Post
Topic
Board Goods
Re: Prevention is better than a cure. Please escrow.
by
YuginKadoya
on 02/10/2015, 12:02:15 UTC
In these times of Mass scammers out there, I urge people to use an escrow. There are many good members out there willing to help to secure the bitcoin community, There are also more people willing to do anything to scam you out of your coins, Please just do your research on someone before you part with your hard earned coins.

An escrow list

Note to mod, I know this is in the wrong section as I am not selling anything, I feel we all need to be wiser, People in the selling forums are less likely to look elsewhere for information on what this is and how it is acheved,
Even if a few people read this and use escrow, Or a few scammers don't get their coins, I will consider this a good job.
Please consider not moveing out the way, This needs to be addressed.

Thanks for the advice! showing care towards us I am new to bitcoin, and reading in this thread makes me think there are
transactions like this to keep people safe from scammers, appreciated Grin

Darktongue but how it should work? Give me an example, please.

1) Buyer meets seller but afraid to do the deal for the lack of reputation on both sides. (the age old conundrum - who will send first?)
2) They meet an escrow person, someone who's not likely to run with the amount transacted.
3) Buyer sends coins to escrow, escrow confirms acceptance.
4) Seller sends item to buyer, giving tracking numbers to buyer and escrow person.
5a) Buyer confirms acceptance, escrow sends coins to seller.
5b) Buyer states item lost/damaged, escrow mediates the transaction based on evidence of both sides and decides who to send coins to.

Seeing this thread makes me think what is an escrow? but reading your post helps me understand it thanks Cheesy
helping newbies like me, and reading everybody's post keeps me learns more about escrow thanks!