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Have you seen how Bisq works? I suggest try to look around how that whole application works. On the docs, there's also a mention of decentralized dispute resolution. Bisq is a decentralized bitcoin exchange that does not use smart contracts instead it uses a specific trading protocol. I believe if you take a look at it, it will somehow be able to widen your understanding if you really want to create decentralized escrow.
Thank you for this quote, I read their dispute terms documentation, maybe I'll do something similar.Agreed, you would need to set up very clear conditions for the release of funds plus be prepared with a mechanism for dispute resolution. This doesn't need to be expensive; you can do it in-house if you have an experienced lawyer on your team.
I've been thinking of a similar project, and might suggest you also plan on incorporating reviews and reputation scores. People will need to understand they can't withhold payment for services which were actually completed - but they can leave a negative review or score to protect others in the future.
Great idea. And the "mediators" could be chosen based on the reputation and rating of whoever proposes to become a mediator.I've been thinking of a similar project, and might suggest you also plan on incorporating reviews and reputation scores. People will need to understand they can't withhold payment for services which were actually completed - but they can leave a negative review or score to protect others in the future.
-snip-
The "buyer" would have the right to release the funds until the TAT is over.
The "buyer" would have the right to release the funds until the TAT is over.
What if I buy a digital service, and then I submit a report that the condition of the product is not as I expected just to get my funds back or just to slow down the release of funds? Digital products cannot be returned perfectly, buyers can still make copies.
Some cases the transaction will not be able to be handled by bots/scripts, it must really require a human to complete it.
I was thinking about involving platform representatives in such situations, there anyway will be disputes that require a human to handle. But this would make the platform "centralized" at some level. We're brainstorming all possible solutions that wouldn't require human involvement.
Is there a working and reliable escrow that works on the blockchain?
If there isn't would you use it if I made one? Image creating escrow smart contacts as per your conditions, neither seller nor buyer wouldn't need to trust each other as well as to pay a fee to third-party escrow service providers (of course creating a smart contract costs money but when chosen the right smart contracts platform you could lower it to a minimum).
Or, kindly recommend one you already are using. Thanks.
If there isn't would you use it if I made one? Image creating escrow smart contacts as per your conditions, neither seller nor buyer wouldn't need to trust each other as well as to pay a fee to third-party escrow service providers (of course creating a smart contract costs money but when chosen the right smart contracts platform you could lower it to a minimum).
Or, kindly recommend one you already are using. Thanks.
I don't know if your knowledge of the cryptocurrency market is so small, or if your imagination has gone in some strange direction, but I will surprise you because something like this already exists and it's not one thing. This is called decentralized exchange:
https://en.wikipedia.org/wiki/Decentralized_exchange
To be solely relying on a smart contract to meet the transacting party agreement could become tricky. It also limitate only on what specific conditions could be designed within the smart contract as for the escrow.
I don't know if there are exists in-development or trustable decentralized escrow, at least it never get mainstream attention within the crypto space. I think the reason it never gets discussed is that it is only limited to a very specific condition, thus I believe it won't scale broadly.
Thank you for your answer, but could you please elaborate on it? What conditions do you think a decentralized escrow could not potentially have that would keep it from being used broadly? Your detailed answer is very appreciated.I don't know if there are exists in-development or trustable decentralized escrow, at least it never get mainstream attention within the crypto space. I think the reason it never gets discussed is that it is only limited to a very specific condition, thus I believe it won't scale broadly.
I just recently knew, that there is some escrow niche project that his signature campaign here, Escrow Protocol. I barely scratch the surface, but it is exactly what my concern is, which is about it only solving a specific niche which makes, as of now, I think it will be hard to scale broadly. If you take a look at that project, it only handles investment funding.
Very simple transactions without any terms and conditions. Locking your money in a smart contract and releasing it to a seller after your receive what you wanted to buy. I think this would work best for freelancers who sell their services/products to individual clients.
Over time we would make more specific smart contract layouts as per different conditions, like ICOs, traditional crowdfundings, stocks, NFTs, real estate, etc.
So, what do you think about the "basic" one I wrote about above? Would you use it for daily transactions if you were, saying, a freelancer?
Hi,
I have working experience in crypto projects as an advisor, marketing specialist, and community manager. I'm closely familiar with blockchains, smart contracts, tokenomics, and marketing strategies.
I could not PM you due to your PM settings. Please, let me know if you find my candidacy interesting.
Thanks.
I have working experience in crypto projects as an advisor, marketing specialist, and community manager. I'm closely familiar with blockchains, smart contracts, tokenomics, and marketing strategies.
I could not PM you due to your PM settings. Please, let me know if you find my candidacy interesting.
Thanks.
Smart contract is a thing now, it might be good for some or most transactions as a third party escrow but there are some things it cannot do. So make sure to put details/about/list of transactions that it cannot secures since a dispute is inevitable
While using smart contract escrow is not so often as people much prefer the traditional, it's just how you can promote/market that app/software to the community, I'm sure people will use if it benefits them most.
Thank you for your feedback.While using smart contract escrow is not so often as people much prefer the traditional, it's just how you can promote/market that app/software to the community, I'm sure people will use if it benefits them most.
To be solely relying on a smart contract to meet the transacting party agreement could become tricky. It also limitate only on what specific conditions could be designed within the smart contract as for the escrow.
I don't know if there are exists in-development or trustable decentralized escrow, at least it never get mainstream attention within the crypto space. I think the reason it never gets discussed is that it is only limited to a very specific condition, thus I believe it won't scale broadly.
Thank you for your answer, but could you please elaborate on it? What conditions do you think a decentralized escrow could not potentially have that would keep it from being used broadly? Your detailed answer is very appreciated.I don't know if there are exists in-development or trustable decentralized escrow, at least it never get mainstream attention within the crypto space. I think the reason it never gets discussed is that it is only limited to a very specific condition, thus I believe it won't scale broadly.
Depends on the kind of marketplace you want the escrow to deal with, but I think we already have one example of such a platform though it's limited to only 5 assets (Ethereum, Bitcoin, Litecoin, Dash, Bitcoincash)
The platform was initially known was localethereum and the escrow is based on smart contracts. It's not custodial like localbitcoins. You can even export your addresses to other wallets using private keys.
Thank you. I will definitely check the localethereum out.The platform was initially known was localethereum and the escrow is based on smart contracts. It's not custodial like localbitcoins. You can even export your addresses to other wallets using private keys.
If there isn't would you use it if I made one? Image creating escrow smart contacts as per your conditions, neither seller nor buyer wouldn't need to trust each other as well as to pay a fee to third-party escrow service providers (of course creating a smart contract costs money but when chosen the right smart contracts platform you could lower it to a minimum).
Or, kindly recommend one you already are using. Thanks.
I never heard any escrow platform that was using smartcontract for that thing. The question is how reliable the code that implemented in the smartcontract? How can we trust the developer for this? If the smartcontract was not getting any audit and there will always be possibility for back door to be implemented in the contract. Or, kindly recommend one you already are using. Thanks.
Seller and buyer didn't need to trust each other but they need to trust the code that already deployed. This is the main concern.
Anyone who deals with escrow services, please drop your feedback on what features would an ideal decentralized escrow need to have and what would it take for you to trust and use it on regular basis. Every opinion is appreciated. Thanks.
Is there a working and reliable escrow that works on the blockchain?
If there isn't would you use it if I made one? Image creating escrow smart contacts as per your conditions, neither seller nor buyer wouldn't need to trust each other as well as to pay a fee to third-party escrow service providers (of course creating a smart contract costs money but when chosen the right smart contracts platform you could lower it to a minimum).
Or, kindly recommend one you already are using. Thanks.
If there isn't would you use it if I made one? Image creating escrow smart contacts as per your conditions, neither seller nor buyer wouldn't need to trust each other as well as to pay a fee to third-party escrow service providers (of course creating a smart contract costs money but when chosen the right smart contracts platform you could lower it to a minimum).
Or, kindly recommend one you already are using. Thanks.
[SERVICE] All-in-One SEO: Let me Strengthen Your Website's Friendship w/ Google
Hi Bitcointalk,
I'm a veteran SEO from a non-English speaking country who has seen and experienced almost every single Algorithm update of the big G, starting from the Panda update. I have ranked websites as simply as by buying an exact-match domain (EMD) until they began to treat EMDs as a ranking signal less back in 2012, as well as by creating quality content following a strict strategy and building connections for years.
I'm creating this thread to offer my services to the forum users who need help with building a plan for their future website, ranking their newly started website, outrank their competitors, and finding the optimum monetization method for their current website visitors.
Here is the list of what exactly I offer:
NICHE RESEARCH / SELECTION
In Art of War, there is a saying "Victorious warriors win first and then go to war, while defeated warriors go to war first and then seek to win." Enter the right competition and compete with the players you are 100% sure can defeat. Almost every marketer has their own vision for this part, but they all are right about one point - picking the right niche decides whether the website will end up generating $$$ after a year or you will give up after 8-10 months of hard work and wasting a bunch of original content.
KEYWORD RESEARCH
Most people underestimate how important it is to know what keywords your website is capable of ranking for and think keyword research is a process of entering your root keyword into Ahrefs's or Semrush's keyword analysis tool and extracting everything under 5 DR 500 monthly search volume. Let me tell you a secret, no SEO tool has even relatively accurate data about a keyword's difficulty level. You will have to work your ass off doing a manual analysis.
CONTENT CREATION STRATEGY
First, you have to be sure what is the purpose of your website. Knowing your website's purpose will indicate who is your potential audience. Based on your audience, you choose what type of content is best to satisfy them. Content type, length, publishing frequency, decorating, updating, or even choosing AI over a human copywriter can decide your success.
TECHNICAL SEO
You know how many study cases are out there saying they witnessed n% growth after they changed their hosting provider, changed their image optimization plugin, or started adding schema markups to their pages. I had cases where people had a website with an incorrect robots.txt setup that blocked their pages from indexing for years. You can find in Google documentations or John Muller's videos where they say that Google can still crawl your site even if you didn't set a proper sitemap or didn't have an SEO plugin installed, but in practice, we see websites with the right technical optimization doing much much better.
ON-PAGE SEO
Title/H/Meta tags and interlinking. Now you have to polish and optimize the raw content your copywriter wrote for Google's dumb crawlers. Google is still a machine, you have to show him what's your page about.
LINKBUILDING
During the years, I tested pretty much all link-building methods. I'm always in touch with good providers.
And other website-related stuff like monetization, flipping, recovering after penalty, migration, etc.
I work individually, so can get on with almost any size and type of jobs related to SEO. My rates vary depending on the work type and is discussed individually. P.S. it is lower than you might expect.
As long as I'm new on this forum, I would love to offer a free service (which does not exceed 10 hours) to 3 Senior or higher rank members in return for their genuine review of the service delivered.
I'm excited to be here.
Let's rock it!
wRelic
All 3 free services are available.
I'm a veteran SEO from a non-English speaking country who has seen and experienced almost every single Algorithm update of the big G, starting from the Panda update. I have ranked websites as simply as by buying an exact-match domain (EMD) until they began to treat EMDs as a ranking signal less back in 2012, as well as by creating quality content following a strict strategy and building connections for years.
I'm creating this thread to offer my services to the forum users who need help with building a plan for their future website, ranking their newly started website, outrank their competitors, and finding the optimum monetization method for their current website visitors.
Here is the list of what exactly I offer:
NICHE RESEARCH / SELECTION
In Art of War, there is a saying "Victorious warriors win first and then go to war, while defeated warriors go to war first and then seek to win." Enter the right competition and compete with the players you are 100% sure can defeat. Almost every marketer has their own vision for this part, but they all are right about one point - picking the right niche decides whether the website will end up generating $$$ after a year or you will give up after 8-10 months of hard work and wasting a bunch of original content.
KEYWORD RESEARCH
Most people underestimate how important it is to know what keywords your website is capable of ranking for and think keyword research is a process of entering your root keyword into Ahrefs's or Semrush's keyword analysis tool and extracting everything under 5 DR 500 monthly search volume. Let me tell you a secret, no SEO tool has even relatively accurate data about a keyword's difficulty level. You will have to work your ass off doing a manual analysis.
CONTENT CREATION STRATEGY
First, you have to be sure what is the purpose of your website. Knowing your website's purpose will indicate who is your potential audience. Based on your audience, you choose what type of content is best to satisfy them. Content type, length, publishing frequency, decorating, updating, or even choosing AI over a human copywriter can decide your success.
TECHNICAL SEO
You know how many study cases are out there saying they witnessed n% growth after they changed their hosting provider, changed their image optimization plugin, or started adding schema markups to their pages. I had cases where people had a website with an incorrect robots.txt setup that blocked their pages from indexing for years. You can find in Google documentations or John Muller's videos where they say that Google can still crawl your site even if you didn't set a proper sitemap or didn't have an SEO plugin installed, but in practice, we see websites with the right technical optimization doing much much better.
ON-PAGE SEO
Title/H/Meta tags and interlinking. Now you have to polish and optimize the raw content your copywriter wrote for Google's dumb crawlers. Google is still a machine, you have to show him what's your page about.
LINKBUILDING
During the years, I tested pretty much all link-building methods. I'm always in touch with good providers.
And other website-related stuff like monetization, flipping, recovering after penalty, migration, etc.
I work individually, so can get on with almost any size and type of jobs related to SEO. My rates vary depending on the work type and is discussed individually. P.S. it is lower than you might expect.
As long as I'm new on this forum, I would love to offer a free service (which does not exceed 10 hours) to 3 Senior or higher rank members in return for their genuine review of the service delivered.
I'm excited to be here.
Let's rock it!
wRelic
All 3 free services are available.