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Escrows
177 sats \ 7 comments \ @AGORA 15h AGORA
Escrows are one of the most commonly used financial products in today’s world. Designed to securely transfer funds from a buyer to a seller through an independent third-party escrow agent or service, who holds the payments, and in some case the goods for quality assurance, until the terms of deal have been completed by both parties.
An aim to apprehend how familiar are stackers with escrow services, providing a space to share experiences. Can be from any side, as a buyer, seller, escrow agent or service, or even a platform builder.
What brought you into the escrow landscape? What was your initial need and how it went?
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10 sats \ 2 replies \ @Bitcoiner1 14h
Multisig could replace some escrow services
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0 sats \ 1 reply \ @AGORA OP 12h
I totally agree, I think already does. What's missing are tools to improve and ease the experience for those not familiar with it.
Which tools do you prefer to enable remote multisig?
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0 sats \ 0 replies \ @Bitcoiner1 12h
BitcoinSafe is a good option, also Nunchuk.
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10 sats \ 1 reply \ @Oxy 14h
I've used escrow services to secure payments from clients. However, I've had mixed experiences. One time, the escrow service held up the payment for an extended period, because of issues with the client's account.
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0 sats \ 0 replies \ @AGORA OP 12h
Well it cannot always go straight. Inconvenient challenge us and allow us to learn. Do have charged extra fees for the unexpected extended period?
Was the trade paid with bitcoin? Which tools do they use to orchestrate it?
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0 sats \ 1 reply \ @asterisk32 15h
Are escrows needed where trust exist?
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0 sats \ 0 replies \ @AGORA OP 12h
Probably not, I'd avoid the use of third parties at all costs if there's already trust. Some always prefer an extra guarantee and if both parties agree on using it I don't see any issue either.
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