Post
Topic
Board Scam Accusations
Re: Quickseller escrowing for himself
by
Quickseller
on 13/09/2015, 08:40:53 UTC
Escrowing your own trade is NOT ESCROW it just becomes a straight 1:1 transaction.
Right. And there is no reason why someone would not trust you to engage in a 1:1 transaction if they would trust you to act as escrow.
Quote
Why cant you grasp that simple concept quickseller, why should someone pay an "Escrow" fee for zero protection and zero impartiality!
A economically rational person would be willing to pay at least an amount more that is equal to the escrow fee in a 1:1 trade because this cost is no longer associated with the trade. Just because neither party trusts eachother sufficiently to send money/goods first does not change the value of which either party is willing to pay for such goods/services.


But there person you traded with did not wish to trade with you on a 1:1 basis hence their request for the a 3rd party Escrow.

They were trying to implement a safety measure should the trade go wrong so by you faking a 3rd party Escrow you circumvented the buyers wishes.
I disagree. If someone were to trust markj113 to escrow a deal for a $100 widget, then what logical reason would the same person not trust markj113 to ship the exact same $100 widget after sending the same $100 to markj113? The risk of markj113 running away with the coins is exactly the same.