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Author Topic: [ANN] [ICO] BITBASE Escrow Technology Changing Smart Contracts as Whole  (Read 102500 times)
JoeBloggs1992
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November 13, 2017, 01:05:11 AM
 #2241

scam coin. beware everyone dont buy this shitcoin..
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holua1
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November 13, 2017, 07:10:06 AM
 #2242

What is the main motivation for buying tokens? It is like a security or a utility?
Yakov Fabrizio.
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November 13, 2017, 08:26:06 AM
 #2243

Will comeback Bitbase project will go to the moon again . We are can do it .so many people so happy 😍🏆https://www.coinexchange.io/market/BTBc/BTC
Yakov Fabrizio.
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November 13, 2017, 08:55:19 AM
 #2244

Well comeback Bitbase project will go to the moon again . We are can do it .so many people so happy 😍🏆https://www.coinexchange.io/market/BTBc/BTC

I. You can buy / sell with a piece of mind, you won't lose clients because they won't have
to worry about being scammed.



II. 5x faster than smart contacting.



III. Simple and easy to use system with detailed explanation to accept the coin with the
current payment gateway you are already using.



1)Traditional​ ​concept


Traditionally, Person A sends the funds to Person B, and in turn Person B sends item to Person
A to complete the trade.
In a smart contract; there is an additional level of protection, unfortunately it protects the buyer
only. When conducting a trade with a smart contract, Person A sends coins via Escrow feature
(smart contract) where both parties must agree to release the coins to complete the transaction.
However if the buyer does not agree, the funds or coins are returned to the buyer after a time
limit. There is a huge flaw in today’s blockchain smart contracts, because they only protect the
buyers.




In fact today’s smart contracts may very well promote fraud on the part of the buyers. If a seller
has shipped a product or item, and the smart contract keeps the coins held in escrow until both
parties agree to release them, but what if the buyer decides not to release or confirm the
transaction, despite the fact that they received the goods? Any buyer can easily take advantage
of this huge flaw in the so called smart contracts.
If confirmation is not received by both sides, the coins are eventually returned to the buyer, after
a predetermined time limit. In this case the seller losses the product and eventually will be out of
business. We can clearly see that today’s blockchain smart contracts are in fact far from being
smart.



2)​ ​Our​ ​Difference.​ ​The​ ​Concept:


In our system, let's assume: we have a group chat. Person A and Person B are trading. Both
ask Person C to send them an escrow identifier, Person C generates one (through his wallet)
and pastes it in the chat, Person C also gets a unique hash password to control the outcome of
the transaction. Once both parties are happy, Person C releases the money. If either one of the
parties is not happy, then the transaction is held in escrow during the dispute process, until such
time that a resolution has been determined. E.G: like Paypal dispute & resolution center.
Person A binds the transaction (coin-cli generate payment [amount] [recipient’s address]
[escrow ID]) to the escrow identifier and gives them the payment hash which can be seen at the
blockchain explorer. Person B sends the item to Person A.




3)​ ​Case:​ ​Both​ ​parties​ ​are​ ​happy


Both parties ask the escrow to release the funds. Escrow executes the command: coin-cli
release funds [escrow ID] [escrow PASSWORD]



4)​ ​Case:​ ​Parties​ ​are​ ​not​ ​happy


In case of dispute, escrow decides in favor of Person A, then he/she can execute coin-cli return
funds [escrow ID] [escrow PASSWORD], otherwise if Escrow sides with Person B, then coin-cli
release funds [escrow ID] [escrow PASSWORD]




5)​ ​Normal​ ​Send/Receive​ ​Transactions:


If user wants to send a transaction as a normal payment, user can choose to do so, and it will
just be broadcasted to the network just like bitcoin, but if they want to send via escrow the
concept above should take place this can be done with the existing bitcoin code. You can find
several links and Bitcoin commands at the bottom of this page that will make more sense to
developers.



6)​ ​Case​ ​Studies:


A programmatically API will help you extend the functionalities of the BITBASE coin!
1. For companies like Escrow.com and PayPal, they can act as the direct escrow with the
assistance of our programmable node. They will be able to generate escrow ID, process
transactions, release funds all programmatically. This could integrate well with their buyer/seller
protection feature.



2. Similarly for companies like eBay, Amazon, our smart contract BITBASE technology will allow
any company, business or online website to use the node to generate escrow requests on the
go. They can decide to release the funds after X days after buyer expresses their satisfaction.
They could relatively depend upon the seller's reputation. Good reputation, less time to release
funds.
vergegod
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November 13, 2017, 09:18:36 AM
 #2245

There are similar projects like this project. Which are omisego, request network. What are the similarities and differencies with this project ? It is not certain that such a project will succeed when there are big projects such as omisego.

Such projects have begun to attract a lot of attention. With these scam projects started to come. I do not think it's realistic. People who are trying to take advantage of the people. it's hard for them to struggle with their strong opponents.
I don't know what bring inside into their minds why they have to stole others work and use it on unacceptable deeds. Does money really bring the devil out of them?

When did bitbase steal..Bitbase still in prelaunch..3 weeks down the line will ask who stealing? bitbase is here to stay :-)


A good example is regalcoin :-) did any1 expect it to grow so fast? We see many users here who say shit bla dump ect scam coin as no white paper no team :-) in coin industry one need to know a coin is just a coin somtimes with a reason behind it a concept..No coin can replace bitcoin, Ether unique cin ripple again has another good concept followed by many. Know one knows the potential of a coin until its launched. Its a shame bitbase is has good concept and only time will tell on official launch what happens. Look at the concept not me. Its not my loss its a win win situation example regalcoin from nowhere to somwhere and next on the list will be bitbase.

This Yakov. . .  Angry
vergegod
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November 13, 2017, 09:29:07 AM
 #2246

This is a scam, all of you dumb enough to put your money here, don't expect any sympathy when you cry in scam accusations' section pretty soon.D umb people everywhere.

People shoul've listened to you. . .  too late now Grin Grin
Filmmmakerr
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November 13, 2017, 10:39:52 AM
 #2247

Will the real Yakov Please stand up? LOL

Campaign Manager (2018)
item-ax
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November 13, 2017, 10:45:01 AM
 #2248

boys, a way to denounce this person, frigate many people would be denounced ...... fuck I lost $ 2000

we have all warned you, but you prefered money instead of being smart. now yakov is happy with your invest ... Thanks 10000 x gleb , you are the greatest

I do wish yakov can come back and shut ur dumb mouth up.

But if he doesn't then you deserve all the glory and fame.

idiot, sheep, fool , give more money to yakov idiot , lol Cheesy
vergegod
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November 13, 2017, 11:37:31 AM
 #2249

Will the real Yakov Please stand up? LOL

Nah I like the new YAKOV. . . at least he replies  Grin Grin
dionebtc
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November 13, 2017, 02:22:53 PM
 #2250

Will the real Yakov Please stand up? LOL

Nah I like the new YAKOV. . . at least he replies  Grin Grin

+1000000
margana
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November 13, 2017, 03:03:00 PM
 #2251

Before they closed down the website (bitbase.io) once you were logged in, it looked a lot like a bitconnect type Ponzi scheme scam. Didn't look anything like an escrow system at all, just another crypto Ponzi scheme.
Nakia215
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November 13, 2017, 04:27:18 PM
 #2252

Incidentally, I Googled BitBase organization and found out that this is the actual company and Yakov may be the actual founder

Really? Please provide us with the actual link to the real organization info.
i did you all scrolled pass it the whole crew
Andreas89
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November 13, 2017, 07:03:20 PM
 #2253

The more you people yell scam, the more i belive in Yakov Smiley Let's wait and see what happens Smiley I still belive in him Smiley Smiley
vergegod
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November 13, 2017, 08:29:38 PM
 #2254

The more you people yell scam, the more i belive in Yakov Smiley Let's wait and see what happens Smiley I still belive in him Smiley Smiley

This is probably YAKOV. . . "date registered: Today". Enough said.
item-ax
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November 13, 2017, 09:16:08 PM
 #2255

The more you people yell scam, the more i belive in Yakov Smiley Let's wait and see what happens Smiley I still belive in him Smiley Smiley

lol , newbie account first post on bitbase scam shit lol .. we trust you yakov lol
Yakov Fabrizio.
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November 14, 2017, 12:14:30 AM
 #2256

🏆BITBASE Will go to the moon again buy and hold it now price good for buy will up 750sat 🚀sgain next day https://www.coinexchange.io/market/BTBc/BTC
darkjuk
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November 14, 2017, 02:01:58 AM
 #2257

please check eth issue
i sent ETH on 2017.10.28
how can i check this
yakov please check your message box
vergegod
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November 14, 2017, 06:09:18 AM
 #2258

🥇Now #BTBc starting update website again use best project coming soon next few day hold for all have bitbase  will go to the moon 🚀good luck all member🏆https://www.coinexchange.io/market/BTBc/BTC

I love this YAKOV Fabrizio  Cheesy

When new website and coin?
Andreas89
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November 14, 2017, 08:38:17 AM
 #2259

No, im not Yakov with new account. And how the hell can i sell if i didn't moved my coins from bitbase.io website Cheesy ? I bought in the ICO and was ready to hold for a long time. Start was promising, 6.44$ each... impressive. Hope to see a new project where all my coins will be transferred over. So BTBc can go to the moon or not, I have no way to get to my coins. I rather hope till death that this new project is not just a talk, but reality.
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November 14, 2017, 08:45:14 AM
 #2260

Yakov, I knew where your server is located and I knew what your ISP is although you're hidding behind cloudfare

I'm giving you 1 more week as you promised before exposing you

what is your plan dude ?

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