OGNASTY’S LEGENDARY BITCOIN ESCROW SERVICE (More than 19K BTC transferred!)

[OgNasty]

Hi there, a few questions - If I'm happy with the work I can request you to release the funds, and if not would I get a refund? Can the seller get in touch with you, too?

Terms would be whatever you set with the seller. The buyer would ultimately have to release funds, or the seller would have to agree to a refund.

[Icedcoffee]

I'm sorry I'm new to all this. What do you mean by reversible payment method. So if the seller doesn't deliver the product or service I don't get my funds back?

[OgNasty]

I'm sorry I'm new to all this. What do you mean by reversible payment method. So if the seller doesn't deliver the product or service I don't get my funds back?

I mean I don’t escrow for things like PayPal payments.

[Icedcoffee]

I'm sorry I'm new to all this. What do you mean by reversible payment method. So if the seller doesn't deliver the product or service I don't get my funds back?

I mean I don’t escrow for things like PayPal payments.

It's not a paypal payment. I will be hiring someone for a service and if he delivers you can release the payment. I'll be sending BTC from my personal wallet. And if the seller fails to deliver, will I get a full refund?

[OgNasty]

Hello, are you still active?

Yup.

[Lv123]

I've been looking all over the place for reliable BTC escrow service, and this seems to be the best bet even tho i'm pretty uncomfortable sending to a complete stranger on the internet. However, would you, if my counterpart agrees mediate a transaction of digital property for BTC. (i'm buying)

[OgNasty]

I've been looking all over the place for reliable BTC escrow service, and this seems to be the best bet even tho i'm pretty uncomfortable sending to a complete stranger on the internet. However, would you, if my counterpart agrees mediate a transaction of digital property for BTC. (i'm buying)

Sure. See the first post in this thread for an example of how to move forward.

[zenyatta2019]

Hi there, I've sent you a message regarding using Stable coins for escrow?

could you please reply when you're available, I'd like to get this show on the road.

[OgNasty]

Hi there, I've sent you a message regarding using Stable coins for escrow?

could you please reply when you're available, I'd like to get this show on the road.

I do not have any interest in working with stable coins. Their existence is a mystery to me.

[zenyatta2019]

Ok, then Btc should be fine, I'll wait for confirmation from @meddzs

[JollyGood]

If you have escrowed over 19,000 BTC then that is a monumental figure. The thread was started in 2013 and still going strong. Congratulations.

Just curious, what would you recall as your worst ever transaction that caused you most problems dealing with users?

And what was the amount for single largest escrow you facilitated?

[Harkorede]

And what was the amount for single largest escrow you facilitated?

In terms of fiat equivalent, that should be holding 500 BTC for the forum, which was returned unscathed when the value was ovet $4 Million, that's highly commendable!  

[JollyGood]

I think I read somewhere about there being multi-sig wallets used for holding forum related money (adverts/donations etc) which required two of three people (theymos, OgNasty and another user I cannot recall) to withdraw funds which was supposed to provide a back up mechanism in case one of three became incapacitated for one reason or another

Yes $4 million is a large sum of money and if what you say happened then it definitely is highly commendable.

And what was the amount for single largest escrow you facilitated?

In terms of fiat equivalent, that should be holding 500 BTC for the forum, which was returned unscathed when the value was ovet $4 Million, that's highly commendable!  

[Harkorede]

I think I read somewhere about there being multi-sig wallets used for holding forum related money (adverts/donations etc) which required two of three people (theymos, OgNasty and another user I cannot recall) to withdraw funds which was supposed to provide a back up mechanism in case one of three became incapacitated for one reason or another

Yes $4 million is a large sum of money and if what you say happened then it definitely is highly commendable.

Yes, It is currently,  held by 3 of 5 multi-sig (Theymos, OgNasty, DarkStar_, minerjones and another user I can't recall as well) but prior to the multi-sig which happened about a year ago, Og held the said funds since 2013 IIRCC.

PS: Apologies to OgNasty for the derailing his thread 

For anyone looking to escrow, with OgNasty, you can be well assured that you're in safe hands!

[OgNasty]

If you have escrowed over 19,000 BTC then that is a monumental figure. The thread was started in 2013 and still going strong. Congratulations.

Just curious, what would you recall as your worst ever transaction that caused you most problems dealing with users?

And what was the amount for single largest escrow you facilitated?

Thank you.  Surprisingly, there have been very few issues ever with my escrow service.  Some users have tried to use my service to scam, TMAN comes to mind as someone who has repeated back to me things I've said only to wannabe escrow scammers, but I leave the deal up to those involved to resolve their own issues.  The worst deal ever was probably a buyer who claimed that a great deal of hardware was faulty, but the seller refused to entertain the idea and told him to finish the deal or send back the hardware.  Eventually the buyer released escrow instead of returning the claimed "faulty" equipment and everyone was happy.

I've handled a couple of six figure escrows, and many five figure escrows.  The only fun one that comes to mind was the CryptoKitties domain name.

I never considered my position as treasurer of this forum to be an escrow, but it is true that I was the sole holder of the private key holding ten million dollars worth of forum funds at one point in time.

[JollyGood]

It makes interesting reading about how various trades went and the experiences attached to them. With you completing so many escrows there were always going to be some ups and downs like that "faulty hardware" one...

These are amazing statistics with regards to the 5 and 6 digit escrows and of course the $10 million of forum funds you held at one time so that alone should eliminate any doubt anybody might have. Your trust is also something solid, I cannot recall ever seeing +97 trust before so it stands to reason if I need an escrow I know who to get in touch with.

I have occupied enough space on your service thread so will refrain from posting further unless necessary but once again, congratulations on the upkeep of your escrow service successfully for so many years.

Thank you.  Surprisingly, there have been very few issues ever with my escrow service.  Some users have tried to use my service to scam, TMAN comes to mind as someone who has repeated back to me things I've said only to wannabe escrow scammers, but I leave the deal up to those involved to resolve their own issues.  The worst deal ever was probably a buyer who claimed that a great deal of hardware was faulty, but the seller refused to entertain the idea and told him to finish the deal or send back the hardware.  Eventually the buyer released escrow instead of returning the claimed "faulty" equipment and everyone was happy.

I've handled a couple of six figure escrows, and many five figure escrows.  The only fun one that comes to mind was the CryptoKitties domain name.

I never considered my position as treasurer of this forum to be an escrow, but it is true that I was the sole holder of the private key holding ten million dollars worth of forum funds at one point in time.

[OgNasty]

I’m asked to handle low value escrows quite often and I usually try to steer users toward cheaper services in those scenarios. While I won’t deny my escrow service is the most proven as being trustworthy on this forum for many reasons, users should consider if it is necessary to select it for some lower value trades.

[maskforbitcoin]

Hi I'm looking to sell some masks for bitcoin. Are you available for escrow? thanks.

[OgNasty]

Hi I'm looking to sell some masks for bitcoin. Are you available for escrow? thanks.

No.  I do not wish to help people trying to profit from a health crisis.  If you have masks, donate them to places in need.  If you know where to get them, share that information with others.

[ajobesalim]

Do you accept money transfers? For instance I want to buy Western Union money transfer from a guy.