Quote from: ThePatient on April 10, 2016, 07:00:34 AM

Quote from: joschua011 on April 10, 2016, 06:53:55 AM

Quote from: CrowdWhale on April 10, 2016, 06:40:39 AM

"Please don't buy any LISK in this forum. The owner can reset the passphrases by simply open a ticket on our support center and provide us with his email address and exchange ID. We check the data and if all is good, we will reset the passphrases."

Someone offered to sell me LISK. Does the above (from the OP) mean if I buy them he can reset the passphrase and then I won't have them? Is there a way to buy LISK from someone yet?

escrow + get lisk after launch?

If buyer gives escrow BTC and seller gives escrow passphrases, we run into 2 issues:
1) How do we know the seller won't claim he lost his passphrases and get new ones?

...well if this were to happen, then obviously buyer would not be able to redeem LISK at launch--thus telling escrow there is a problem, and so the escrow won't release BTC to seller. Only issue would be if all 3 parties agreed to some time frame after launch where the buyer had the opportunity to report that something has gone wrong, and then the buyer doesn't report in time and so escrow releases funds to seller who now also has LISK.
But that would be buyer's fault for not keeping up with the time-frame.

So the passphrase issue isn't unsolvable, just don't let escrow release funds until buyer confirms they have Lisk upon launch.

2) how does escrow confirm a problem that buyer reports? What if buyer redeems lisk with the passphrase, but reports a problem? How would the escrow know whether or not the seller actually got a new passphrase or whether the buyer is lieing and actually was able to get the lisk?

A seller could of course sell the whole login account (email and all), then escrow merely logs in themselves to check everything is good. Then buyer logs in and changes passwords, then escrow releases btc to seller. but I doubt many people would want to do that and sell the whole login/email

No exchanging passphrases, seller sends lisk to buyers address after mainnet launch, same way IOTA folks are doing it

joschua011

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