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Author Topic: [ANN] [ICO] BITBASE Escrow Technology Changing Smart Contracts as Whole  (Read 102378 times)
markelie7777
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December 26, 2017, 11:15:59 AM
 #2481

What​ ​is​ ​BITBASE

Website bitbase.io

BITBASE is the very first coin that has changed smart contracting as a whole and fixed it’s
flaws, BITBASE is the very first coin to allow you to recover your coins in case of a transaction
that goes bad. This could be useful in many ways, along with that companies like
www.escrow.com , www.ebay.com , www.paypal.com and many more can implement it, Why
should these companies integrate BITBASE, BITBASE coin could easily be integrated with their
buyer/seller protection feature.


BITBASE is not just a coin it’s an advancement to the blockchain technology as a whole it
doesn't just end there. BITBASE also offers a unique VISA card that allows users to shop online
with ease and no hassle.


Why we invented BITBASE, in the Crypto industry there are many scammers about with the
current crypto technology, due to that the crypto technology is rising very slowly with BITBASE
technology in place the calculations show that the crypto technology market will attract more
people everyday, since people will not fear losing their coins.
BITBASE team, you will find all the information about the BITBASE team below on this WHITE
PAPER and also on the homepage of www.btibase.io
BITBASE the future of cryptocurrency. Now let's see some advantages of BITBASE




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.

============

We are hiring developers for the bitbase escrow technology, Use the contact form here to apply https://bitbase.io/contact-us

https://bitbase.io

   SCAMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM
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Gleb Gamow
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December 26, 2017, 05:10:05 PM
 #2482

See my sig if you got burned by Bitbase. That's the best I can do to ensure that you recover some of your loses.
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December 29, 2017, 03:11:29 AM
 #2483

Yakov  your real name is Zaki Hashmi
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December 29, 2017, 10:34:54 AM
 #2484

where did you find this informations samsonn25 ?
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December 29, 2017, 12:32:25 PM
 #2485

Page 4.    I wish we had a pic
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January 02, 2018, 12:50:04 AM
 #2486

bitbase is dead
dont buy btbc coin on CE
its dead coin  Grin Grin Angry Angry

SafeKeet ICO: A new cryptocurrency for a Simple, Smart & Secure digital safe deposit box
—————— ■  ICO SALE FEBRUARY 1, 2018  ■ ——————
WhitepaperBitcointalk ANNTelegramTwitterFacebookLinkedIn
Gleb Gamow
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January 03, 2018, 02:19:50 AM
 #2487

where did you find this informations samsonn25 ?

The info came from me via Google-fu off social media sites et al. I'm not sure if I can revive what or how I found it, but the connections were strong at the time.

To help you guys who got burned via Bitbase in spite of mine and others warnings, follow the link in my sig to see if that's something you'll be interested in. If so, when you reach this page - http://yutubopolis.center/ico/ - insert 25%Bitbase in the referral field to earn 25% YTC or pay 25% less for your intended purchase. The best I can quasi-promise is that you'll most likely turn every U$0.0075 into ~U$0.80 come February 2018, because YTC will have the purchase power of no less than U$1.00 each on our site regardless of what the exchange rate is at the time, else the highest (or average, depending on market conditions) exchange rate prevails.
dionebtc
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January 06, 2018, 06:28:38 PM
 #2488

It's hard to believe that this thread is still active.
KingGu
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January 07, 2018, 02:54:09 AM
 #2489

It's hard to believe that this thread is still active.

If you pay attention to BTBC, you will find that it is slowly rising, and at least one point per day is going up. Now do your best to prepare for the future. It will be an amazing reward for your efforts!

Look at BTBC up 1 point per day.
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January 07, 2018, 03:06:16 AM
 #2490



Dear members,

Thank you everyone for not loosing faith in BTBc and continue the journey with people that are actually interesting in changing something.

Currently for the last 24 hours ranking according to coinmarketcap.com we are on number #42 in World Coins with a total of 0.06% total transactions worldwide, that is an incredible start and with more exchangers added that will only grow grow and grow.

Best Regards

https://bitbase.io/images/Rank-CoinMarketCap.png




I hope he don't give up on yourself, like a person's life only once, don't get too bad, because it's not worth it, money is just a thing apart, the meaning of life is, as long as you work hard, I times, until you are successful, please don't let me down, don't disappoint all of you trust.
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January 07, 2018, 04:42:08 AM
 #2491



Dear members,

Thank you everyone for not loosing faith in BTBc and continue the journey with people that are actually interesting in changing something.

Currently for the last 24 hours ranking according to coinmarketcap.com we are on number #42 in World Coins with a total of 0.06% total transactions worldwide, that is an incredible start and with more exchangers added that will only grow grow and grow.

Best Regards






I hope he don't give up on yourself, like a person's life only once, don't get too bad, because it's not worth it, money is just a thing apart, the meaning of life is, as long as you work hard, I times, until you are successful, please don't let me down, don't disappoint all of you trust.

I never got any tokens from this project. The website is offline and this is probably a scam so thin twice before investing and better do not at all.



APPLY FOR INVESTMENT
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Armin Prost
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January 07, 2018, 07:13:37 AM
 #2492

Site closed, what news about project?

no news, just buy more, soon, it will reach 10$ with Dogecoin !
https://bitcointalk.org/index.php?topic=2350803.0
This project looks quite similar, don't you think?
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January 07, 2018, 09:15:12 PM
 #2493

How scary. ETHLend is a better choice.
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January 08, 2018, 04:40:48 PM
 #2494

wow, seriously, this is 1 scam?. Poor ppl tha got raped on this one, horrible.
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January 09, 2018, 12:35:57 AM
 #2495

wow, seriously, this is 1 scam?. Poor ppl tha got raped on this one, horrible.

Look at BTBC up 1 point per day.
Dear Yakoff ....hope you burn in hell  Wink

Look at BTBC up 1 point per day.
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January 11, 2018, 09:34:08 PM
 #2496

What will we have for the impeccable reliability of the exchange of experiences in the form of altcoyins and that if we get together and start risking our parts of the tokens for each transfer creating a deposit amount
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January 17, 2018, 12:16:50 AM
 #2497

IMPORTANT

Pool http://mpos-pools.com/btbc moved to new server.
To access use, please, http://s2.mpos-pools.com/btbc
Stratum settings didn't change

Apologise for inconvenience. It took more time
than expected.
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January 18, 2018, 04:42:40 PM
 #2498

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.

NO, IT's not SCAM.
You Fool

So, who is fool?
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January 19, 2018, 06:24:40 AM
 #2499

why are we still here Huh
mod should close this thread and mark it as SCAM Grin Grin

SafeKeet ICO: A new cryptocurrency for a Simple, Smart & Secure digital safe deposit box
—————— ■  ICO SALE FEBRUARY 1, 2018  ■ ——————
WhitepaperBitcointalk ANNTelegramTwitterFacebookLinkedIn
YuTü.Co.in
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January 20, 2018, 02:45:51 AM
 #2500


why are we still here Huh
mod should close this thread and mark it as SCAM Grin Grin



Now that's a novel idea! Then Mr. Fuzznutov will come outta the woodwork and sue the forum for defamation of character.

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