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

[Sumerian]

Hi, I'm looking for someone to escrow my prizes. I'm holding a contest and 3 winners will be selected by me. This means I will give away 3 prizes, 0.1 btc, 0.25 btc and 0.5 btc. I will start off with 0.1 btc, I will pm you as soon as I pick a winner. However, this could take a few weeks.

 Could I do business with you?

No.  I don't see any benefit to providing escrow for this scenario except adding a false sense of trust.  If you're choosing the contest winners, then you could easily select friends or aliases as winners and that would undermine the escrow.  It sounds to me like you need someone to build you a trustless lottery system.  

First off, don't make accusations before knowing anything. It's the first time I'm using escrow and yeah I forgot about the fact that you need to choose the winners (else it wouldn't have any point).

There is no reason to become emotional about it.  You asked if we could do business and I explained why I would not provide the service you are requesting.  I turn down quite a few escrow requests for similar reasons.  The only accusation I made was that you need someone to build you a trustless lottery system, which you should view as friendly advice instead of becoming defensive.  I still believe that to be true, as your escrow agent certainly isn't going to choose winners of your contest.

Rofl, then how would I be able to show I'm not "building a trustless lottery system". Ofcourse there are 'escrow agents' that are willing to take 1min of their time to pick a winner, maybe you do not. Besides, my contest is free and no registration is required. It's funny how high ranked members always thinks newer guys are scammers.

[OgNasty]

Hi, I'm looking for someone to escrow my prizes. I'm holding a contest and 3 winners will be selected by me. This means I will give away 3 prizes, 0.1 btc, 0.25 btc and 0.5 btc. I will start off with 0.1 btc, I will pm you as soon as I pick a winner. However, this could take a few weeks.

 Could I do business with you?

No.  I don't see any benefit to providing escrow for this scenario except adding a false sense of trust.  If you're choosing the contest winners, then you could easily select friends or aliases as winners and that would undermine the escrow.  It sounds to me like you need someone to build you a trustless lottery system.  

First off, don't make accusations before knowing anything. It's the first time I'm using escrow and yeah I forgot about the fact that you need to choose the winners (else it wouldn't have any point).

There is no reason to become emotional about it.  You asked if we could do business and I explained why I would not provide the service you are requesting.  I turn down quite a few escrow requests for similar reasons.  The only accusation I made was that you need someone to build you a trustless lottery system, which you should view as friendly advice instead of becoming defensive.  I still believe that to be true, as your escrow agent certainly isn't going to choose winners of your contest.

Rofl, then how would I be able to show I'm not "building a trustless lottery system". Ofcourse there are 'escrow agents' that are willing to take 1min of their time to pick a winner, maybe you do not. Besides, my contest is free and no registration is required. It's funny how high ranked members always thinks newer guys are scammers.

You are correct, I will never "pick" anything.  I'm not saying you're dishonest.  I'm saying you are trying to circumvent the trustless business environment by taking the shortcut of asking a trusted member to do the lifting for you.

I urge you to take a step back and instead of becoming defensive, respect that I am trying to help you.  I don't run lotteries for 3rd parties, I don't select winners, I don't make accusations.  I simply accept or decline business based on terms and offer my reasoning or advice to those who want to learn.  

I am actually protecting you here, which is why your responses are troubling.  The way you want to have your contest, there will be people who are unhappy they didn't win and when results can't be verified as truly random you will be attacked and accused of things.  You can learn from all of this and respect that I took the time to spell this all out for you, or you can continue to be defensive and hope that in some way helps your situation.

In any event, I wish you good luck and hope that someday I can provide an automated escrow system for trustless lotteries like you want to have so that I can stop denying these requests and making newbies angry with me.

[tdminer]

I have used OgNasty's escrow service multiple times as both buyer and seller.

Always an easy transaction and quick communication.

[GrapeApe]

Just a friendly PSA why trust a stranger with your funds? Go to https://www.bitrated.com/ for true trustless multisig escrow.

I'll help anyone (free of charge) if they don't understand how to use it.

GrapeApe

[Muhammed Zakir]

Just a friendly PSA why trust a stranger with your funds? Go to https://www.bitrated.com/ for true trustless multisig escrow.

I'll help anyone (free of charge) if they don't understand how to use it.

GrapeApe

How can we trust the site? I know its multisig address, is it 2 of 2 or 2 of 3, both would be good? But still even if it 2 of 3, what if you run away with 1 private key(not telling you will)? So in everything, you need to trust someone! I hope you understand what I meant!

   ~~MZ~~

[GrapeApe]

Just a friendly PSA why trust a stranger with your funds? Go to https://www.bitrated.com/ for true trustless multisig escrow.

I'll help anyone (free of charge) if they don't understand how to use it.

GrapeApe

How can we trust the site? I know its multisig address, is it 2 of 2 or 2 of 3, both would be good? But still even if it 2 of 3, what if you run away with 1 private key(not telling you will)? So in everything, you need to trust someone! I hope you understand what I meant!

   ~~MZ~~

Actually you don't have to trust anyone. Best case scenario is 2 of 3 Use your own keys as oppose to the site generated put a time limit on it so the btc is returned if 2 members defect with the keys. Still fuzzy on that part so I struck though it. The third party can be someone like Ognasty if a dispute arises. No trust needed... I must concede that some level of trust is necessary but but on a micro scale compared to the norm here and that’s why you would choose someone like Ognasty to be the 3rd party.

EDIT: All of this can be done using bitcoin-qt without the site at all. Some skills are needed to create and send the raw transactions but I tested it last night. I created a multisig using addresses from 3 different wallet.dat files.
I was able to fund it and release the coins. Proof  http://blockchain.info/address/3F1uvWUxKyDCTgNPtdH6TgtjGLbEvpBWXu

Here is the process https://gist.github.com/gavinandresen/3966071

[enryk]

Just a friendly PSA why trust a stranger with your funds? Go to https://www.bitrated.com/ for true trustless multisig escrow.

I'll help anyone (free of charge) if they don't understand how to use it.

GrapeApe

I am sure people trust the op more than the site, because he clearly is a trusted member and will less likely to scam.

[Muhammed Zakir]

Just a friendly PSA why trust a stranger with your funds? Go to https://www.bitrated.com/ for true trustless multisig escrow.

I'll help anyone (free of charge) if they don't understand how to use it.

GrapeApe

How can we trust the site? I know its multisig address, is it 2 of 2 or 2 of 3, both would be good? But still even if it 2 of 3, what if you run away with 1 private key(not telling you will)? So in everything, you need to trust someone! I hope you understand what I meant!

   ~~MZ~~

Actually you don't have to trust anyone. Best case scenario is 2 of 3 Use your own keys as oppose to the site generated put a time limit on it so the btc is returned if 2 members defect with the keys. Still fuzzy on that part so I struck though it. The third party can be someone like Ognasty if a dispute arises. No trust needed... I must concede that some level of trust is necessary but but on a micro scale compared to the norm here and that’s why you would choose someone like Ognasty to be the 3rd party.

EDIT: All of this can be done using bitcoin-qt without the site at all. Some skills are needed to create and send the raw transactions but I tested it last night. I created a multisig using addresses from 3 different wallet.dat files.
I was able to fund it and release the coins. Proof  http://blockchain.info/address/3F1uvWUxKyDCTgNPtdH6TgtjGLbEvpBWXu

Here is the process https://gist.github.com/gavinandresen/3966071

Yes, it can be done. Gavin Andresen had given a good explanation on BT. Anyway, for users who are non-familiar with multisig(mostly newbies to Crypto), will find it a bit difficult, so for them it is better to use escrows like this!

  ~~MZ~~

[OgNasty]

Just a tip. Thread jacking probably isn't the best way to inspire trust or promote your services. I realize you're upset GrapeApe after me refunding your escrow due to you displaying less than sensible behavior. I'd highly recommend anyone look very closely at any escrow service before sending your coins anywhere. Especially in this instance...

[redsn0w]

Just a tip. Thread jacking probably isn't the best way to inspire trust or promote your services. I realize you're upset GrapeApe after me refunding your escrow due to you displaying less than sensible behavior. I'd highly recommend anyone look very closely at any escrow service before sending your coins anywhere. Especially in this instance...

I've sent you a PM for ask something.  Can you please reply ? Thanks .

[GrapeApe]

Just a tip. Thread jacking probably isn't the best way to inspire trust or promote your services. I realize you're upset GrapeApe after me refunding your escrow due to you displaying less than sensible behavior. I'd highly recommend anyone look very closely at any escrow service before sending your coins anywhere. Especially in this instance...

I'm not trying to hijack your thread and yes I am still upset about how things went down. All I'm suggesting is people could still use your services but in different manner. It's not my website and I'm not offering any services.
I'll stay out now...

[OgNasty]

I've sent you a PM for ask something.  Can you please reply ? Thanks .

Another heads up... This user just asked me to use their 3rd party site to generate a PGP key. I can think of no other reason but a scam to want to provide someone with their PGP key. I'm seeing an uptick in scam attempts targeting myself and users of my escrow services. Please be careful and always check trust history before dealing with anyone.

[redsn0w]

I've sent you a PM for ask something.  Can you please reply ? Thanks .

Another heads up... This user just asked me to use their 3rd party site to generate a PGP key. I can think of no other reason but a scam to want to provide someone with their PGP key. I'm seeing an uptick in scam attempts targeting myself and users of my escrow services. Please be careful and always check trust history before dealing with anyone.

It is only a site that simplify the way  to have pgp key  , please don't  misunderstand    . Good luck with your service.

[MCHouston]

Used to escrow two transactions now for almost 2 BTC, great services always fast response.

[jeppe]

Great escrow!!!
would definitely recommend!!
thanks,
JT

[elaramus]

For anyone considering escrow, OgNasty is highly recommended. I've escrowed at least 7 separate transactions using his services and each and every time, he performs quickly and professionally. OgNasty is the only escrow with my implicit trust!

[josef2000]

There are free escrows out there?

[Muhammed Zakir]

There are free escrows out there?

None I would use.

It is bit outdated threads but you can see available escrow services : https://bitcointalk.org/index.php?topic=108716.0 and https://bitcointalk.org/index.php?topic=276897.0 .

   ~~MZ~~

[Gentso1]

Just completed a transaction with OGnasty as the escrow agent and it went smooth as silk, I would recommend his service

[chronicsky]

Please check PM ,
Thank you