Topic: (no longer) Trying to build my reputation upon trust (Escrow Agent) (Read 755 times)
cleaned and locked.
May 26, 2013, 12:19:43 PM
Check this:
http://www.corp.ca.gov/Laws/Escrow_Law/License.asp
Here is where most people will fail to meet requirements:
"Financial requirements must be demonstrated through submission of audited financial statements that indicate that the company has liquid assets in excess of current liabilities of $25,000 and tangible assets in excess of total liabilities of $50,000. "
http://www.corp.ca.gov/Laws/Escrow_Law/License.asp
Here is where most people will fail to meet requirements:
"Financial requirements must be demonstrated through submission of audited financial statements that indicate that the company has liquid assets in excess of current liabilities of $25,000 and tangible assets in excess of total liabilities of $50,000. "
May 26, 2013, 11:56:24 AM
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I trust him because I can assume that if he were to screw someone over, it wouldn't be me and my 1 BTC transaction. It would be that guy over there with the 100 BTC transaction.
ABSOLUTELY CORRECT! I would not trust JohnK with one million dollars at this time. I would certainly trust him with 1000 btc.
May 26, 2013, 11:32:01 AM
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Escrow agents being licensed isn't a terrible idea.
It's an excellent idea. More imporantly it's the law.
May 26, 2013, 11:29:07 AM
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No amount of "testing" will make you trustworthy.
I fundamentally disagree. Trust is EXCATLY this. It is something you build one step at a time. Anything else is just "words".
Why do you trust johnk? I trust him because he has a long track record of not screwing people.
I just came across some disturbing information. It looks like America wants escrow agents to be licensed. I don't think I need this headache. Experiment ends here unless I find that escrow licenses are cheap.
http://www.corp.ca.gov/Laws/Escrow_Law/Consumer.asp
Anyone know off hand what it requires to become a registered escrow agent?
You are all right to be suspicious. Be suspicious of everything. 99 out of 100 times a post like mine should make you scared to death.
I am that other guy. The 1 in 100. Unfortunately until I find out more about the laws on the matter I will not have a chance to demonstrate my character as an escrow agent.
May 26, 2013, 10:18:25 AM
I AM NOT ACTING AS AN ESCROW AGENT BECAUSE I AM NOT LICENSED IN THE USA TO DO SO.
STOP READING.
Hello good people of the bitcoin world,
I am coming to you today to ask for your consideration of my employ as your escrow agent. Obviously I am not yet trustworthy as I joined the site moments ago and this is only my fifth post.
What I propose to demonstrate my trustworthiness is to have you send me any amount of btc you wish to entrust me with and I will send it to the address of your choosing minus any network transaction fees (~0.0005 btc). I will not let you down.
I want to be the number one escrow agent on this site available to one and all. Once I achieve a certain level of respectability I'll launch a website to automate the process.
FEES:
Single transactions will be charged a 2.5% fee or 0.1 BTC whichever is higher.
Second and all future transaction will cost 1%.
Give me a try, I will not dissapoint. PM me if you'd like to test me.
STOP READING.
Hello good people of the bitcoin world,
I am coming to you today to ask for your consideration of my employ as your escrow agent. Obviously I am not yet trustworthy as I joined the site moments ago and this is only my fifth post.
What I propose to demonstrate my trustworthiness is to have you send me any amount of btc you wish to entrust me with and I will send it to the address of your choosing minus any network transaction fees (~0.0005 btc). I will not let you down.
I want to be the number one escrow agent on this site available to one and all. Once I achieve a certain level of respectability I'll launch a website to automate the process.
FEES:
Single transactions will be charged a 2.5% fee or 0.1 BTC whichever is higher.
Second and all future transaction will cost 1%.
Give me a try, I will not dissapoint. PM me if you'd like to test me.
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