Why human escrows are too slow? can't AI beat Human in this case?

Zadicar

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Quote from: Mark02 on November 03, 2016, 08:10:56 AM

Quote from: Lutpin on November 02, 2016, 02:46:29 PM

In case of any dispute, you have to mediate between the involved parties and ultimatively make a decission on how to proceed as an escrow.
I personally would trust a real human person over an AI/bot for that situation any given day.
Even more so if it's a person I know to a degree or a well known figure.

Good point. Having a human escrow is good and I've tried transacting with it and it was a successful one. Now, we can't dedny the fact that some of the escrows scams their clients especially when they are not a legitimate one. I don't have any concerns about Human escrow but if gibevn a chance, I will choose AI escrows rather than human due to these reasons:

1. Availability - Sometimes escrows are too busy to have a client. So finding an escrow would take some time. Plus, a well developed AI will perform faster I think in organizing transactions.
2. Automated - It is more organized when you are going to use AI escrow as you don't have to vouch the person for its reputation because it is automated.

I respect your side pal, but i want to ask you some question regarding with it, if you fully on the side of AI escrow, incase of dispute incidents how the bot gonna arrange of solve it? It cant make a good decision unlike on human escrows thats the big difference between the two.

Mark02

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Quote from: Lutpin on November 02, 2016, 02:46:29 PM

In case of any dispute, you have to mediate between the involved parties and ultimatively make a decission on how to proceed as an escrow.
I personally would trust a real human person over an AI/bot for that situation any given day.
Even more so if it's a person I know to a degree or a well known figure.

Good point. Having a human escrow is good and I've tried transacting with it and it was a successful one. Now, we can't dedny the fact that some of the escrows scams their clients especially when they are not a legitimate one. I don't have any concerns about Human escrow but if gibevn a chance, I will choose AI escrows rather than human due to these reasons:

1. Availability - Sometimes escrows are too busy to have a client. So finding an escrow would take some time. Plus, a well developed AI will perform faster I think in organizing transactions.
2. Automated - It is more organized when you are going to use AI escrow as you don't have to vouch the person for its reputation because it is automated.

NeuroticFish

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You usually don't need escrow. You need 2 of 3 multisig, the seller has one key, the buyer another key and the 3rd key goes for a reputed person that will do arbitrage only if necessary.
If the deal goes well, the seller and the buyer will do all the operations themselves (they only need a public key from the arbitrage person at start and that's all).
I find this the best way to do the operation. I don't see why the need to complicate this.
AI - how about the moment somebody finds an exploit in it (and it's not an if, it's a when), would you still like the AI concept after that?

erikalui

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AI can definitely be faster and better for those users who want to trade urgently but like others stated that in case of a dispute, a human escrow would need to intervene and resolve the issue. I've used both human and machine escrows and both were equally good and responded in a timely manner. Many times there are loopholes that an AI cannot sense but a human escrow could sense and prevent scammers and hence it would be tough to decide which one is preferred. For me, a human escrow is always safe while an AI should be used when both parties are trusted/reputed.

milewilda

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Human escrows are much better even if they are slow they have the knowledge and the right decision making when theres a problem arises between two parties. AI would be fast though but still its far away behind regarding on decision making of a human rather than robots and also some members mentioned here that AI could not be trusted too because its been coded by someone which dont have any reputation and you might be get scammed only.

rekinthis

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Human escrows are slow but they are ok, personally i wouldn't trust AI because it might be programmed to just steal my bitcoins/stuff i trade so that's not best idea

satmas

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Sorry, but no, even if it could work, you'd have to trust the person who coded the AI in the first place. Even then, you'd need someone to mediate a dispute between the involved parties(like Lutpin said) in case one does pop up. The bot also wouldn't be able to look at screenshots properly like a human could.

btc-mike

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What do you mean by bot/AI escrow? An escrow that uses AI to decide the winner of arbitrage?

MadGamer

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Quote from: TheBitcoinBoy on November 02, 2016, 02:40:01 PM

Many new innovations coming up like chat bots and Artificial Intelligence (AI) industry is growing but still have not a good reliable and fast bitcoin escrow system.

What you guys think about this issue?

It's definitely better to use a human escrow , I don't think AI will ever get to the same level of human intelligence. I prefer taking a whole day to make a good transaction where both parties are satisfied instead of using a BOT that could screw things up . Humans escrows are too slow (Bitcointalk case) because simply of the P.M system , some people may take sometime till they refresh their website and check their Inbox , others have limits in sending P.Ms etc... If there was an online chat where all parties involved in the transaction could get invited , It would make things a lot faster.

Lutpin

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Goodbye, Z.

Quote from: TheBitcoinBoy on November 02, 2016, 03:00:42 PM

In my case whenever i receive or send usd using webmoney. It sends me email that this amount received from this account number etc. I think it is possible.

That's covering one specific sort of trade (currency exchange), and not even all of those (what about btc to alt exchanges, wire transfers, cash in mail,...).
You're letting out all purchases of digital goods, aswell as physical ones (for example the collectibles section, which has a decent junk of trades done on this forum).
And even then, the "AI" could only determine two cases, a) trade gone well and b) trade failed.
It wouldn't be abled to mediate in any situation that isn't 100% clear.

TheBitcoinBoy

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Quote from: Lutpin on November 02, 2016, 02:46:29 PM

In case of any dispute, you have to mediate between the involved parties and ultimatively make a decission on how to proceed as an escrow.
I personally would trust a real human person over an AI/bot for that situation any given day.
Even more so if it's a person I know to a degree or a well known figure.

How about this? one deposit bitcoins to a website & it shows deposited status and also btc address to which it will be sent. Now the 2nd person who have complete the deal by sending him money must sync his email accounts. As most of the payment methods usually sends an email whenever the amount is sent or received. Now until the system detects that money has been sent (email received) bitcoins will not be sent to that person. If email received that money sent, receipt for payment etc. then bitcoins will be automatically sent.

In my case whenever i receive or send usd using webmoney. It sends me email that this amount received from this account number etc. I think it is possible.

Lutpin

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Goodbye, Z.

In case of any dispute, you have to mediate between the involved parties and ultimatively make a decission on how to proceed as an escrow.
I personally would trust a real human person over an AI/bot for that situation any given day.
Even more so if it's a person I know to a degree or a well known figure.

TheBitcoinBoy

full member

Activity: 236

Merit: 100

Many new innovations coming up like chat bots and Artificial Intelligence (AI) industry is growing but still have not a good reliable and fast bitcoin escrow system.

What you guys think about this issue?

Topic: Why human escrows are too slow? can't AI beat Human in this case? (Read 595 times)