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Topic: Is escrowing for yourself using a secret alt OK? - page 14. (Read 13150 times)

legendary
Activity: 2086
Merit: 1058
This just proves you can't fully trust anybody on this forum. Ask yourself the question, if you were trying to buy or sell 100,000 bitcoins or a similar ridiculous amount would you trust anybody on this forum to escrow for you?

I'd rather do a face to face meet but carry a gun for protection Smiley

If I would sell 100,000 BTC I would definetly do a face to face meet up! Good thing is that I have a cop as friend, would take him as helper.  Grin

Also, I voted for no.

legendary
Activity: 1652
Merit: 1067
Christian Antkow
The risks are exactly the same as if you do a direct trade.

What ?! No. Just... how ?!

The risk is theoretically mitigated by using a known and "trusted" third party with funds.

Do you think that is all that different from choosing someone you are close friends with as an escrow ?

Yes. It's different.

Cronyism much ?
full member
Activity: 140
Merit: 100
★Support For PHILIPPINES Sub Forum★
I voted NO and for that 5 who voted YES must be out of their mind.
If there's a need for a 3rd party then there should be a 3rd party, not same guy with a different hat
hero member
Activity: 493
Merit: 500
Sarthak's a dumb girl
No it is definetely not OK to use your alt as an escrow, beats the whole concept of an escrow.
IMO the 5 votes saying "yes" are probably from Wardrick, quickseller, ACCTseller , panther and his other alt(something to do with fun). Lets see how many alts can QS turn against this poll, I guess he's still got a lot of alts.
full member
Activity: 196
Merit: 100
The definition of escrow specifically says "kept in the custody of a third party".
sr. member
Activity: 470
Merit: 250
It's not escrow if there is no third party involved. I can't believe this is even a question...
legendary
Activity: 2128
Merit: 1119
No. The entire notion of having an escrow is the fact that a trusted neutral third party is available to arbitrate the deal if anything ensures. The argument that some people here say they're 'self-escrowing' for some deals lies to the fact that the other party knows and fully trusts him/her to go through his part of the deal, and understands that there will be no  third party being involved here. It is utterly dishonest and downright cheating when the escrower and one of the party is colluding/the same person as the outcome/decisions made will not be fair to the other party at all.

This just proves you can't fully trust anybody on this forum. Ask yourself the question, if you were trying to buy or sell 100,000 bitcoins or a similar ridiculous amount would you trust anybody on this forum to escrow for you?

I'd rather do a face to face meet but carry a gun for protection Smiley

That is pretty obvious Roll Eyes I would only trust certain people here with up to maybe 50-60BTC. I really doubt anyone here escrows 100's of BTC without meeting up.
Wink I've did much more then that without meeting up, just fyi.

Well a year or 2 back that was fine, but these days not so much. I really have issues trusting most people here these days.
legendary
Activity: 1120
Merit: 1000
Free & Fast Neotox Escrow http://bit.ly/1OGVykp
Of-course NO

Escrow means a third party that is trusted by both buyer and seller and in case if there is any problem they can take a fair decision without taking anyone's side

but if the seller/buyer is also using his alt account to escrow then how we can expect a fair decision in case any problem occurs

or if they want to trade without third party escrow for their alts then better they trade directly with their main account,
hero member
Activity: 518
Merit: 501
Error 404: there seems to be nothing here.
I think it's OK because whenever  you ask the trader to use your alt account as an escrow, he first checks if your alt can really be trusted! If you have enough trust and good intentions, No problem at all.
But at the same time i think its like "You're the cop and you're the prisoner".
legendary
Activity: 1274
Merit: 1000
★ BitClave ICO: 15/09/17 ★
Imagine e-bay.
It's basically an escrow service. Don't e-bay workers (even the financial department) use e-bay as a customer?

BUT

IF the escrow bend the rules for himself then it's a big issue. (Imagine e-bay worker sent broken stuff but got paid from customer, what happens to that worker? Will be fired of course).



If things went bad because of the conflict of ebay workers using the ebay, the customers still can go to the court.

SInce this forum is anonimous, with people from all over the world and the forum itself won't take responsability, then your point is not valid
Is this forum anonymous? Don't you know about BFL case?
theymos gave the court lots of information about users who talked about BFL (including PM's).
hero member
Activity: 821
Merit: 1003
Imagine e-bay.
It's basically an escrow service. Don't e-bay workers (even the financial department) use e-bay as a customer?

BUT

IF the escrow bend the rules for himself then it's a big issue. (Imagine e-bay worker sent broken stuff but got paid from customer, what happens to that worker? Will be fired of course).



If things went bad because of the conflict of ebay workers using the ebay, the customers still can go to the court.

SInce this forum is anonimous, with people from all over the world and the forum itself won't take responsability, then your point is not valid
legendary
Activity: 1288
Merit: 1227
Away on an extended break
No. The entire notion of having an escrow is the fact that a trusted neutral third party is available to arbitrate the deal if anything ensures. The argument that some people here say they're 'self-escrowing' for some deals lies to the fact that the other party knows and fully trusts him/her to go through his part of the deal, and understands that there will be no  third party being involved here. It is utterly dishonest and downright cheating when the escrower and one of the party is colluding/the same person as the outcome/decisions made will not be fair to the other party at all.

This just proves you can't fully trust anybody on this forum. Ask yourself the question, if you were trying to buy or sell 100,000 bitcoins or a similar ridiculous amount would you trust anybody on this forum to escrow for you?

I'd rather do a face to face meet but carry a gun for protection Smiley

That is pretty obvious Roll Eyes I would only trust certain people here with up to maybe 50-60BTC. I really doubt anyone here escrows 100's of BTC without meeting up.
Wink I've did much more then that without meeting up, just fyi.
legendary
Activity: 2128
Merit: 1119
This just proves you can't fully trust anybody on this forum. Ask yourself the question, if you were trying to buy or sell 100,000 bitcoins or a similar ridiculous amount would you trust anybody on this forum to escrow for you?

I'd rather do a face to face meet but carry a gun for protection Smiley

That is pretty obvious Roll Eyes I would only trust certain people here with up to maybe 50-60BTC. I really doubt anyone here escrows 100's of BTC without meeting up.
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
This just proves you can't fully trust anybody on this forum. Ask yourself the question, if you were trying to buy or sell 100,000 bitcoins or a similar ridiculous amount would you trust anybody on this forum to escrow for you?

I'd rather do a face to face meet but carry a gun for protection Smiley
legendary
Activity: 1274
Merit: 1000
★ BitClave ICO: 15/09/17 ★
Imagine e-bay.
It's basically an escrow service. Don't e-bay workers (even the financial department) use e-bay as a customer?

BUT

IF the escrow bend the rules for himself then it's a big issue. (Imagine e-bay worker sent broken stuff but got paid from customer, what happens to that worker? Will be fired of course).

hero member
Activity: 602
Merit: 500
In math we trust.
It is definitely not Ok, as escrow is meant to be a neutral third party.
Why don't you trade directly with your escrow account? That implies guilefulness.

I am deeply disappointed as quickseller
legendary
Activity: 4018
Merit: 1250
Owner at AltQuick.com
Here QS actualy has an interesting and valid point.  The poll asks us about self-escrow and we all cry "no! it needs to be a neutral, third party".  QS says, not all third parties are neutral, and he has a point.  To be fair to QS's point, I believe that ethical escrows probably ought to avoid escrowing for their friends, or at the very minimum, warn the other party about their connection to one of the parties beforehand.  If Salty is besties with BAC and will be escrowing his deal, in my opinion, Salty ought to tell BAC's trading partner, "btw, I have a long and tight friendship with BAC, I'll do my best to honor my duty as a third party here, but you should know about my connection to him".  That's merely full disclosure.  After such disclosure, the other party might say to BAC, let's use another escrow, or not, but at least they'd go into it with their eyes open.

Friends don't go to great sketchy lengths to hide their friendships.  (I did refuse a picture at a conference one time, but only because I didn't want to break the ladies camera.)

If I'm recommending the escrow then of course the other party is going to know that I know them, but the people I prefer have a fucking rock solid background.  You probably don't know this and I don't want to get this thread off topic, but Salty did the escrow for MP painted as Hitler.  MP is on the Web of Trust.  WoT is a great way to cross reference trusts from here to "there".  Salt is also free... not to be a jew or anything.

Expecting disclosure from a scammer is only going to annoy the people who are honest.  People should be encouraged to do their own research, ask questions and try not to be a fuck face while you do it.   Smiley
full member
Activity: 210
Merit: 100
I don't want to be repetitive, but I voted no. I hope that my explanation is slightly different than the others.

Why does one use escrow? Because they do not trust the other person enough to do the trade one-on-one. Then, they would use a person that they both trust to act as escrow between them.

But what if one doesn't trust the other, and uses an escrow that he thinks is trustworthy... but the escrow and the other trader are the same person? That complicates and ruins the whole idea of "escrow".
legendary
Activity: 2688
Merit: 1026
Hire me for Bounty Management
My vote for no. I would say the escrow has to be a trusted third party.
It has nothing to do with the escrow fees - Even if the escrow is free, I would say that escrow has to be a third party.

I'm pretty sure 'No' is going to win. It's clear it's better for it to be a third party.

This poll is too insignificant for alts to get involved, but you can never be sure.  Wink
I voted No.Escrow is all about trust.Why do we need escrow? because we want our transaction to be smooth and safe.If one of the party use alt to act escrow,it is cheating and fraud.
legendary
Activity: 1834
Merit: 1036
If you let the other part think the escrow is not you, then at the very least you are lying and deceiving the other part, no matter the reasons one could have

Not sure if it deserves a neg trust, but this behavior should not be tolerated by default trust and escrow
When the word deceiving or deception is present, it's not OK.
You can't be stand as witness of your own crime
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