Topic: Prevention is better than a cure. Please escrow. - page 11. (Read 298386 times)

Well you're right an as a real newbe I missed your post and now I am trying to cure. I've just tried to buy from someone in this forum who looked respectful and is now not delivering as promised. Any suggestion on what should be done?
Thanks

In these times of Mass scammers out there, I urge people to use an escrow. There are many good members out there willing to help to secure the bitcoin community, There are also more people willing to do anything to scam you out of your coins, Please just do your research on someone before you part with your hard earned coins.

An escrow list

Note to mod, I know this is in the wrong section as I am not selling anything, I feel we all need to be wiser, People in the selling forums are less likely to look elsewhere for information on what this is and how it is acheved,
Even if a few people read this and use escrow, Or a few scammers don't get their coins, I will consider this a good job.
Please consider not moveing out the way, This needs to be addressed.

** jan 16

There is a new wave of possible scammers, People who buy up legendary accounts and trade untill they have large sum of money then run, This has been done with a very trusted account recently.

Please be cautious, I am trying to set up a 3 way secure key escrow for my personal escrows to add peace of mind.

I would like to point out, that I do not partake in escrowing forum accounts, I never have and never will, in fact its against the rules on my forum, This is a trust based commodity as it stands, if we keep moving the goal posts as well as the stadium, no one can be accountable for theft!

Keep safe people, dont give up, trust in BTC, suspect people :-)

1) Buyer meets seller but afraid to do the deal for the lack of reputation on both sides. (the age old conundrum - who will send first?)
2) They meet an escrow person, someone who's not likely to run with the amount transacted.
3) Buyer sends coins to escrow, escrow confirms acceptance.
4) Seller sends item to buyer, giving tracking numbers to buyer and escrow person.
5a) Buyer confirms acceptance, escrow sends coins to seller.
5b) Buyer states item lost/damaged, escrow mediates the transaction based on evidence of both sides and decides who to send coins to.

Ognasty is still working ?

We are a valid and trustworthy escrow service provided by The Satoshi Marketplace.

Our bitcoin escrow process:
 1. Fill out the bitcoin escrow setup form.
 2. We create a multisig address requiring 2 signatures out of the buyer, seller and arbitrator.
 3. Buyer sends funds to this created multisig address.
 4. Seller ships the product and sends tracking code to buyer and arbitrator.
 5. We verify that shipping has occurred with tracking code provided by the seller.
 6. When the product arrives and buyer is fine with product, buyer and seller sign a tx sending funds to seller.
 7. If the product doesn’t arrive or buyer not happy with product and sends back product, arbitrator verifies these facts, and buyer and arbitrator sign a tx  sending funds to buyer.
 8. If the product arrives but buyer refuses to pay, mediator verifies this fact, and seller and mediator sign a tx sending funds to seller.

https://thesatoshimarketplace.com/escrow

Thanks
The Satoshi Marketplace Staff

Yeah,because you will not be hired an escrow is you are not trusted. Anyone can be an escrow(self proclaimed) but we shouldn't trust anyone. And the advantage of hiring an escrow is that your transactions will be secured and there's a minimal risk of scamming. That is, if you hire the right escrow. So, in picking a certain escrow, you should vouch him/her first. Try to review its profile, or just simply look at the trust of the escrow. And from that you can have a smooth and secure transaction.

That's why you should use the most trusted escrow that you can find. Someone such as OgNasty.
Their is a small chance they will scam, but let's it's much lower than if you do a deal with someone directly.

Isn't it possible for a place having escrow services to scam as well?

I mean, I see many new threads being opened about someone that has a new escrow service and is promoting it..

Is it usual that the person who is doing escrow services take the fee from the seller or the buyer or simply from the person who engages him? And what are those fees like? Don't have experience with this but I might need escrow services soon.