This car would instantly extend your manliness by at least 2 inches, I'll have to pass tho, mine would become monstrous, haja!
Is someone willing to escrow my 11 BTC bid (still highest bid), so that I can take delivery of the car and insure that it gets me up to 3 inches before releasing my BTC to the seller?
I'll escrow your bid. But I doubt you'll meet his reserve...so keep on bidding up. Give'em at least 50K
Is anyone willing to provide escrow for allinvain's escrow? I'm looking for double escrow protection, there is very serious money at stake here.
lol, double escrow eh. In the end escrow is only as safe as the last party to hold the funds or the first. You gain no additional protection from double escrow unless you do like a 50/50 split between two escrow agents. Or do something crazy like split it 10 ways, each escrow agent having on 10% of the funds.
But try not to stress yourself over such details bro, cause the seller did not even say he actually accepted your offer as a valid bid. This auction has a reserve or minimum bid anyways.
Now, seller, can you please post some pics of a few women in bikinis standing next to the car while there is a mountain of cocaine on the rear spoiler and stacks of money littered all over the body of the car.
I doubt the car will go for anything less than 80BTC, which would still be an absurd bargain. I would be happy to escrow if needed.
regarding multiple escrow, what you would want is an n-of-m escrow. An example of the way this works for a 3-of-4 escrow:
1) Find 2 escrow providers.
2) create a n-of-m transaction with 4 keys and 3 required for release.
3) give 1 key to each escrow agent, plus one to the buyer and one to the seller.
4) When the car is received and inspected, the buyer tells the escrow agents what to do (ie: dispute or release funds)
5) In order to achieve the 3/4 condition you need either both escrow agents to decide the deal is complete, or 1 escrow agent and the buyer. (The seller is assumed to already say 'yes')
6) if there is a dispute by the buyer; it means that for the funds to still release by 3-of-4 condition both escrow agents must agree with and side with the seller rather than the buyer - this should only occur if the buyer is making a frivolous dispute or trying to scam the seller.
This method can be scaled up to allow more 3rd parties to agree on the successful transaction to release the funds. for example a 5-of-7 would require the buyer + 3/5 agents to agree or 4/5 agents to agree against the will of the buyer