Can an Escrow be a guarantee? - page 3.

boris singer

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Quote from: Tipsters on March 01, 2019, 04:32:28 AM

Quote from: mirawantirinjana on February 11, 2019, 12:08:37 AM

I saw a project and on that project I did not see the team and DEV from the project. however they use Escrow with good positive trust, can it be a determinant that the project will not be scam?

Depends on the 3rd party escrow. If the person has green trusted on forum then you'll lucky its legit. If its scam that person, will go down immediately as scam and hoax can't be tolerate here in forum. The people who hides in anonymousity is quite scary to invest with but remember Satoshi who creates the number 1 crypto is still unknown.

strange if escrow accepts offers from projects that structurally have data obscurity, especially those involving teams and developers. reputation will be at stake if escrow makes a blunder with details of the project that are not strong even though they act as guarantor. I am sure there are special considerations from those who accept the offer and can be considered right based on their perspective.

fasdorcas

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Quote from: vixcious on February 28, 2019, 08:14:45 AM

Quote from: mirawantirinjana on February 11, 2019, 12:08:37 AM

I saw a project and on that project I did not see the team and DEV from the project. however they use Escrow with good positive trust, can it be a determinant that the project will not be scam?

If they had a large margin enough to make people invest, why didn't they show up and disclose their information?
Why do they have to hide their information? all are just an excuse and they are trying to lure new investors. It is a scam and you should not invest in it.

Well it depends, what if it is a bounty program as a lot of people are not scared of participating in bounty programs now due to the alarming rate of scams getting involve.

It could be a proof or show that if the bounty hunter finishes, funds or tokens are already secured through escrow to be released, though I still wonder how escrow service can work for investment, because the work of the escrow is to hold the fund until it has been confirmed that services has been rendered, in this case, services can’t be rendered without the fund being released to execute the project so how does it work for investment ?

Tipsters

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Quote from: mirawantirinjana on February 11, 2019, 12:08:37 AM

I saw a project and on that project I did not see the team and DEV from the project. however they use Escrow with good positive trust, can it be a determinant that the project will not be scam?

Depends on the 3rd party escrow. If the person has green trusted on forum then you'll lucky its legit. If its scam that person, will go down immediately as scam and hoax can't be tolerate here in forum. The people who hides in anonymousity is quite scary to invest with but remember Satoshi who creates the number 1 crypto is still unknown.

BADBITCH

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Quote from: mirawantirinjana on February 11, 2019, 12:08:37 AM

I saw a project and on that project I did not see the team and DEV from the project. however they use Escrow with good positive trust, can it be a determinant that the project will not be scam?

Do you mean there is an escrow between the dev team and the bounty team ?
Escrow is good it ensures that bounty hunters get paid

But when the team and dev are not visible; it could mean that the bounty hunters could get paid worthless tokens after all

Bounty hunting is not about earning tokens, but about earning worthwhile tokens

laurencef34

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Quote from: mirawantirinjana on February 11, 2019, 12:08:37 AM

I saw a project and on that project I did not see the team and DEV from the project. however they use Escrow with good positive trust, can it be a determinant that the project will not be scam?

IMHO, escrow is a legal situation where the money is stored by a bank but temporarily doesn't belong to anyone. In a normal transaction, money goes to the seller and property goes to the buyer and its all over. Sometimes, especially with real estate, there needs to be a delay while all of the promised nature of the property is verified. During that delay, the buyer has to provide the money to prove they're serious about buying, but the seller shouldn't get the money until everything is checked out. The money, therefore, is set aside for a while and belongs to neither person. During that time, the bank holds on to it with promises to give it to the seller if everything checks out, or to give it back to the buyer if the property isn't what was promised. Therefore, a guarantee was made and protects both the buyer and the seller. Well, got to go now as I resume monitoring my live trading session. Best of luck!

chichidori

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It has higher chance that the project will not be scam only if you also know who the escrow is even if it has a good positive trust everyone should do there own research, trusted escrow on bitcointalk have diminish since The ICO exploded.

robelneo

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Quote from: mirawantirinjana on February 11, 2019, 12:08:37 AM

I saw a project and on that project I did not see the team and DEV from the project. however they use Escrow with good positive trust, can it be a determinant that the project will not be scam?

It's not the determining factor, but one of the signs that the site is doing it's best to make the project as legit as possible, it's still the people that's running the site that matters, if their reputation, is good then they will launch and complete their roadmap, but if they have a bad intention, then your money is gone.

maaldaz

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Quote from: mirawantirinjana on February 11, 2019, 12:08:37 AM

I saw a project and on that project I did not see the team and DEV from the project. however they use Escrow with good positive trust, can it be a determinant that the project will not be scam?

By using an escrow, that would be less possibilities that the project owner will run away without paying the bounty or abandon the project and take away all the money, but instead the escrow who has a hold on the fund will be able to distribute the coins/reward to the bounty participant.

Lagduf

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Quote from: Thanasis on February 28, 2019, 04:16:01 PM

Quote from: NewRanger on February 28, 2019, 08:43:26 AM

Quote from: Thanasis on February 28, 2019, 08:37:07 AM

Quote from: ethereumhunter on February 23, 2019, 02:15:20 PM

As long as Escrow agent has a good reputation and the Escrow agent holds the money, I think the participants don't have to worry because they still get paid even if the project will scam in the next weeks. Using an Escrow is a must if the project wants to make the participants believe if their project is good and it could be a guarantee too for the participants. So if you're going to participate in one project, try to search for the Escrow so the payment will not have any problem.

But their work is to just hold the token and distribute tokens to the bounty participants so which doesn't ensure the quality anyone can hire an escrow and created useless token to distribute so people investing on those projects are really wasting their money.

that's wrong dude.we need really trusted people to hold and distributing token.not everyone can maintain trust from other people.moreover if they hold huge amount.if they could do this till end periode we could call them trusted escrow.

Still it doesn't meant to be that project is worth to invest just because of they hired a trusted person on bitcointalk,you also note that the trust system can be abused so don't just trust the people with green score on their profile just click the trust and get to the reference as well.

The fact that the project will be useless if that was even using escrow. Remember there was a case in the past when an ico gets run with a lot of money after the escrow makes a mistake.
We must put a lot of attention to the ico and do a lot of research before we can trust it.

passwordnow

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If it's on this forum, it can be an assurance that the funds for that bounty is escrowed and it's a plus for bounty hunters. Because there's an guarantee that all of your efforts will be paid through the funds on the escrow.

But it doesn't guarantee that the project is legit/scam, there are scammers that make sure that their project are well advertised by well known people and in the end, they will scam investors. The best that you can do is to know more about the project.

mcTether

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Quote from: mirawantirinjana on February 11, 2019, 12:08:37 AM

I saw a project and on that project I did not see the team and DEV from the project. however they use Escrow with good positive trust, can it be a determinant that the project will not be scam?

I still don't understand how this escrows work. I recently came across a bounty campaign that suggested paying the participants through escrow too. Also, I would like to know who will be in charge of the escrow because I think the tokens won't automatically transfer to the users wallets.

crenfrosck

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Well, building trust is a very complex and difficult thing to make and MAINTAIN, so if I am in their position, I would not try deceiving people who put their trust in me because of the reputation. Long term gains usually exceed shorter ones and you are going to be ostracized by the whole community, which is definitely not worth that try. I believe they have seen more than we do and therefore they accepted the offer, or they are playing a very risky game which they can not win.

capableuwa1

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Quote from: mirawantirinjana on February 11, 2019, 12:08:37 AM

I saw a project and on that project I did not see the team and DEV from the project. however they use Escrow with good positive trust, can it be a determinant that the project will not be scam?

Statistics shows that about 91% if not 98% of such projects end up to be Scam in the nearest future. So the plan is always to stay away from such project as their are 100s of projects out there with legit team Info and Dev but still end up as scam. Please be guided because it won't be funny to start 2019 by investing in scam project.

letyouearn

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Quote from: mirawantirinjana on February 11, 2019, 12:08:37 AM

I saw a project and on that project I did not see the team and DEV from the project. however they use Escrow with good positive trust, can it be a determinant that the project will not be scam?

I don't the good escrow presence should be the decisive factor to someone to invest in ICO

You should analyse this project in whole, from different sides. If you check everything and there will be many reasons for you to chose this ICO, well, ok, do this at your own risk.

Thanasis

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Quote from: NewRanger on February 28, 2019, 08:43:26 AM

Quote from: Thanasis on February 28, 2019, 08:37:07 AM

Quote from: ethereumhunter on February 23, 2019, 02:15:20 PM

As long as Escrow agent has a good reputation and the Escrow agent holds the money, I think the participants don't have to worry because they still get paid even if the project will scam in the next weeks. Using an Escrow is a must if the project wants to make the participants believe if their project is good and it could be a guarantee too for the participants. So if you're going to participate in one project, try to search for the Escrow so the payment will not have any problem.

But their work is to just hold the token and distribute tokens to the bounty participants so which doesn't ensure the quality anyone can hire an escrow and created useless token to distribute so people investing on those projects are really wasting their money.

that's wrong dude.we need really trusted people to hold and distributing token.not everyone can maintain trust from other people.moreover if they hold huge amount.if they could do this till end periode we could call them trusted escrow.

Still it doesn't meant to be that project is worth to invest just because of they hired a trusted person on bitcointalk,you also note that the trust system can be abused so don't just trust the people with green score on their profile just click the trust and get to the reference as well.

Nwankwobtt

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Quote from: mirawantirinjana on February 11, 2019, 12:08:37 AM

I saw a project and on that project I did not see the team and DEV from the project. however they use Escrow with good positive trust, can it be a determinant that the project will not be scam?

Escrow is a trusted system or person which serves as middleman between two traders. To a large extent, escrows can be trusted because it passes the the confidence requirements of both parties

Caladonian

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Quote from: cizatext on February 28, 2019, 02:31:38 PM

Quote from: mirawantirinjana on February 11, 2019, 12:08:37 AM

I saw a project and on that project I did not see the team and DEV from the project. however they use Escrow with good positive trust, can it be a determinant that the project will not be scam?

Not seeing the team behind the project may be a direct trap into being scam, because the escrow you said may be behind the whole scam because in this cryptocurrency world no one can be 100% trusted. I suggest you take a deep look into the project again and get more information before going ahead to invest in it.

Escrow is there to handle the funds between investors and developers, though you seen escrows behind but without proper identity who's behind the project is too risky to invest your money, with how the market is moving you better to have much deeper knowledge about the project and the team itself, you need to avoid being victimized by scammers who already master everything and that's includes the possibility of even escrow can be victimized.

We are inside industry where you need to be more extra careful and deal with available precautions to protect your money.

chriseasan

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I do not think it is a good idea to invest in such projects. The first thing that I always check before taking part in any project is are the team members and developers and if I do not see any of them, I would pass.

cizatext

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Quote from: mirawantirinjana on February 11, 2019, 12:08:37 AM

I saw a project and on that project I did not see the team and DEV from the project. however they use Escrow with good positive trust, can it be a determinant that the project will not be scam?

Not seeing the team behind the project may be a direct trap into being scam, because the escrow you said may be behind the whole scam because in this cryptocurrency world no one can be 100% trusted. I suggest you take a deep look into the project again and get more information before going ahead to invest in it.

r32godzilla

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Quote from: mirawantirinjana on February 11, 2019, 12:08:37 AM

I saw a project and on that project I did not see the team and DEV from the project. however they use Escrow with good positive trust, can it be a determinant that the project will not be scam?

It is better to avoid all 3rd parties and replaced them by smart contract that will automatically process the transaction. And that´s why Ethereum attracted so many investors due to smart contracts.

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