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.
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.
I understand your argument, but I dont think its valid. Another example. Lets say I wanted to buy a coin from Mitchell for 1 BTC. Lets fruther assume I am nervous about the trade or do not trust them enough to go first. The same is true the other way around. We both argee on an escrow agent. I am willing to pay a 1% fee, but that does equal me willing to pay 1.01 BTC for the coin. I am willing to pay the fee for someone that is neutral and I can trust to look at things without bias should something go wrong. Yes, I have to trust the escrow service with at least 1 BTC. Yes, I am at risk towards the escrow. On the other hand a single bad deal can easily ruin their business. Remember redsn0w? They didnt even scam and are out of business.
Just because I would go frist in a 1 BTC deal with you, does not mean I would pay you 0.01 BTC for a biased opinion. If you are the other party and the escrow you can not be without bias. Same as BadBear can not moderate reports regarding their own posts without bias. It does not matter how good a moderator BadBear is or how honest an escrow agent you are. If you could judge an issue regarding yourself without bias you would suffer from a dissociative identity disorder. Even in that case it would still be a gamble for me which indetity is active when judging my case.
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