John (John K.)'s escrow service (previously known as johnthedong)

[John (John K.)]

That would work out just fine john. What would be a good tip? Would you rather a percentage or a flat fee?

I operate on a tip basis, but I'd estimate the average tip amount I get at 0.5-0.8% of the total amount.
This tip amount varies as I'd gladly hold escrow for new users at a token amount, but I'd expect more if the amount were more substantial (I'll need to visit the safe for that) and the contract involved is complex.

[1713494176]

1713494176

[John (John K.)]

I do not require that everyone use GPG; rather, it is mostly used to verify that the addresses I issue come from me and not another impostor. I can hold escrow for such transactions (and I've done a couple of those too), but please remember that I only hold BTC in each transaction. The system would work like this:

1) I receive the amount agreed to at an escrow address.

2) Buyer sends the PayPal transaction.

3a) Seller confirms, escrow released.

3b) Buyer denies receiving of the funds; I instruct either side to change to a temporary password and grant me temporary access to the account to verify the transactions involved. Alternately, screenshots may be provided in the first place as a weaker evidence. Funds released to whichever side that convinces me the most based on hard evidence.

you forgot step 4: buyer charges back PayPal after receiving their purchase and gets their money back. PayPal is bad, mKay...

I know (and I've warned him a ton of times in other threads about that), but it's his freedom. He has stated above too that chargebacks are not refundable nor enforceable due to the nature of Bitcoin, and of course I cannot be held liable for that.

[John (John K.)]

Hello,

I'd like you to escrow this transaction:

https://bitcointalk.org/index.php?topic=148436.20

15 BTC for $510 USD

I can do so, but only if you're willing to wait ~8 hours as I'm tucking in for the day. I'm typing my posts on a mobile on bed. 

[shkiser]

I must have missed you john I apologize. have everything together now, and have pmed you the info. shoot me a pm once you logon

[jgarzik]

Does your service include using actual bitcoin escrow transactions (ex. 2-of-3 multisig)?

[John (John K.)]

Does your service include using actual bitcoin escrow transactions (ex. 2-of-3 multisig)?

I'm looking into that too, but I'm not comfortable with multisig enough to fully trust that over Armory. Also, most of my clients still prefer the regular method due to the ease. I might be offering that in the near future though if anyone specifically requests it.

[ingrownpocket]

https://bitcointalk.org/index.php?topic=147630.msg1595507#msg1595507

Thank you John for the awesome escrow service.
Will be using again. 

[Bicknellski]

Thanks again for the patience and guidance this newb needed in the transaction that you processed for us.

Smooth, reliable and supportive and his escrow services not bad either.

+2 on the OTC.

I will be certainly using Johnthedong for all my escrows from this point forward.

Thanks.

[Bicknellski]

Does your service include using actual bitcoin escrow transactions (ex. 2-of-3 multisig)?

I'm looking into that too, but I'm not comfortable with multisig enough to fully trust that over Armory. Also, most of my clients still prefer the regular method due to the ease. I might be offering that in the near future though if anyone specifically requests it.

Like to learn how. Any tutorials available for this higher level of security for escrows? I like ease as the next guy but a more secure service would be worth the learning curve.

[John (John K.)]

Does your service include using actual bitcoin escrow transactions (ex. 2-of-3 multisig)?

I'm looking into that too, but I'm not comfortable with multisig enough to fully trust that over Armory. Also, most of my clients still prefer the regular method due to the ease. I might be offering that in the near future though if anyone specifically requests it.

Like to learn how. Any tutorials available for this higher level of security for escrows? I like ease as the next guy but a more secure service would be worth the learning curve.

A real-world implementation can be found here: https://bitcointalk.org/index.php?topic=135914.msg1454959#msg1454959

[SuperTramp]

 + + For John's escrow service !!! Just finished up my second transaction using him as escrow and
I must say he is TOP NOTCH !

Thanks again John.

[420]

+ + For John's escrow service !!! Just finished up my second transaction using him as escrow and
I must say he is TOP NOTCH !

Thanks again John.

good working with John as well

$200+ escrow

[deepceleron]

For the love of god, why can't he please go back to his old nick and steal someone's Bitcoins?? I've been waiting for "You got donged!" to be a meme for so long!

[John (John K.)]

For the love of god, why can't he please go back to his old nick and steal someone's Bitcoins?? I've been waiting for "You got donged!" to be a meme for so long!

  I just decided to change my pseudonym as it sounded too...
I had that nick going since 10, and I didn't knew its meaning back then. Imagine my expression when I finally realized what 'dong' meant as a slang.   

[John (John K.)]

Trivia: I imagined bells when I thought up that nick. 

[John (John K.)]

Trivia: I imagined bells when I thought up that nick. 

Yeah... Was telling the guys at the bar a week ago, yeah I let this guy called "John the Dong" escrow $35,000 USD in BTC for me, They where like WTF 

I hope I have better luck in thinking up a pseudonym next time. 
They must've thought I was some kind of gigolo with a bad taste for names. 

[420]

Trivia: I imagined bells when I thought up that nick. 

Yeah... Was telling the guys at the bar a week ago, yeah I let this guy called "John the Dong" escrow $35,000 USD in BTC for me, They where like WTF 

until a few days ago I always thought it was John the dog

[malevolent]

Trivia: I imagined bells when I thought up that nick. 

Yeah... Was telling the guys at the bar a week ago, yeah I let this guy called "John the Dong" escrow $35,000 USD in BTC for me, They where like WTF 

until a few days ago I always thought it was John the dog

haha, me too!

[John (John K.)]

Trivia: I imagined bells when I thought up that nick. 

Yeah... Was telling the guys at the bar a week ago, yeah I let this guy called "John the Dong" escrow $35,000 USD in BTC for me, They where like WTF 

I hope I have better luck in thinking up a pseudonym next time. 
They must've thought I was some kind of gigolo with a bad taste for names. 

That or you were HUGE!    They were then shocked that I had so little info about you, like what country you lived in:)

I'm from Malaysia, a border away from you. 

Trivia: I imagined bells when I thought up that nick. 

Yeah... Was telling the guys at the bar a week ago, yeah I let this guy called "John the Dong" escrow $35,000 USD in BTC for me, They where like WTF 

until a few days ago I always thought it was John the dog

Yeah, I get a ton of PM's addressed to 'Dear Johnthedog'. The cute dog pic didn't helped much. 

[John (John K.)]

The service is humming along nicely - over 1k in BTC transacted in the last week alone!

Thanks everyone!