcointalk.org/index.php?topic=855778.0).


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KaydenC
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October 01, 2017, 06:44:22 AM
 #231

I'm offering escrow services using an Ethereum Dapp, called EscrowMyEther: http://escrowmyether.com/


ANN thread: https://bitcointalk.org/index.php?topic=2221107.0


How it works

The buyer initiates an escrow transaction, specifying a seller and escrow agent. The smart contract locks the buyer's funds. Once the buyer receives the item, he can release funds to the seller.

In case of dispute, escrow agent can step in to refund the buyer, or release funds to seller. Seller can also refund the buyer at any time. When the transaction is complete, the seller or buyer (if refunded) can withdraw their funds. Escrow agent can withdraw their escrow fees.

The Dapp dashboard allows the buyer/seller/escrow to view and interact with their escrow transaction history. The Dapp's code is open source and runs from the blockchain. Here's the code: https://etherscan.io/address/0x1c02ce498dc6d0d6ef05a253e021258b07eeba91


Some screenshots






Why it's secure

The smart contract locks the buyer's funds. The Escrow agent never touches the funds, he only has the ability to refund the buyer, or release funds to seller. Even in the rare scenario the escrow agent is compromised, the hacker can only refund/release funds, but cannot steal funds.


Try it out

If you offer escrow services too, you might want to check it out. The dashboard allows all escrowed transactions and their statuses to be easily viewed. Additionally, your intervention is only required when there's a dispute. For a normal transaction, the buyer releases funds himself and no action is required on your part, saving time and transaction costs.


Video guide: https://www.youtube.com/channel/UCLN7fp80Uh8Iwy0tI2jTU0A

Check out EscrowMyEther, a secure and convenient platform to transact in Eth with escrow protection. http://escrowmyether.com/
I offer escrow services for 1%  fee: https://bitcointalk.org/index.php?topic=2221107
snedyolo
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October 07, 2017, 06:26:29 AM
 #232

Of course! Prevention is way better than a cure. It’s like sickness, why wait to have it when you can avoid having it. The same principles apply in the bitcoin community. Using escrow is a good safety precaution method to avoid those kinds of problems.

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rolfmetzger
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October 07, 2017, 08:06:53 PM
 #233

thanks for the info
Ascension Dev
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October 12, 2017, 07:11:18 AM
 #234

Totally agree with this context right here, It is better to be train and ready for exposure of any source to depend on a cure.Ecrow always relates to many different things it just all depends.
samanthabiolena
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October 14, 2017, 01:33:50 PM
 #235

Doing stuff online like buying things or such is such a risk because we know that scammers in the internet is everywhere. Many people are going to pool you just to get a few cents from you. So prevention is really better than a cute because in reality, we can’t just stop and make a solution in this kind of problem in the internet marketplace. You just need to know all the safety measures for you to not experience being scam by any. It is better if you would transact from people that you really know and make sure that you know all her legit details just in case she would pool you, you will know how you will get a hold of her or him. Being scammed is really a prominent in this cyberworld and you wouldn’t know when you would encounter such people so be better safe.
rodik888
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October 21, 2017, 03:29:59 PM
 #236

Hey!

What's a good escrow service which also has an affiliate marketing program?

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Landz1979
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October 21, 2017, 08:00:27 PM
 #237

Prevention is a better way for everybody for use not to transact any escrow Scammer, we need to be aware of any site that we can used. There has a lot of things to make us aware on that, one good example is training, if you are willing to be trained im sure your awareness for any in bad fate you will not need acure because you have a tools for any scam.
portotoi
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October 23, 2017, 06:19:02 AM
 #238

thanx for the information. This topic is really helpful to me, because there are lot of scammers now a days and don't have any idea about this, but is this escrow services of yours are free?

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October 23, 2017, 07:55:40 PM
 #239

It is better and easier to stop a problem from happening than to stop it after it has started. That's why Escrow is created I think. A lot of people said that "it removing the risk from online transaction"

John Luke
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October 24, 2017, 01:37:11 PM
 #240

I understand the `escrow` procedure, my question is what is guarantee for the third part!
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