P.S. Actually I would even deliver to call buyer an encrypted wallet at the time of call sale. The password would be delivered when option is exercised. See how cool bitcoin is?
The receiver of the encrypted wallet has no way to verify its content. And he cannot prevent you from using a copy of it to empty it any time. Sometimes cool tech is dangerous, when you don't fully understand it.
This way of doing escrow is at best useless, and in the worst case a scam (but I hope it just wasn't thought through fully).
1. I did not say that it is escrow.
2. I did not say that there is way to verify content.
3. I did not say that there is no 3rd party risk
4. I did say that I will not use escrow.
Counterparty would have to trust me to deliver the goods and make good on a written contract.
On the another hand I do not trust anyone out there to give em 2100 of my BTC for safekeeping.
If you thought that the proposed delivery method is meant as an escrow, you need to think again.
Coinft, You must be new around here. It's ok. You just made a mistake of taking that P.S. out of context of the post and being too new to know longer term context relevant to the trust thing.
And BTW, as far as trust is concerned and 3rd party risk and without meaning to offend another bidder at all. Trust to some GLBSE outfit or trust me writing a contract in my name, that's a such a nobrainer. But it is just as I see it. YMMV.
