Topic: Prevention is better than a cure. Please escrow. - page 18. (Read 298326 times)

Not all are legit.


John K.
https://bitcointalksearch.org/topic/john-john-ks-escrow-service-previously-known-as-johnthedong-141672

Tomatocage
https://bitcointalksearch.org/user/tomatocage-37522

Casascius
https://bitcointalksearch.org/user/casascius-2676

Many people are worried about getting scammed, but are all the escrow services trustworthy?

If escrow is the solution to reduce scamming, can we be sure escrow services are legit?  Are there any escrow services to avoid? Any ones that are widely recommended?

As long as I don't have to download a 1 gigabyte client or 100 gigabytes of game data, I can do it. I used to play some MMORPGs and they used to require huge downloads, game updates, etc.

Why would bitcoin escrow services come under attack? They do not exchange BTC into fiat, so what justification would the government use to go after them?

A EvE online account.
The Escrow could be done through the website.

It would take 24 to 48 hours to compleate the character transfer.

What kind of game account are we talking about? It would mean that the escrow party has access to the game, and can change the password.

Does any service do computer game account escrow?

Nah, I'm fine. Thanks for the offer though, can't wait to see other Bitcoiners over at the States!

Need a place to crash? 

  Correct - and my country of citizenship does not have a history of giving in to the old States' demands. This may change though as I may need to live in the States for a few years.  Oh, and I would never do fiat-based escrows, just for the record.

Ya - John offers the most popular escrow service as far as I can tell, but does not live in the US, doesn't have any physical or registered businesses relating to the escrow service in the US (AFAIK), probably doesn't have US bank accounts holding customers' USD, and has no US-controlled domain they can seize. That's practically complete protection from government interference. 

Thank you so much, I been meaning make a list of all the "trusted" escrow people on the forum.

+1

I see a few sigs denouncing Ripple... Im with you guys

escrow is fine, if you can trust them. The way the Govt. is hounding currency exchangers, it wont be long before escrow comes under attack... or am I missing the point?

And what prevents you from changing the system once its validated?

Because the important part of the process is generated by the user client side. So say a buyer needs to setup an escrow, they would generate their escrow code A. Input that escrow code A into step 2 to generate a wallet address and payment code. hit complete the escrow transaction and send an email to the other party with the details of the transaction. Send another email to themselves with the escrow details. Originating user never sees the escrow code B, all we store is the two escrow codes and corresponding emails. Thats all we need it's based on a 3 key transaction to unlock the funds. Both users have 2 pieces of the puzzle (Buyer - Escrow Code A, Payment Code, Wallet Address) (Seller - Escrow Code B, Payment Code, Wallet Address) (Coinguard - Escrow Code A, Escrow Code B, Email1, Email2)

I designed the system so I can never see what the wallet address or payment code are. I knew this would be a sticking point for users and in general the safety of the site. Because if I stored everything it allow people to hack the site, and so I never can ever run with funds. I don't even know what the addresses of the wallets are, nor the private key. But that also means that if you lose a piece of the escrow I can't help you because none of that info was stored.  

I know many will be skeptical but if people don't test it out how will trust ever be established. People don't have to put btc in the test escrow account to kick the tires to see how the service works.

I can easily provide a screenshot of the db tables that are stored. I will even give a trusted member access to the backend to validate I'm telling the truth.

I would even invite casascius to try it out, and I think he would be pleasantly surprised.

Lol, how is that? Please enlighten us how your web service works.

Kato, I've implemented Casascius cryptographic escrow into an easy to use web service that doesn't need any 3rd party intervention. So two people could transact between each other and handle escrows themselves without having to trust a 3rd party. I don't save the wallet addresses, payment codes, or private keys to the database. I don't want to highjack the thread just wanted to point that out.

Hya guys,

I have started a new escrow recently and I offering discounts to my customers for a good few weeks until the website is up. Please see the thread below, if you wish to talk live with me either PM or even chat to me in the BTC-E chatbox as I am one of the moderators on there. I am located in the Midlands, UK, and I am more than happy to meet in person for extra security and you can even have an ID proof.

https://bitcointalksearch.org/topic/koolios-all-coin-escrow-service-1-3-fee-219412

AS THIS THREAD SUGGESTS, DON'T RISK BUYING ANYTHING WITHOUT AN ESCROW.... FOR THE FEE'S INVOLVED THIS IS A BARGAIN TO PAY FOR EXTRA SECURITY!

+1 Very good idea to use escrow.  Probably a good percentage of the recent new users are scammers, as well as some of the non-recent users.

BTW it should be this way and not "unlikely", But for some reason no one likes 2 sig addresses!

I don't mind if it was 1 sig and John was the escrow  , Yes John you got a stalker now, Deal with it