@MOD we need a BTC escrow service

Walt0n · Dec 7, 2020

I was allready cheated here for 2000usd from a Jr.VIP with reviews and bla bla ( now worth around 4000usd), thats not cool.

Now i want to make a order for around 2000 usd again here, but how i can be sure these is safe?
Only cause the vendor is JR. VIP and have delivered to the mods one review i should send him 2000usd?

So how we can be secure here?

Gogol · Dec 7, 2020

So, you did currency exchange?

No wonder you got cheated.

Society Girl · Dec 7, 2020

Moved.

jake lionar · Dec 7, 2020

Walt0n said:
i should send him 2000usd?

why not ask him :
give him 1k and the rest after delivry

693840 · Dec 7, 2020

Walt0n said:
I was allready cheated here for 2000usd from a Jr.VIP with reviews and bla bla ( now worth around 4000usd), thats not cool.

Now i want to make a order for around 2000 usd again here, but how i can be sure these is safe?
Only cause the vendor is JR. VIP and have delivered to the mods one review i should send him 2000usd?

So how we can be secure here?

Use a proper payment method and ask for an invoice with the guys company details on it. No need for an escrow service if you handle as a proper business.

Chipicao · Dec 7, 2020

jake lionar said:
why not ask him :
give him 1k and the rest after delivry

And you can get scammed for 1k not 2 haha.

If bhw import escrow service and takes fees I think they will make 2x more money then now

jake lionar · Dec 7, 2020

Chipicao said:
And you can get scammed for 1k not 2 haha.

If bhw import escrow service and takes fees I think they will make 2x more money then now

yes it will so much better
but mods will do extra job that kind of hard for them if im not mastaken, like dealing with some small trades 50$ 60$.... maybe with rule starting from 500$ trads then you can use escrow here

Johnik · Dec 7, 2020

Blackhat Lifter said:
Use a proper payment method and ask for an invoice with the guys company details on it. No need for an escrow service if you handle as a proper business.

They can simply fake those details, so this is not a solution

Diamond Damien · Dec 7, 2020

We've been considering a man in the middle service before we launch the new marketplace.
Related question - why would you use a BHW service over something like https://www.escrow.com/ ?

Mr Positive · Dec 7, 2020

Diamond Damien said:
We've been considering a man in the middle service before we launch the new marketplace.
Related question - why would you use a BHW service over something like https://www.escrow.com/ ?

I have said it before I won’t use it if the seller is trustworthy, but as a neutral view I don’t know abou that site but I know BHW owner, mods their

JessonM · Dec 7, 2020

If you are using bitcoin, there are many automatic bitcoin escrow website available. I've tried bitrated and paxful they are good. There are also trusted escrows on bitcoin forum. The best escrow for bitcoin is a multi signature escrow like the one used by tor marketplaces. Neither of the party can take the bitcoin without the approval of the other one.

Walt0n · Dec 7, 2020

Diamond Damien said:
We've been considering a man in the middle service before we launch the new marketplace.
Related question - why would you use a BHW service over something like https://www.escrow.com/ ?

Thats very simple;

1. I better give to the BHW some % to support these awesome project.

2. I know i can trust BHW (or??????)

Chipicao · Dec 7, 2020

Diamond Damien said:
We've been considering a man in the middle service before we launch the new marketplace.
Related question - why would you use a BHW service over something like https://www.escrow.com/ ?

It's nice to hear that you consider this. Escrow.com doesn't offer crypto payments.

Some of us need anonymity when buy and sell, and some services have very high price, so there is no space for making mistake

Diamond Damien · Dec 7, 2020

Walt0n said:
Thats very simple;

1. I better give to the BHW some % to support these awesome project.

2. I know i can trust BHW (or??????)

1. That's very kind
2. Of course you can.

BBulldog · Dec 7, 2020

If BTC price were to drop 20% while BHW was holding it, who would you blame? Would it be BHW's fault for not seeing the deal was completed prior to the BTC drop? Would the buyer need to add funds or would the seller accept the loss?

Enormous pressure would be put on the staff to complete deals ASAP, and I'm not sure it's worth it.

For fiat currency, I think it's not a bad idea at all, although I still think the staff would be overwhelmed.

@Walt0n paying $2k in BTC is generally not a good idea, so not sure why you blame BHW for that.

Walt0n · Dec 7, 2020

BBulldog said:
If BTC price were to drop 20% while BHW was holding it, who would you blame? Would it be BHW's fault for not seeing the deal was completed prior to the BTC drop? Would the buyer need to add funds or would the seller accept the loss?

Enormous pressure would be put on the staff to complete deals ASAP, and I'm not sure it's worth it.

For fiat currency, I think it's not a bad idea at all, although I still think the staff would be overwhelmed.

@Walt0n paying $2k in BTC is generally not a good idea, so not sure why you blame BHW for that.

If 2k in BTC or USD, when a fake company is there then the way you pay doesnt matter....

Then let us play these szenario:

Vendor offer for 1k usd "niche edit backlinks".
Client order these.
Vendor opens a escrow trade for xxx BTC (maybe can be a special escrow section here) with a public wallet which is in control from the BHW team.
Client transfer to these wallet.
After the vendor have delivered he will get his BTC.
Sure the btc can drop and it also can raise.

Or another approach.
We could be able to deposit BTCs in our BHW account wallets and buy on invoice.

Example:
I deposit 1k, then i can buy for 1k. The vendor will know allright, Walt0n have 1k/ xxx Btc in his BHW wallet/credit what ever.

JessonM · Dec 7, 2020

BBulldog said:
If BTC price were to drop 20% while BHW was holding it, who would you blame? Would it be BHW's fault for not seeing the deal was completed prior to the BTC drop? Would the buyer need to add funds or would the seller accept the loss?

Enormous pressure would be put on the staff to complete deals ASAP, and I'm not sure it's worth it.

For fiat currency, I think it's not a bad idea at all, although I still think the staff would be overwhelmed.

@Walt0n paying $2k in BTC is generally not a good idea, so not sure why you blame BHW for that.

That's why for bitcoin escrow you need a multi signature. If the buyer and seller does not have problem the seller can released the bitcoin to the buyer. The escrow is only needed if there is a dispute between buyer and seller. In a multi signature it needed two parties out of three to approve the transfer of the bitcoin.

Chipicao · Dec 7, 2020

BBulldog said:
If BTC price were to drop 20% while BHW was holding it, who would you blame? Would it be BHW's fault for not seeing the deal was completed prior to the BTC drop? Would the buyer need to add funds or would the seller accept the loss?
Enormous pressure would be put on the staff to complete deals ASAP, and I'm not sure it's worth it.
For fiat currency, I think it's not a bad idea at all, although I still think the staff would be overwhelmed.
@Walt0n paying $2k in BTC is generally not a good idea, so not sure why you blame BHW for that.

You sell service in BTC then you will ask in the amount of BTC, not in $, this means if the buyer pays 0.1 BTC then seller will get 0.1 BTC.
If the price drops it's not BHW's fault, even if the price falls more than 30-40% I will have my BTC back if there is any problem it's better to keep them and wait for a better price instead of loosing all.

@MOD we need a BTC escrow service

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