Serge V.

Quote from: Serge V. on March 09, 2016, 09:59:04 PM

According to my scheme/scenario there is no third party, the address is created only from the buyer and the seller public keys, so it is 2-of-2 MultiSig. The buyer can not scam the seller because he locks up twice as much as the seller, so he is motivated to be honest.

I thought your scenario contains an escrow. Which would make it a 2 of 3 multisig. Though 2 of 2 holds the risk of getting extortet.

Quote from: Serge V. on March 10, 2016, 09:36:42 AM

Quote from: ezeminer on March 10, 2016, 05:11:33 AM

So how does the seller get his funds if the buyer refuses to release in this situation? That's what breaks your logic. And yes it would be nice to have people that are honest and all. But a scammer in this situation would talk you into that logic.

I think the the buyer can refuse to release the funds only in one situation, if he ~~is oligophrenic person with defective brain (like some subjects here)~~ has a problem with logic, because in this situation he can lose twice more coins than the seller.

I don't know what you mean. It surely won't help if someone tells the buyer that he has a small brain. He would have your coins hostage. And why can he lose twice more coins than the seller? He received his goods already from the seller but he decided to get half of his coins in escrow back. Nothing the seller can do except giving in when the buyer created the deal with a newbie account. He would not care about red trust on that account.

Ralobot.com

Yes you are right. I try to hold both items when it is possible. Though that is not possible with some accounts because they might get banned because of different ip logins and password changes and such.

And for physical goods it is hard because additional shipping costs, time delay and such. So the trading partners would decide to lower cost and time. Though maybe I should stress the risk more in these cases.

Well and receiving digital money, you are right there too, fiat and so on is something an escrow can not receive because of risks of receiving carded or phished amounts.

Though when I already started to point out risks and claim that I can't back them, I might do it correctly on all trades in the future. Not only certain types.