Addicted? Can't stop gambling? Lock part of your coins away for a fixed time!

[PRC_May]

Can't stop gambling? Lock part of your coins away for a fixed time!

Trusted Escrow Service

⇒ Lock your coins away for a certain time to limit your gambling losses and protect your Bitcoins

⇒ Coins can be either stored in cold storage or invested in whichever site you trust (be it crowdsourced gambling sites or Bitfinex swaps, it's up to you)

⇒ After the period ends the coins will automatically be transferred back to the agreed upon address.

The idea:
I'm doing these kinds of escrows for a long time already. Recently a user suggested making a thread for it.

Why put coins in escrow?

⇒ Gambling bans etc. don't work.
There is nothing to stop you from gambling coins away for real.
Even giving your codes to a friend etc. won't work. What will he do if you ask him 3 times a day? ...

⇒ No ragebets anymore. I've seen too many gamblers throw away their limits, going nuts after losing their "play stash" and depositing the rest of their coins.

⇒ The solution is to lock them away for a fixed time period with no way to access them until the agreed upon time period has ended.

Here's how it works:
⇒ You send me a PM telling me what you need or post on the thread.
⇒ Agreed time etc. will be posted in public in a different thread together with the address to send back to after the period ends
⇒ Thread will be locked right away to stop editing

Changing between cold storage and investments
⇒ is possible once per period
In case you decide to get out of a dice site and have it all stored in the cold wallet for example.

Fee:
I have to require some kind of fee to make up for the time spent organizing this. This fee is a low 0.9%.

You can also contact me via PM if you need a different kind of escrow or want to stay anonymous.

Edit:

Trust:
A few posts came up questioning my trust on Bitcointalk. I mod for PRCDice.eu currently. You can ask the users on there if you want to. Or click my "trust" link and click "untrusted feedback". The current trust system only "counts" a few members towards the visible display.
Of course you don't have to use the service, it's meant to help people since I see them lose their coins on a daily basis.
My way of "giving back" after being an investor back on JD. (although under a different nick for the sake of my privacy)

[Buffer Overflow]

Nice idea but one thing that bothers me.
Using this service is in itself a gamble that the person is going to get their coins back.

[PRC_May]

Of course they have to trust me, but I'm "in the scene" for a long time now.
I'm also a mod over at PRC. (Investments can be made in any site of course, your coins your decision.)


This was requested a lot so I've decided to make a thread for it. It's supposed to help people, not make money off em.  

Seeing people lose everything never gets easier. This is the only way to really help them.

[Babba D]

I have a better idea , you withdraw all your coins and buy some gold coins ( if money is less than 100 $ then spend on your wishes like mobile , burgers , etc lol ) and that way you are not gonna hand your coins to someone else

[humble77]

You have not much activity and no trust so I wouldn't trust you.

[PRC_May]

@Babba D
Too hard for an addicted gambler.

If people would think 100% rationally, I agree. Way to go.

Wait, no.

Why gold? We want to hodl Bitcoins, right?

@humble77
You have to actually click "trust" with the new trust system and click "untrusted feedback". Only trust from a few people "counts" towards visible trust.

I've not been on Bitcointalk a lot that's right, created an account when I ran the sig campaign for PRCdice.eu.

[vipgelsi]

Put them in a safety deposit bock paper wallet at least you cant get to then on sundays 

[PRC_May]

@vipgelsi
I can get to mine whenever I want. Heck, I pay for them haha.
Whatever. What about the rest of the week?

[MRKLYE]

I am going to step forward and state that I have never seen May do anything questionable in the time I have known him online.
He seems quite trustworthy and I'd vouch for him and his honesty. (Granted my trust rating is destroyed until I pay back klyemax investors)

[MRKLYE]

May I would like to start using your service in order to preserve BTC I am receiving from a few projects / sources as to not gamble it away.
How do we go about doing this?

[PRC_May]

I was thinking about:

- creating a new thread under service discussion (or elsewhere if anyone has a better suggestion)

- you post your 1. address to send back to 2. time period 3. if cold storage or invested somewhere

- I reply with an address on my own so it's all on blockchain

- I lock the thread to make it uneditable

Open for suggestions of course. Think this is the safest way though. (because not editable)

[MRKLYE]

I was thinking about:

- creating a new thread under service discussion (or elsewhere if anyone has a better suggestion)

- you post your 1. adress to send back to 2. time period 3. if cold storage or invested somewhere

- I reply with an address on my own so it's all on blockchain

- I lock the thread to make it uneditable

Open for suggestions of course. Think this is the safest way though. (because not editable)

I wouldn't go as far as to lock the thread.. Just have the person you are holding onto coins quote your confirmation of received message and post TXID so public record is kept imo.

1. 1ART8MzPqABmqWz4SsaKLZfrwb9HjNF5dv
2. 1 week from today (September 21st, 2014)
3. Cold storage

I am sending .01 BTC for now. I will be sending more as I receive it for safe keeping.

What address can I send to?

[PRC_May]

I was thinking about:
...

I wouldn't go as far as to lock the thread.. Just have the person you are holding onto coins quote your confirmation of received message and post TXID so public record is kept imo.

1. 1ART8MzPqABmqWz4SsaKLZfrwb9HjNF5dv
2. 1 week from today (September 21st, 2014)
3. Cold storage

I am sending .01 BTC for now. I will be sending more as I receive it for safe keeping.

What address can I send to?

Alright with me.

KLYE cold wallet: 1Ng9EQiAGR9USkFiTeai7jzrAhLaVUdzFo
Conditions as in quote.

Cheers

[MRKLYE]

I was thinking about:
...

I wouldn't go as far as to lock the thread.. Just have the person you are holding onto coins quote your confirmation of received message and post TXID so public record is kept imo.

1. 1ART8MzPqABmqWz4SsaKLZfrwb9HjNF5dv
2. 1 week from today (September 21st, 2014)
3. Cold storage

I am sending .01 BTC for now. I will be sending more as I receive it for safe keeping.

What address can I send to?

Alright with me.

KLYE cold wallet: 1Ng9EQiAGR9USkFiTeai7jzrAhLaVUdzFo
Conditions as in quote.

Cheers

TXID: https://blockchain.info/tx/9245e7ab561a3756ff37a261bbd616c904eaa7da1e9b8b1bfe603b1768d5e00a

Thank you for the service May. If I end up sending more I will post TXID here to confirm.

[Bitcoins101]

Using a multisig escrow would be a lot safer. That way, if PRC_May dies, goes to jail, scams, etc. the owner of the coins doesn't lose them.

[PRC_May]

Multisig is not really straight forward to use in my opinion.
This needs to be fast and easy to be effective. Especially with people like KLYE (no offense ).
The easier it is for him to use the service the more likely he'll actually use it. Not just KLYE but anyone.

Failsafe is in place.

[MRKLYE]

Multisig is not really straight forward to use in my opinion.
This needs to be fast and easy to be effective. Especially with people like KLYE (no offense ).
The easier it is for him to use the service the more likely he'll actually use it. Not just KLYE but anyone.

Failsafe is in place.

People like KLYE?! What's that supposed to mean? Surely you are referring to my glorious artworks!
 

[PRC_May]

Of course of course

You'll get those 25 coins with your new project in no time and then some!

[MRKLYE]

Of course of course

You'll get those 25 coins with your new project in no time and then some!

We just need some gargantuan dick branches pledged for.

[espringe]

Why not just send the coins to yourself with nLockTime and throw away the private key associated with the origin? Any time after nLockTime you can submit that transaction and reclaim your coins