Post
Topic
Board Marketplace (Altcoins)
Re: MasterCoin Buyer/Seller Thread
by
Faraday
on 25/10/2013, 00:46:19 UTC
We can trade with escrow via bitmit. Please check out my listing here: https://www.bitmit.net/en/item/71250-mastercoins-select-quantity-to-purchase/?ref=3541
Bitmit fees are respectable and I've been using them for over a year now with no problems.

First of all, I'd be really happy to see more people escrowing Mastercoin trades. But I'm not sure if the guys at bitmit are able to do proper escrow – do they even know about Mastercoin and how to determine a successful transaction?




Bitmit doesnt escrow the mastercoins, they only hold the bitcoins. Once bitcoins are in escrow, the seller sends mastercoins to the buyer. Once buyer is satisfied, releases escrow and transactions is complete.
In case of dispute, the blockchain doesnt lie. No risk to either party.

If there are any takers, please send me your offers via pm or message on bitmit.



And in case of dispute, do Bitmit know how to determine if the Mastercoins were sent or not? That was his question.

e: After looking at the link I see the seller of the Mastercoins is Admin, so does this mean that is your website? Which basically means they are just trusting you, so why even bother with the website at all?