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Author Topic: [ANN] [ICO] BITBASE Escrow Technology Changing Smart Contracts as Whole  (Read 101962 times)
item-ax
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November 12, 2017, 09:52:16 AM
 #2261

The team is fantastic! I trust these guys)

lol keep trusting them, keep giving your money
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November 12, 2017, 09:57:15 AM
 #2262

boys, a way to denounce this person, frigate many people would be denounced ...... fuck I lost $ 2000
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November 12, 2017, 10:15:22 AM
 #2263

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

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  O HOLD YOUR
OWN KEYS!
  O   O [SUCCESS   
RAISE
US$18mil+]
CoinMiner1989
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November 12, 2017, 10:42:45 AM
 #2264

S00000000000N🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀will comeback go to the moon soon 🏆🏆🏆Bitbase🏆🏆🏆so many peoples waiting keep eyes look to $BTBc 😍😍😍

fake account ...   Grin
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November 12, 2017, 10:59:22 AM
 #2265

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.
panditos
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November 12, 2017, 12:54:37 PM
 #2266

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.

EVENTUM.NETWORK | Real-Time Data & API | Free tokens for trying our ALPHA
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November 12, 2017, 01:27:44 PM
 #2267

I can not wait to receive 5000 BTBc free on YOBIT  Cheesy. I want to see your hand, those ass-licker of this toxic scamming project Angry. I guess they are still crying while Yakov asshole is counting their money Grin.

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November 12, 2017, 03:56:23 PM
 #2268

Yakov
Last Active:    Today at 12:01:44 PM

We are waiting...
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November 12, 2017, 05:26:23 PM
 #2269

Yakov
Last Active:    Today at 12:01:44 PM

We are waiting...

Yes Yakov come to daily basis...and just watching us.. Smiley ... i hope good news come on very soon...
samsonn25
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November 12, 2017, 07:14:11 PM
 #2270

There are still many chances to make this interesting project work.
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November 13, 2017, 01:05:11 AM
 #2271

scam coin. beware everyone dont buy this shitcoin..

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November 13, 2017, 07:10:06 AM
 #2272

What is the main motivation for buying tokens? It is like a security or a utility?

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November 13, 2017, 08:26:06 AM
 #2273

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
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November 13, 2017, 08:55:19 AM
 #2274

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
 #2275

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
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November 13, 2017, 09:29:07 AM
 #2276

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
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November 13, 2017, 10:39:52 AM
 #2277

Will the real Yakov Please stand up? LOL

Campaign Manager (2018)
item-ax
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November 13, 2017, 10:45:01 AM
 #2278

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
 #2279

Will the real Yakov Please stand up? LOL

Nah I like the new YAKOV. . . at least he replies  Grin Grin
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November 13, 2017, 02:22:53 PM
 #2280

Will the real Yakov Please stand up? LOL

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

+1000000
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