Bitcoin Forum
February 29, 2020, 04:39:41 AM *
News: Latest Bitcoin Core release: 0.19.0.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Buying from a person with BTC: how to protect yourself?  (Read 677 times)
michwill
Newbie
*
Offline Offline

Activity: 54
Merit: 0


View Profile
April 01, 2014, 10:00:09 PM
 #1

What's the most contemporary way of conducing a person-to-person transaction in BTC and get protected?

I mean, when you buy from a company, it usually uses BitPay or a similar thing. What's the best way of protecting yourself when buying at, say, bitcointalk? Escrow, multisig transaction + arbitrator? Or is there some other, better way which I'm missing?
1582951181
Hero Member
*
Offline Offline

Posts: 1582951181

View Profile Personal Message (Offline)

Ignore
1582951181
Reply with quote  #2

1582951181
Report to moderator
AWARD-WINNING
CRYPTO CASINO
ASKGAMBLERS
PLAYERS CHOICE 2019
PROUD
PARTNER OF
1500+
GAMES
2 MIN
CASH-OUTS
24/7
SUPPORT
100s OF
FREE SPINS
PLAY NOW
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1582951181
Hero Member
*
Offline Offline

Posts: 1582951181

View Profile Personal Message (Offline)

Ignore
1582951181
Reply with quote  #2

1582951181
Report to moderator
1582951181
Hero Member
*
Offline Offline

Posts: 1582951181

View Profile Personal Message (Offline)

Ignore
1582951181
Reply with quote  #2

1582951181
Report to moderator
1582951181
Hero Member
*
Offline Offline

Posts: 1582951181

View Profile Personal Message (Offline)

Ignore
1582951181
Reply with quote  #2

1582951181
Report to moderator
ilccoin
Member
**
Offline Offline

Activity: 77
Merit: 10


View Profile
April 02, 2014, 12:58:40 PM
 #2

there is a reputation system
https://bitcointalk.org/index.php?board=129.0

you could also check out https://localbitcoins.com/

CemQJWb3qA3DKsUV8nyfkgRe57zEKgmUm7
TechKing
Newbie
*
Offline Offline

Activity: 13
Merit: 0


View Profile
April 02, 2014, 02:19:21 PM
 #3

there is a reputation system
https://bitcointalk.org/index.php?board=129.0

you could also check out https://localbitcoins.com/

nice advice, hah Smiley
michwill
Newbie
*
Offline Offline

Activity: 54
Merit: 0


View Profile
April 03, 2014, 08:19:10 AM
 #4


Ah, I see. Thank you!
ilccoin
Member
**
Offline Offline

Activity: 77
Merit: 10


View Profile
April 04, 2014, 06:09:56 AM
 #5


You are welcome!

CemQJWb3qA3DKsUV8nyfkgRe57zEKgmUm7
serenitys
Full Member
***
Offline Offline

Activity: 126
Merit: 101

Be Here Now


View Profile
April 04, 2014, 08:42:45 PM
 #6

A very important issue here. Most of humanity has been so conditioned to having a government or corporation "protect" them to the point of turning a blind eye even when they're being blatantly undermined, abused, and ripped off because they have never developed coping skills to protect themselves.

Bitcoin forces people off their knees and makes them have to take on the entire responsibility of security themselves, which is the correct way it should've always been handled...but for convenience, society began to hand it off to someone else on a trust.

Since Bitcoin requires as much trust and faith in others as what we mindlessly give to our banks, governments, escrow agents, and middle men of any nature, people shouldn't be so afraid to take on the job. The real difference is at the end of the day, 100% accountability of that responsibility lies with ourselves, and not the other guy we get to blame when SHTF.


This OP brought to mind the paradigm of people who suddenly realize they're on their own and how many people will be put off by the reality there is no central authority there to protect them, and conclude bitcoin is too risky, but the solution is the same. Accountability of Self is a scary thing for people brought up in servitude...

Removing central authorities and regulators and rule makers means we answer to ourselves and nobody else but we also give up the luxury of blaming someone else when our own carelessness or neglect makes us lose. That's the true test of maturity, responsibility, and adulthood.

Freedom is a dish best served with an intact spine Smiley

You say "anti government" like that's a bad thing...

Unfortunate times will bring out the best in good people and the worst in bad people
Abdussamad
Legendary
*
Online Online

Activity: 2394
Merit: 1256



View Profile
April 05, 2014, 02:52:56 PM
 #7

Escrow is the way to go. There is a list of escrow agents here:

https://bitcointalk.org/index.php?topic=108716.0

Of course you should do your own research into an agent and not rely solely on the list above.

Multi-sig is also an option but it's complicated and not everyone will understand how it works.
LakeBTC
Hero Member
*****
Offline Offline

Activity: 910
Merit: 1000


LakeBTC.com


View Profile WWW
April 08, 2014, 06:49:26 AM
 #8

What's the most contemporary way of conducing a person-to-person transaction in BTC and get protected?

I mean, when you buy from a company, it usually uses BitPay or a similar thing. What's the best way of protecting yourself when buying at, say, bitcointalk? Escrow, multisig transaction + arbitrator? Or is there some other, better way which I'm missing?

OTC trading is always tough. Why not find an exchange like ours, LakeBTC.com ?

LakeBanker: Free Banking for the World     LakeBanker.com   Token Sale. Participate Now!
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!