[ANN] SLING | Fully Working DECENTRALIZED MARKET in Wallet | SLING MARKET LIVE - page 65.

DG.Slayer

member

Activity: 98

Merit: 10

Quote from: issie81 on May 10, 2015, 02:06:32 AM

what will happen to my funds now 1050 Sling is at Escrow.. looks like the buyer ain't paying maybe it was test buy:)
who knows.. i can't seem to cancel the order of get my Slings back? what can i do Dev?

If you go into coin control and try to work out which input has gone to the potential escrow transaction (before escrow lock can spend them), you could then send the inputs to another address.

Might be a good idea if I add a "cancel" button that spends the inputs so you don't have to manually recover them should the buyer/seller not complete the escrow lock.

I2P coming this week.

DrMikefromHashtag

member

Activity: 98

Merit: 10

Quote from: fearcoka on May 10, 2015, 01:38:15 PM

It's mothers day weekend we have stuff to do. This week should be very interesting.

Sling has been holding top 4 volume on trex since it launched. Just saying

Impressive. I have to give to the Dev. Good masternode scheme / structure. My team is on the fence, again, for now.

But, you guys are missing the real $$. Got to be AHEAD of the Market !!

There is a coin that is about to explode next week !!

Thanks
Dr Mike

PM me
or
Follow me on Twitter:
Doctor Mike
@DrMikesCoinTeam

fearcoka

legendary

Activity: 1008

Merit: 1000

It's mothers day weekend we have stuff to do. This week should be very interesting.

Sling has been holding top 4 volume on trex since it launched. Just saying

fireinyourhole

sr. member

Activity: 266

Merit: 250

Thank you for keeping the thread on point rocoro

rocoro

legendary

Activity: 938

Merit: 1000

Some thoughts on escrow:

Quote

Notes on Escrow and Reputation

Choice of Two Party Escrow
To appreciate the value of the two party escrow system and why it is so important for secure, private and middle men free exchange, it is worth considering problems with the traditional approach of using a 3rd party escrow agent.

In a third party escrow system the buyer and seller ask a third trusted party (an escrow agent) to receive payment from the buyer before the item is delivered and to then release the payment to the seller after the item is delivered. If there is a dispute about the quality of the item or whether it was delivered, the third party acts as a mediator and decides whether to send the payment or refund the buyer. Some of the problems with this model include:

Unless escrow agent receives the item before forwarding it to the buyer and has the expertise to verify the quality of the item, they have no means of fairly mediating a dispute. This problem becomes much worse when services are being exchanged. Proof of package delivery doesn't verify what was delivered or it's quality and photos from the buyer could be of another item, etc.
Credit cards and centralized marketplaces seem like existence proofs of working escrow agents but they are non-anonymous, do not resolve disputes fairly (as most small merchants can tell you) and are known to break in markets with high fraud potential (e.g. third world countries, porn, etc).
Untrustworthy escrow agents who may steal escrow, fail to release escrow or collude with (or be) one of the parties.
Escrow agents with strong reputation may be doing a long con to take off with or extort a large payment or group of payments.
Escrow agent expenses in the form of labor and risk are passed on to the buyer and seller.
Finding a trustworthy agent requires a reputation system and building reputation systems in anonymous networks remains an unsolved problem

Fortunately, two party escrow made possible by Sling's multi-signature transactions can solve all of these problems.

SpiryGolden

hero member

Activity: 812

Merit: 500

Yeah he this is he's last chance to get them cheap Grin

as I can see people start to accumulate.

david1365

legendary

Activity: 994

Merit: 1000

@killacam8888 this guy has one goal: he wants to buy cheap coins, don't be fooled and don't sell your coins to this guy.

Gizfreak

legendary

Activity: 1162

Merit: 1000

Allergic to false promises

No Sling, no worries...

rocoro

legendary

Activity: 938

Merit: 1000

Quote from: killacam8888 on May 08, 2015, 02:59:29 PM

GOD DAMN IT I GIVE UP I LOVE SLING

JUST SELL IT SO I CAN BUY MORE AT 12 CENTS FUCK THIS BULLSHIT STOP RISING

Payed2Pump

newbie

Activity: 42

Merit: 0

Quote from: killacam8888 on May 10, 2015, 10:06:45 AM

Quote from: rocoro on May 10, 2015, 09:41:37 AM

Quote from: issie81 on May 10, 2015, 09:27:04 AM

Quote from: rocoro on May 10, 2015, 08:09:00 AM

It should be auto released if one party didn't put up the funds after a period of time.

I don't understand why you have such a difficult time understanding unless you're just trolling Undecided

I am trolling? WTF?
i just want to know can you tell me how long the expiry, instead of period of time:)

I wish the dev would come around to answer you or provide more information on how escrowing works in sling.

Since he mentioned he worked off the bitmarket workflow... it *might* be similar to how bitmarket does it :

Quote

Escrow Lock
When the seller approves the purchase, the seller's client constructs the first part of the escrow lock transaction which contains their security deposit and sends this to the buyer's client. The buyer's client then adds their own Sling inputs for payment and the buyer's deposit, signs the transaction and sends it to the seller to sign and broadcast the completed transaction to the Sling network.

Neither party's funds are locked (unavailable for spending) until the transaction is submitted to the Sling network. If either party fails to complete the escrow message exchange or submit the completed escrow to the Sling network, either can cancel the escrow by sending their own Sling inputs for the transaction to another address they own. Cancellation is only possible if the completed escrow transaction has not been sent to the Sling network first.

Dev is depressed cuz this coin is crashing. no big timers are gonna use sling.

He's moved on to another coin this thread closes in 48hrs he told me in IRC

You have some serious Bi-polar issues my friend, First its lets kill sling, then its FUD then its, Lets get some PR we are the best and first now its back to fud and kill, make up your mind

killacam8888

newbie

Activity: 56

Merit: 0

Quote from: rocoro on May 10, 2015, 09:41:37 AM

Quote from: issie81 on May 10, 2015, 09:27:04 AM

Quote from: rocoro on May 10, 2015, 08:09:00 AM

It should be auto released if one party didn't put up the funds after a period of time.

I don't understand why you have such a difficult time understanding unless you're just trolling Undecided

I am trolling? WTF?
i just want to know can you tell me how long the expiry, instead of period of time:)

I wish the dev would come around to answer you or provide more information on how escrowing works in sling.

Since he mentioned he worked off the bitmarket workflow... it *might* be similar to how bitmarket does it :

Quote

Escrow Lock
When the seller approves the purchase, the seller's client constructs the first part of the escrow lock transaction which contains their security deposit and sends this to the buyer's client. The buyer's client then adds their own Sling inputs for payment and the buyer's deposit, signs the transaction and sends it to the seller to sign and broadcast the completed transaction to the Sling network.

Neither party's funds are locked (unavailable for spending) until the transaction is submitted to the Sling network. If either party fails to complete the escrow message exchange or submit the completed escrow to the Sling network, either can cancel the escrow by sending their own Sling inputs for the transaction to another address they own. Cancellation is only possible if the completed escrow transaction has not been sent to the Sling network first.

Dev is depressed cuz this coin is crashing. no big timers are gonna use sling.

He's moved on to another coin this thread closes in 48hrs he told me in IRC

rocoro

legendary

Activity: 938

Merit: 1000

Quote from: issie81 on May 10, 2015, 09:27:04 AM

Quote from: rocoro on May 10, 2015, 08:09:00 AM

It should be auto released if one party didn't put up the funds after a period of time.

I don't understand why you have such a difficult time understanding unless you're just trolling Undecided

I am trolling? WTF?
i just want to know can you tell me how long the expiry, instead of period of time:)

I wish the dev would come around to answer you or provide more information on how escrowing works in sling.

Since he mentioned he worked off the bitmarket workflow... it *might* be similar to how bitmarket does it :

Quote

Escrow Lock
When the seller approves the purchase, the seller's client constructs the first part of the escrow lock transaction which contains their security deposit and sends this to the buyer's client. The buyer's client then adds their own Sling inputs for payment and the buyer's deposit, signs the transaction and sends it to the seller to sign and broadcast the completed transaction to the Sling network.

Neither party's funds are locked (unavailable for spending) until the transaction is submitted to the Sling network. If either party fails to complete the escrow message exchange or submit the completed escrow to the Sling network, either can cancel the escrow by sending their own Sling inputs for the transaction to another address they own. Cancellation is only possible if the completed escrow transaction has not been sent to the Sling network first.

issie81

hero member

Activity: 760

Merit: 500

CryptoZilla

Quote from: rocoro on May 10, 2015, 08:09:00 AM

It should be auto released if one party didn't put up the funds after a period of time.

I don't understand why you have such a difficult time understanding unless you're just trolling Undecided

I am trolling? WTF?
i just want to know can you tell me how long the expiry, instead of period of time:)

rocoro

legendary

Activity: 938

Merit: 1000

And good point brought up ... where the hell is the dev ? ? ?

Angry

Still waiting for a linux sling-qt !!!! Or at least source !!

rocoro

legendary

Activity: 938

Merit: 1000

Quote from: philipvdlinde on May 10, 2015, 08:13:59 AM

Quote from: woozii on May 10, 2015, 08:10:00 AM

Quote from: rocoro on May 10, 2015, 08:09:00 AM

It should be auto released if one party didn't put up the funds after a period of time.

I don't understand why you have such a difficult time understanding unless your just trolling Undecided

Explain to me why a seller would have to put anything up besides a small fee?

The seller actually doesn't pay anything he just supplies the same amount as the buyer so that the transaction will get confirmed. After both parties have supplied to the escrow, the seller will get his supplied funds back.

Yes exactly and if the buyer doesn't put up the funds, the seller should get the funds back auto-released after an expired time period.

philipvdlinde

hero member

Activity: 826

Merit: 1000

Quote from: woozii on May 10, 2015, 08:10:00 AM

Quote from: rocoro on May 10, 2015, 08:09:00 AM

It should be auto released if one party didn't put up the funds after a period of time.

I don't understand why you have such a difficult time understanding unless your just trolling Undecided

Explain to me why a seller would have to put anything up besides a small fee?

The seller actually doesn't pay anything he just supplies the same amount as the buyer so that the transaction will get confirmed. After both parties have supplied to the escrow, the seller will get his supplied funds back.

rocoro

legendary

Activity: 938

Merit: 1000

Quote from: woozii on May 10, 2015, 08:10:00 AM

Quote from: rocoro on May 10, 2015, 08:09:00 AM

It should be auto released if one party didn't put up the funds after a period of time.

I don't understand why you have such a difficult time understanding unless your just trolling Undecided

Explain to me why a seller would have to put anything up besides a small fee?

Because you're both entering into a contract or agreement, you both have something to lose if you both don't fullfill your end of the bargain.

Here, I have to explain to you like you're a two year old?

Seller has to sell something and send it, and buyer has to pay for it.

Two things that have to be upheld. It is a mutual agreement.

woozii

member

Activity: 98

Merit: 10

Call me the coin wrecker (;

Quote from: rocoro on May 10, 2015, 08:09:00 AM

It should be auto released if one party didn't put up the funds after a period of time.

I don't understand why you have such a difficult time understanding unless your just trolling Undecided

Explain to me why a seller would have to put anything up besides a small fee?

rocoro

legendary

Activity: 938

Merit: 1000

It should be auto released if one party didn't put up the funds after a period of time.

I don't understand why you have such a difficult time understanding unless you're just trolling Undecided

woozii

member

Activity: 98

Merit: 10

Call me the coin wrecker (;

Quote from: rocoro on May 10, 2015, 06:48:07 AM

Quote from: issie81 on May 10, 2015, 02:06:32 AM

Quote from: rocoro on May 09, 2015, 10:30:25 PM

The control is built-in.

Both parties make a deposit and it only gets released when both parties decide.

Simple as that.

You don't need some other (possible scammer) in the mix (3rd party).

Crave does have its other uses though, and I'm in / watching that too.

what will happen to my funds now 1050 Sling is at Escrow.. looks like the buyer ain't paying maybe it was test buy:)
who knows.. i can't seem to cancel the order of get my Slings back? what can i do Dev?

Since there is no linux qt yet, I can't even test the wallet.

I'm assuming the buyer had to put up the same amount.. if neither pays/releases you both lose out.
At least that's how I understand things should work.

You should have communicated with the buyer before putting up that much coin.
Contact the buyer via the built in messaging, if they don't respond .. I hope both buyer and seller learned a lesson.

They both should lose out if things don't go as planned, that's fair and how the system should work!

Its funny that's how things usually work out in life too -
example: if you go to a court case, it costs both parties attorney fees and both usually end up feeling like they got screwed lol

Thats how things should work? Are you fucking retarded? No he should get his money back. I dont even know why a seller would have to put any sling up. It should only be the buyer that has to put something up, maybe the seller would have to just pay a fee, but not that much. Awaiting a response from dev because if dev is gone consider this a scam and crash this mofo to the ground,

Topic: [ANN] SLING | Fully Working DECENTRALIZED MARKET in Wallet | SLING MARKET LIVE - page 65. (Read 178780 times)