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by stevedekorte
Wed Mar 09, 2016 2:54 am
Forum: Bitcoin Discussion
Topic: Thoughts on 2 party escrow system?
Replies: 17
Views: 5446

Re: Thoughts on 2 party escrow system?


No, they would not need to sell anything. They would only need to pretend to sell something. They only need to offer it for sale, and wait for someone to buy. This happens all the time in "real life", where undercover agents posing as dealers make a deal - and when the customer confirms the deal ...
by stevedekorte
Wed Mar 09, 2016 2:49 am
Forum: Bitcoin Discussion
Topic: Thoughts on 2 party escrow system?
Replies: 17
Views: 5446

Re: Thoughts on 2 party escrow system?

I prefer 3rd party escrow. There is scammers on sellers and buyers side. Sometimes real persons view as 3rd party is needed

Two questions:

1) How does a 3rd party fairly resolve a dispute if they only have one party's word against another?

2) In a pseudonymous reputation system, how can you be ...
by stevedekorte
Tue Mar 08, 2016 8:01 am
Forum: Bitcoin Discussion
Topic: Thoughts on 2 party escrow system?
Replies: 17
Views: 5446

Re: Thoughts on 2 party escrow system?


Slick software!

Is it not possible to make this web-based?

Thanks. We're working on a Javascript port. It won't run in a browser because the whole idea is that this is a decentralized app and not something connecting to centralized web servers, but the port will allow us to have a single code ...
by stevedekorte
Tue Mar 08, 2016 7:57 am
Forum: Bitcoin Discussion
Topic: Thoughts on 2 party escrow system?
Replies: 17
Views: 5446

Re: Thoughts on 2 party escrow system?

One solution is that sellers can choose to reuse an identity and people that have purchased from them could favorite them and avoid attacks by buying from sellers they've used before.
True, you could use reputation systems. But I don't think that fixes the issue. Let's assume that these reputation ...
by stevedekorte
Thu Mar 03, 2016 5:05 am
Forum: Bitcoin Discussion
Topic: Thoughts on 2 party escrow system?
Replies: 17
Views: 5446

Re: Thoughts on 2 party escrow system?


If my motivation is to lock up funds and destroy trust in the marketplace, and if I did not care about resources, this system might not work.
I'm curious if there is some obvious reason that others see that makes this attack vector unlikely, or impossible to pull off?

That's a good scenario to ...
by stevedekorte
Mon Oct 12, 2015 9:19 pm
Forum: Bitcoin Discussion
Topic: Introducing BitMarkets Fully P2P markets with no trusted third parties
Replies: 28
Views: 8927

Re: Introducing BitMarkets Fully P2P markets with no trusted third parties

Looks very promising indeed, I'm surprised its been around for almost one year yet barely anyone seems to have heard about it (unlike OpenBazaar). I wonder how many btcs will get burned under this perma-lock system.

The timeline shows that Windows and Linux versions are going to be released before ...
by stevedekorte
Sat Oct 10, 2015 4:46 am
Forum: Bitcoin Discussion
Topic: Introducing BitMarkets Fully P2P markets with no trusted third parties
Replies: 28
Views: 8927

Re: Introducing BitMarkets Fully P2P markets with no trusted third parties

Is bitmarket already ready to use?

Yes, it's been fully working since last November but we've just started publicly promoting it in the last few months.

As developers, we thought simply releasing a working product would be enough to kickstart the marketplace and we didn't announce the product ...
by stevedekorte
Sat Oct 10, 2015 4:45 am
Forum: Bitcoin Discussion
Topic: Introducing BitMarkets Fully P2P markets with no trusted third parties
Replies: 28
Views: 8927

Re: Introducing BitMarkets Fully P2P markets with no trusted third parties

Are they basically saying that, because not many sellers will want to consistently lose 1x, not many buyers will lose 2x from seller fraud?
I can kindof see the logic, but any clarification of that game theory would be helpful.

Right, neither party is able to profit from defrauding the other ...
by stevedekorte
Thu Oct 08, 2015 10:13 pm
Forum: Bitcoin Discussion
Topic: Introducing BitMarkets Fully P2P markets with no trusted third parties
Replies: 28
Views: 8927

Re: Introducing BitMarkets Fully P2P markets with no trusted third parties

Keep in mind that the [OpenBazaar] moderator is only pulled into the trade if there is a dispute...

Hey Sam,

Thanks for opening up this topic. I think it's the most important one for decentralized markets to deal with.
The problem with escrow agents / moderators is that:

1) they only have one ...
by stevedekorte
Wed Oct 07, 2015 6:07 pm
Forum: Bitcoin Discussion
Topic: Introducing BitMarkets Fully P2P markets with no trusted third parties
Replies: 28
Views: 8927

Re: Introducing BitMarkets Fully P2P markets with no trusted third parties

Great... More of a reason to promote Drug related items/markets and Fake IDs and other illegal paraphernalia.

Such items are easily purchased anywhere. That's not what Bitmarkets is about.

What bitmarkets offers is a way to return our rapidly disappearing privacy and to eliminate two types of ...
by stevedekorte
Wed Oct 07, 2015 4:07 pm
Forum: Bitcoin Discussion
Topic: Introducing BitMarkets Fully P2P markets with no trusted third parties
Replies: 28
Views: 8927

Re: Introducing BitMarkets Fully P2P markets with no trusted third parties

I couldn't find it on Open Bazaar but do they use multi sig accounts for their transactions? Or do they still use an escrow system? I am a big fan of the multi sig accounts...you don't need to trust the other member, the multi sig does it for you.

OpenBazaar uses 2of3 multisig and "trusted" third ...
by stevedekorte
Wed Oct 07, 2015 4:05 pm
Forum: Bitcoin Discussion
Topic: Introducing BitMarkets Fully P2P markets with no trusted third parties
Replies: 28
Views: 8927

Re: Introducing BitMarkets Fully P2P markets with no trusted third parties

Looking at their website I see only an OSX client. Surely if they can do OSX then they can also do Linux?
I'd love a Mac, but I also like my privacy and do not trust them to keep my data secure.

We're working on Linux and Windows ports and are using GNUstep so it will be a single code base on ...

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