Topic: Re: Updated Overview of Bitcointalk Signature-Ad Campaigns - page 131. (Read 17849 times)
Yes, today around 20:00 UTC i will pay for the last week. Campaign will be suspended till exchange (AskCoin.net) will run fiat trading. Difficult to say how long it can takes, so atm we can say that campaign is going to end.
just for a quick heads up
it seems like askcoin.net will be closing after payment and coinut reopen their sig campaign again
it seems like askcoin.net will be closing after payment and coinut reopen their sig campaign again
Hi everyone!
I have just received a message from AskCoin.Net team that the campaign is suspended until the introduction of the FIAT trading.
After receiving transfers about 20:00 UTC time, you can remove BBCode from your signatures.
I have just received a message from AskCoin.Net team that the campaign is suspended until the introduction of the FIAT trading.
After receiving transfers about 20:00 UTC time, you can remove BBCode from your signatures.
This is now open again. Please join!
Someone doing escrow does nothing at all. He only holds funds in case the campaign manager runs off without paying or when someone happens to the campaign manager.
Well, in a normal transaction an escrow does indeed release money. Escrow typically holds one party's funds until the other party fulfills some condition, then releases the funds to the second party. In that sense, dev is acting as a typical escrow by doing the payments each week.
So am I and guitarplinker.
I wonder if I could request an overview here. Apparently, some campaigns have sent money to an escrow which is not considered escrow by Mitche??. I think that, marcotheminer, if you're the one managing the campaign then that's not a real escrow. If I wanted to buy a restaurant and the restaurant owner said "please transfer the funds to an escrow and then we'll sit down and sign papers" and then it turned out the escrow was the restaurant manager then I'd certainly be suspicious because of the association.
I think, if I'm following the discussion correctly, that I agree with Mitche?? that an escrow shouldn't be associated with the business but I disagree with him about the escrow being the one to release funds each week (I think that is okay).
Someone doing escrow does nothing at all. He only holds funds in case the campaign manager runs off without paying or when someone happens to the campaign manager.
Well, in a normal transaction an escrow does indeed release money. Escrow typically holds one party's funds until the other party fulfills some condition, then releases the funds to the second party. In that sense, dev is acting as a typical escrow by doing the payments each week.
So am I and guitarplinker.
Someone doing escrow does nothing at all. He only holds funds in case the campaign manager runs off without paying or when someone happens to the campaign manager.
Well, in a normal transaction an escrow does indeed release money. Escrow typically holds one party's funds until the other party fulfills some condition, then releases the funds to the second party. In that sense, dev is acting as a typical escrow by doing the payments each week.
Quote
in sort you are saying that the 8 BTC that dev holds should only be an insurance just incase the campaign manager doesnt pay anyone and the manager would need to provide another BTC to pay the campaigner ?
That's exactly what I'm saying yeah. Quote
I think what sebastian suggested should be consider, as those who isnt associated with the campaign should be considered as an escrow, dev isnt associated with dadice nor he even wear dadice signature, he is just to hold the sig campaign BTC and pay them as the calculations each week
I already stated that I would most likely change the rules I use to determine if a campaign is escrowed. Please read the previous page. Someone doing escrow does nothing at all. He only holds funds in case the campaign manager runs off without paying or when someone happens to the campaign manager.
in sort you are saying that the 8 BTC that dev holds should only be an insurance just incase the campaign manager doesnt pay anyone and the manager would need to provide another BTC to pay the campaigner ?
I think what sebastian suggested should be consider, as those who isnt associated with the campaign should be considered as an escrow, dev isnt associated with dadice nor he even wear dadice signature, he is just to hold the sig campaign BTC and pay them as the calculations each week
It should be the way that an escrow who isnt connected to the campaign or the underlying company holds the funds BEFORE the week or month starts. The escrow then would have no reason with withhold the funds after the week. Which is possible when the funds were held by the campaign runner or website owner. Of course it might be harder to send out the correct amounts. But the escrow ensures that the funds are there, cant vanish until the end of the timeframe and will be paid out.
Someone doing escrow does nothing at all. He only holds funds in case the campaign manager runs off without paying or when someone happens to the campaign manager.
DaDice does not use escrow. Read the posts made above. It explains everything. As long as devthedev does the payments there is a conflict of interest. Someone doing escrow shouldn't be doing the payments. The campaign manager should.
Will update the OP later on and sort the campaigns.
Will update the OP later on and sort the campaigns.
then to make this escrow thing more understandable
Ndnhc will count the amount to be paid and sent the data to dev, dev will then release the amount asked by ndnhc, after ndnhc receive the btc, ndnhc will pay the campaigner ? this is sure more work to do as dev could easily send it to the campaigner directly isnt it? , but as it has been posted above about the conflick of interest issue
It should be the way that an escrow who isnt connected to the campaign or the underlying company holds the funds BEFORE the week or month starts. The escrow then would have no reason with withhold the funds after the week. Which is possible when the funds were held by the campaign runner or website owner. Of course it might be harder to send out the correct amounts. But the escrow ensures that the funds are there, cant vanish until the end of the timeframe and will be paid out.
DaDice does not use escrow. Read the posts made above. It explains everything. As long as devthedev does the payments there is a conflict of interest. Someone doing escrow shouldn't be doing the payments. The campaign manager should.
Will update the OP later on and sort the campaigns.
Will update the OP later on and sort the campaigns.
then to make this escrow thing more understandable
Ndnhc will count the amount to be paid and sent the data to dev, dev will then release the amount asked by ndnhc, after ndnhc receive the btc, ndnhc will pay the campaigner ? this is sure more work to do as dev could easily send it to the campaigner directly isnt it? , but as it has been posted above about the conflick of interest issue
DaDice does not use escrow. Read the posts made above. It explains everything. As long as devthedev does the payments there is a conflict of interest. Someone doing escrow shouldn't be doing the payments. The campaign manager should.
Will update the OP later on and sort the campaigns.
Will update the OP later on and sort the campaigns.
A | Da Dice | post/weekly | 0.0015 | 0.0015 | 0.0013 | 0.0009 | x | x | x | 20/w | 100/w | N
Da Dice -> Dadice or DADICE.com
We use escrow : devthedev. It should be Y
All payments for the week of March 3rd have been released.
https://blockchain.info/tx/c8af76a81579eaf049219459ba21720446d96a772e2caf770652f8320121edd3
You may put them in ascending order too
Da Dice -> Dadice or DADICE.com
We use escrow : devthedev. It should be Y
Sent payment details to devthedev.
All payments for the week of March 3rd have been released.
https://blockchain.info/tx/c8af76a81579eaf049219459ba21720446d96a772e2caf770652f8320121edd3
You may put them in ascending order too
www.secondstrade.com raised payout rate as of 03/16
below is the changed payout rate.
★★★ Signature Rate ★★★
JR Member : 0.00008 BTC per constructive post. - payout increased as of 03/16
Member : 0.00015 BTC per constructive post. - payout increased as of 03/16
Full Member : 0.00025 BTC per constructive post. - payout increased as of 03/16
Senior : 0.00025 BTC per constructive post. - payout increased as of 03/16
No limited.
★ Signature Campaign
thank you.
below is the changed payout rate.
★★★ Signature Rate ★★★
JR Member : 0.00008 BTC per constructive post. - payout increased as of 03/16
Member : 0.00015 BTC per constructive post. - payout increased as of 03/16
Full Member : 0.00025 BTC per constructive post. - payout increased as of 03/16
Senior : 0.00025 BTC per constructive post. - payout increased as of 03/16
No limited.
★ Signature Campaign
thank you.
I agree with bitcoininformation here that if the person doing "escrow" is associated with the company then this isn't a true escrow in the strict sense of the word. However, back in the day many campaigns ran successfully with no escrow so that has to be considered as well. Finally, even if devthedev makes the payment from the escrow pot, as long as that pot is refilled each week then I guess we can still say that there's some money in reserve each week should dadice run out of funds or something.
The campaign manger said that he sent the payment details to devthedev and then some time later devthedev posted a TXID of the payment, so I would assume that he was the one what signed and pushed the payment.
But if devthedev were to run away with the escrow funds, wouldn't the owners of da dice be responsible to pay the participants?
Hmmm, that would make him responsible for the payments and thus create conflicting interests. Will remove their escrowed status for now. But if devthedev were to run away with the escrow funds, wouldn't the owners of da dice be responsible to pay the participants?
And yes, if devthedev runs away the owners would have to pay. That's why you need to use someone trustworthy to escrow your signature campaign. However, the person doing escrow is meant to have extra funds in case the campign manager runs off with the money or are not able to pay the participants because of circumstances. They shouldn't be paying the campaign members (unless a special circumstance arises).
EDIT: I'll most likely change my rules for escrow a bit later on, seeing that this is pretty strict and as long as the person paying/doing escrow is trusted enough, it shouldn't be a big problem. They shouldn't be associated with the company as well.
You had mentioned that you would only consider a campaign escrowed if the person sending the payments is different from the person holding the funds to pay everyone. By that definition devthedev is not escrowing da dice because he is both holding funds and paying out the participants. It looks like rollin switched to guitarplinker (or does he own the site/is closely affiliated with the site?)
Wait, devthedev pays the participants in the Da Dice campaign? If so, I'll need to change their escrow status. I thought ndnhc handles the campaign and does the payouts and devthedev just holds funds in escrow in case they run off. But if devthedev were to run away with the escrow funds, wouldn't the owners of da dice be responsible to pay the participants?
You had mentioned that you would only consider a campaign escrowed if the person sending the payments is different from the person holding the funds to pay everyone. By that definition devthedev is not escrowing da dice because he is both holding funds and paying out the participants. It looks like rollin switched to guitarplinker (or does he own the site/is closely affiliated with the site?)
Wait, devthedev pays the participants in the Da Dice campaign? If so, I'll need to change their escrow status. I thought ndnhc handles the campaign and does the payouts, while devthedev just holds a certain amount of funds in escrow in case ndnhc runs off or something happens to him. devthedev is the one who pays out the da dice signature campaign, and I assume the same is true for the other campaigns he manages as well.
What do you mean? I know that devthedev escrows for Da Dice. However this is about Rollin.io and they stopped using devthedev.devthedev is the one who pays out the da dice signature campaign, and I assume the same is true for the other campaigns he manages as well.
What do you mean? I know that devthedev escrows for Da Dice. However this is about Rollin.io and they stopped using devthedev. guitarplinker you aren't escrowing the Rollin.io campaign though. You are the one paying the campaign and the one holding the funds. This is a conflict of interest and if you run off, people can't be sure if they will get paid by Rollin.io. Escrow is done by someone who has nothing to do with your signature campaign and the website itself (like devthedev did before). I hope you can understand this.
devthedev is the one who pays out the da dice signature campaign, and I assume the same is true for the other campaigns he manages as well. Jump to: