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Board Services
Merits 2 from 1 user
Re: Gazeta's Escrow Service
by
LoyceV
on 08/01/2023, 13:26:10 UTC
⭐ Merited by NeuroticFish (2)
It was an interesting and very useful reading although, from my perspective, everything what is written there is common sense.
It's common sense for me too, that's why I was so surprised escrows are used in the wrong way. And considering the large fees they charge, I would have expected better.

Quote
since I am a honest person, I will also want to work only with honest people.
That's tricky: if you could know that for sure, they wouldn't need an escrow so you always have to assume the worst. I've seen escrow scams on Bitcointalk get quite advanced.

Here's: another scenario: 5 Bitcoin was given to an escrow to inspire confidence, and asked back right before they pulled an exit scam. In this case, the escrow should have negotiated for instance a 7 day cooldown time before acceptingt he deal.