UTRUST - page 372. | Bitcointalksearch.org

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Quote from: the_donald on October 24, 2017, 12:46:52 AM

Quote from: FIEX on October 23, 2017, 04:34:34 PM

Quote from: StarSLight on October 23, 2017, 01:42:41 PM

We are looking forward to a great breakthrough from the project. I think that they will collect a hard cap during the first days after the start of ICO! We are waiting for November 2.

This would be great but I think it will take a little longer.
We just have to wait until all the fud about the forks is over but I'm also sure great investors will have some funds ready for this ICO

Great work guys!
Cant wait to participate

I hate hard forks, they make the market go crazy and every alt goes down the drain.

Saying I hate Harforks is the same as saying I hate free money. I take it you didn't have any btc to cash in on the opportunity

the_donald

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Activity: 588

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Quote from: FIEX on October 23, 2017, 04:34:34 PM

Quote from: StarSLight on October 23, 2017, 01:42:41 PM

We are looking forward to a great breakthrough from the project. I think that they will collect a hard cap during the first days after the start of ICO! We are waiting for November 2.

This would be great but I think it will take a little longer.
We just have to wait until all the fud about the forks is over but I'm also sure great investors will have some funds ready for this ICO

Great work guys!
Cant wait to participate

I hate hard forks, they make the market go crazy and every alt goes down the drain.

Piggy

hero member

Activity: 784

Merit: 1416

I don't think this problem will stop UTRUST from releasing their payments platform. People working in the payment business need to know and be ahead of possible frauds like this. I'm sure will be dealt with if it's proven to be a problem.

levyashin

sr. member

Activity: 980

Merit: 276

$CYBERCASH METAVERSE

Quote from: Rigorous on October 23, 2017, 03:37:16 PM

Hey, I might have found a very common situation that is not covered by the whitepaper. Or maybe I overlooked it.

Alice orders a physical book about cryptography. She uses UTRUST to pay Bob. Bob is a trusted merchant with a high-performance rating. The funds are released the next day.

2 Weeks later Alice has still not received the book. UTRUST cannot help her, because the transaction already went through. Now she has to go through the usual way of asking support with the merchant.

As sellers get higher ratings and the holding time goes down from 21 days to 0, the level of buyer protection by UTRUST goes down to 0 too.

It is not necessarily a bad thing though. Things like the example above happen also with Amazon, and they handle buyer complaints pretty well. Usually they will just resend the book or refund the payment.

So there is a hole for, long scams. He starts a business, in some time he made his holding time 21 days to 0 and after that, he made a huge discount and disappeared from not sending it. You can't say it is impossible but not a very common thing.

alphashotgun

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Activity: 154

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Quote from: magisterr on October 23, 2017, 01:02:14 PM

Quote from: haxllega on October 23, 2017, 12:34:58 PM

Quote from: vaughn125 on October 23, 2017, 12:28:11 PM

Quote from: Trrrt on October 21, 2017, 07:11:11 AM

Yes l also think that have the possibility tu use a lot of different coin and token is great for Utrust. You will be able to reach more people if you allow a lot of coin, and Utrust will do it. UTRUST can really become a big platform for online payment, even the biggest in crypto world.

Yes. You are right. Because not all of us like and use the same coins, and not all of us have the privilege to buy coins that utrust may require. So i think having a wider variety of coins useable would be a great feature for utrust if it so gaooened that they implement this idea in their project. That will really be a great way to pull in a lot of people to use their services.

The problem is if they add too many currencies it will be complicated. I think top ten should be enough.

Which problems? I think more currensies will be better. Top 50 for example

i think the top ten cover a big part of the market...

Yasemin

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Activity: 224

Merit: 100

Become Part of the Mining Family

Quote from: pynetx on October 23, 2017, 10:24:28 AM

Quote from: Ganerch on October 23, 2017, 10:06:18 AM

Quote from: URCRYPTOKNIGHT on October 23, 2017, 08:01:35 AM

10 more days to go for the UTRUST crowdsale , hope we can finish the ico early so UTRUST can proceed with the next developments for UTRUST.

This is good news I searched their website and it says there that UTRUST ICO starts on November 2, 2017, 2pm UTC. Can't wait to participate at Utrust ICO crowedsale. As of now they will only accept ETH/BTC wallet.

(reference from their website)

As far as the tech goes Utrust have all the chances of selling out before the ICO ends.

I believe they will sell out in a few days, the ICO should be a success. Their marketing job is done very well. The product seems good. The team looks very committed and they are all over the Internet.

Pajulapoiss

sr. member

Activity: 554

Merit: 251

Quote from: toolucky98 on October 23, 2017, 07:30:31 PM

Quote from: cantdecide on October 23, 2017, 06:44:05 PM

Quote from: Rigorous on October 23, 2017, 12:55:41 PM

Quote from: cantdecide on October 22, 2017, 07:01:55 PM

Quote from: Rigorous on October 22, 2017, 04:47:31 PM

Alice sells the private key of her Ethereum wallet to Bob. Bob pays through UTRUST. Alice is notified that the money is in escrow and sends the private key to Bob. Bob claims the key does not work. Alice opens a dispute.

Tell me how the UTRUST Mediator resolves this transaction.

Good question I haven't thought so much about. But you are right, a situation like this can hardly be solved probably. But maybe if Alice gives the private key to the mediator? Something someone would probably never would like to do...

You already figured out giving your private key to the mediator has a risk. The mediator may take the funds in the address, then refund Bob. Alice will say the mediator stole the money, but it is her word against both Bob's and the mediator's.

There is a sort of a built-in solution for these kind of transactions in the form of signatures and multi-signature wallets. Several escrow protocols based on signatures have been developed, for example the 2-of-3 multisignature. Some of those are still vulnerable to other kinds of attacks, such as extortion.

But there is not a word about escrow protocols, flaws and vulnerabilities in the UTRUST whitepaper.

Well maybe they haven't thought about this kind of problem and thought a mediator would be able to handle all problems which could occur. Hopefully they will think about it again and try to get a good solution for this or maybe they just forgot to write about it.

As far as i know , utrust will handle buyer protection manually, maybe they will think about his.

Have you guys heard the expression : "Cross the brigde when you get to the bridge." I think it suits here pretty well.

You cant really have solutions for all possible scenarios, and it's too time consuming to try and do so. Specially when each case can be different, they will require an individual approach.

toolucky98

full member

Activity: 490

Merit: 100

Quote from: cantdecide on October 23, 2017, 06:44:05 PM

Quote from: Rigorous on October 23, 2017, 12:55:41 PM

Quote from: cantdecide on October 22, 2017, 07:01:55 PM

Quote from: Rigorous on October 22, 2017, 04:47:31 PM

Alice sells the private key of her Ethereum wallet to Bob. Bob pays through UTRUST. Alice is notified that the money is in escrow and sends the private key to Bob. Bob claims the key does not work. Alice opens a dispute.

Tell me how the UTRUST Mediator resolves this transaction.

Good question I haven't thought so much about. But you are right, a situation like this can hardly be solved probably. But maybe if Alice gives the private key to the mediator? Something someone would probably never would like to do...

You already figured out giving your private key to the mediator has a risk. The mediator may take the funds in the address, then refund Bob. Alice will say the mediator stole the money, but it is her word against both Bob's and the mediator's.

There is a sort of a built-in solution for these kind of transactions in the form of signatures and multi-signature wallets. Several escrow protocols based on signatures have been developed, for example the 2-of-3 multisignature. Some of those are still vulnerable to other kinds of attacks, such as extortion.

But there is not a word about escrow protocols, flaws and vulnerabilities in the UTRUST whitepaper.

Well maybe they haven't thought about this kind of problem and thought a mediator would be able to handle all problems which could occur. Hopefully they will think about it again and try to get a good solution for this or maybe they just forgot to write about it.

As far as i know , utrust will handle buyer protection manually, maybe they will think about his.

imtiazmahmood

sr. member

Activity: 476

Merit: 250

in my point of views. Utrust interest of community growing is amazing and i hope this ICO will be cover hardcap very fast. what is your opinion about this guys?

cantdecide

full member

Activity: 336

Merit: 112

Quote from: Rigorous on October 23, 2017, 12:55:41 PM

Quote from: cantdecide on October 22, 2017, 07:01:55 PM

Quote from: Rigorous on October 22, 2017, 04:47:31 PM

Alice sells the private key of her Ethereum wallet to Bob. Bob pays through UTRUST. Alice is notified that the money is in escrow and sends the private key to Bob. Bob claims the key does not work. Alice opens a dispute.

Tell me how the UTRUST Mediator resolves this transaction.

Good question I haven't thought so much about. But you are right, a situation like this can hardly be solved probably. But maybe if Alice gives the private key to the mediator? Something someone would probably never would like to do...

You already figured out giving your private key to the mediator has a risk. The mediator may take the funds in the address, then refund Bob. Alice will say the mediator stole the money, but it is her word against both Bob's and the mediator's.

There is a sort of a built-in solution for these kind of transactions in the form of signatures and multi-signature wallets. Several escrow protocols based on signatures have been developed, for example the 2-of-3 multisignature. Some of those are still vulnerable to other kinds of attacks, such as extortion.

But there is not a word about escrow protocols, flaws and vulnerabilities in the UTRUST whitepaper.

Well maybe they haven't thought about this kind of problem and thought a mediator would be able to handle all problems which could occur. Hopefully they will think about it again and try to get a good solution for this or maybe they just forgot to write about it.

cmg12

full member

Activity: 280

Merit: 106

Quote from: niklasmato on October 23, 2017, 04:55:07 PM

Quote from: Sozialtourist on October 23, 2017, 10:33:55 AM

Quote from: o48o on October 23, 2017, 10:29:50 AM

Quote from: pynetx on October 23, 2017, 10:24:28 AM

Quote from: Ganerch on October 23, 2017, 10:06:18 AM

Quote from: URCRYPTOKNIGHT on October 23, 2017, 08:01:35 AM

10 more days to go for the UTRUST crowdsale , hope we can finish the ico early so UTRUST can proceed with the next developments for UTRUST.

This is good news I searched their website and it says there that UTRUST ICO starts on November 2, 2017, 2pm UTC. Can't wait to participate at Utrust ICO crowedsale. As of now they will only accept ETH/BTC wallet.

(reference from their website)

As far as the tech goes Utrust have all the chances of selling out before the ICO ends.

Maximum Crowdsale Cap 49M USD, even though this is a top notch product, i am skeptic about hitting the hard cap. While ago it would been a no brainer, but people seem to be investing less and less on icos, and more to pre icos.

I am still confident that UTrust will be sold out during the 7 days of the ICO but you are right. People seem to only invest hesitantly in the last time. And that a lot of tokens are below their ICO price atm doesn't help at all.

I agree, although it's all a bit weird lately with all the alt coins going down due to these BTC forks.
The trend that great ICO's sell out in minutes is in my opinion a bit going down.

This whole bitcoin drama will be over soon and ICOS will start to rise again

niklasmato

sr. member

Activity: 616

Merit: 263

Quote from: Sozialtourist on October 23, 2017, 10:33:55 AM

Quote from: o48o on October 23, 2017, 10:29:50 AM

Quote from: pynetx on October 23, 2017, 10:24:28 AM

Quote from: Ganerch on October 23, 2017, 10:06:18 AM

Quote from: URCRYPTOKNIGHT on October 23, 2017, 08:01:35 AM

10 more days to go for the UTRUST crowdsale , hope we can finish the ico early so UTRUST can proceed with the next developments for UTRUST.

This is good news I searched their website and it says there that UTRUST ICO starts on November 2, 2017, 2pm UTC. Can't wait to participate at Utrust ICO crowedsale. As of now they will only accept ETH/BTC wallet.

(reference from their website)

As far as the tech goes Utrust have all the chances of selling out before the ICO ends.

Maximum Crowdsale Cap 49M USD, even though this is a top notch product, i am skeptic about hitting the hard cap. While ago it would been a no brainer, but people seem to be investing less and less on icos, and more to pre icos.

I am still confident that UTrust will be sold out during the 7 days of the ICO but you are right. People seem to only invest hesitantly in the last time. And that a lot of tokens are below their ICO price atm doesn't help at all.

I agree, although it's all a bit weird lately with all the alt coins going down due to these BTC forks.
The trend that great ICO's sell out in minutes is in my opinion a bit going down.

cmg12

full member

Activity: 280

Merit: 106

Quote from: batako on October 23, 2017, 03:56:11 PM

Quote from: matjas on October 23, 2017, 03:46:27 PM

Quote from: Trrrt on October 23, 2017, 02:57:07 PM

Yes and even if they start with the top 5 coin, they can add another crypto currencies in the future, UTRUST has so much potential. I will not be surprised to see a lot of currencies usable on the Utrust platform in the future.

Five should be enough for now for them to focus on. Better to make a polished platform then half done, there will be time to experiment and add other tokens later.
I just hope they will stick with their fee even after they become more popular.

Yes, at first five will be more than enough and it will be easier to manage. If in the future the demand to add more coins becomes higher, then they can consider to add the other coins.

I still think that only five cryptocurrencies supported at beginning is not enough. We need more to convince shops and users Wink

FIEX

sr. member

Activity: 630

Merit: 276

Quote from: StarSLight on October 23, 2017, 01:42:41 PM

We are looking forward to a great breakthrough from the project. I think that they will collect a hard cap during the first days after the start of ICO! We are waiting for November 2.

This would be great but I think it will take a little longer.
We just have to wait until all the fud about the forks is over but I'm also sure great investors will have some funds ready for this ICO

Great work guys!
Cant wait to participate

greatteager

sr. member

Activity: 420

Merit: 250

Quote from: Rigorous on October 23, 2017, 03:37:16 PM

Hey, I might have found a very common situation that is not covered by the whitepaper. Or maybe I overlooked it.

Alice orders a physical book about cryptography. She uses UTRUST to pay Bob. Bob is a trusted merchant with a high-performance rating. The funds are released the next day.

2 Weeks later Alice has still not received the book. UTRUST cannot help her, because the transaction already went through. Now she has to go through the usual way of asking support with the merchant.

As sellers get higher ratings and the holding time goes down from 21 days to 0, the level of buyer protection by UTRUST goes down to 0 too.

It is not necessarily a bad thing though. Things like the example above happen also with Amazon, and they handle buyer complaints pretty well. Usually they will just resend the book or refund the payment.

Undoubtedly this moment to be solved correctly for buyers and sellers.

batako

sr. member

Activity: 1022

Merit: 252

Quote from: matjas on October 23, 2017, 03:46:27 PM

Quote from: Trrrt on October 23, 2017, 02:57:07 PM

Yes and even if they start with the top 5 coin, they can add another crypto currencies in the future, UTRUST has so much potential. I will not be surprised to see a lot of currencies usable on the Utrust platform in the future.

Five should be enough for now for them to focus on. Better to make a polished platform then half done, there will be time to experiment and add other tokens later.
I just hope they will stick with their fee even after they become more popular.

Yes, at first five will be more than enough and it will be easier to manage. If in the future the demand to add more coins becomes higher, then they can consider to add the other coins.

matjas

full member

Activity: 798

Merit: 115

Quote from: Trrrt on October 23, 2017, 02:57:07 PM

Yes and even if they start with the top 5 coin, they can add another crypto currencies in the future, UTRUST has so much potential. I will not be surprised to see a lot of currencies usable on the Utrust platform in the future.

Five should be enough for now for them to focus on. Better to make a polished platform then half done, there will be time to experiment and add other tokens later.
I just hope they will stick with their fee even after they become more popular.

Rigorous

full member

Activity: 574

Merit: 115

Hey, I might have found a very common situation that is not covered by the whitepaper. Or maybe I overlooked it.

Alice orders a physical book about cryptography. She uses UTRUST to pay Bob. Bob is a trusted merchant with a high-performance rating. The funds are released the next day.

2 Weeks later Alice has still not received the book. UTRUST cannot help her, because the transaction already went through. Now she has to go through the usual way of asking support with the merchant.

As sellers get higher ratings and the holding time goes down from 21 days to 0, the level of buyer protection by UTRUST goes down to 0 too.

It is not necessarily a bad thing though. Things like the example above happen also with Amazon, and they handle buyer complaints pretty well. Usually they will just resend the book or refund the payment.

lvsca

sr. member

Activity: 1792

Merit: 293

👉bit.ly/3QXp3oh | 🔥 Ultimate Launc

Quote from: Trrrt on October 23, 2017, 02:57:07 PM

Yes and even if they start with the top 5 coin, they can add another crypto currencies in the future, UTRUST has so much potential. I will not be surprised to see a lot of currencies usable on the Utrust platform in the future.

if they add top 5 coin, Utrust value will be stable growing, right? it will be nice move

Trrrt

full member

Activity: 448

Merit: 107

Yes and even if they start with the top 5 coin, they can add another crypto currencies in the future, UTRUST has so much potential. I will not be surprised to see a lot of currencies usable on the Utrust platform in the future.

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