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[–]koderr 1 point2 points  (0 children)

Always nice to see another market with multisig. Great job guys!

[–]_Boogie_[S] 1 point2 points  (2 children)

Thank you everyone for the wonderful compliments =) Never hesitate to contact me if you ever need anything.

Best Wishes

Boogie

[–][deleted] -1 points0 points  (1 child)

Who downvotes this???

[–]_Boogie_[S] 0 points1 point  (0 children)

Haters =P lol. Unfortunately my friend, I guess we can't make everyone happy. I just hope if there is any misunderstanding or if the downvoters have questions, they are always welcome to contact me =)

[–]hippie67 0 points1 point  (1 child)

This is what I like to see from my DNM, some evidence their in it for the long haul. I've been around since the SR1 days and I can say things have changed for the better. SR1 was great but had zero competition and no incentive to improve things. I love how markets are getting better with competition.

[–]Dunavo 1 point2 points  (0 children)

That's not how I remember things. It's true Silk Road had no threatening competition — that there was no legitimate concern to be had of other markets — but competition did exist.

Additionally, I distinctly remember Ross continuing to add features and improvements to the site up until the very last.

[–]lopeor 0 points1 point  (5 children)

So the option to choose between traditional and multisig escrow is for the vendor or the buyer to decide?

PS: Okay I read the guide. This system is shady. I have to send the funds to an address I do not control (the market's wallet) and then hope they get sent to the multisig addres that I have to assume it has been correctly generated with my public address.

On top of all, I only get to use it if the seller wants.

I think the "Multisig escrow markets" list should be more restrictive. A half-assed multisig escrow shouldn't be worth the list. It is really unfair to place them to the real multisig markets.

[–]_Boogie_[S] 0 points1 point  (4 children)

Hey my friend =) I'm sorry to hear your despair regarding the multi-sig option. I assure you it is by no means a "half-ass" operation. Besides, sending to a multi-sig wallet is no different than sending to a market wallet for traditional escrow. How else could escrow be possible if you cannot send funds to a 3rd wallet?

What do you consider a real multisig market? I'm confused on this comment. Traditional escrow can still be used if you feel uncomfortable/incapable to use multi-sig. I'm sorry you feel this way but it is not right to attack a market if you do not understand what is going on. Please feel free to PM me if you have anymore questions.

Take care =)

[–]lopeor 0 points1 point  (3 children)

A real multisig market is, first of all, a market that only allows multisig. If the market is keeping money in wallets they have the total control of (escrow, market wallets) the market could be hacked, taken down or shut down at any moment, making it dangerous, unstable and interesting to hack (the three reasons why multisig is safe). I don't want to reiterate on this but the key fact about multisig is that it makes hacking or stealing the market quite pointless, so you don't have to suffer about loosing track of your costumers/sellers.

Let me make sure I understand what's going on, but I really think I do. To use your "multisig" FIRST I have to send the coins to the traditional market wallet, a wallet only the market controls. THEN I have to buy using the multisig function, and SUPPOSEDLY the coins from the first wallet will get transfered to the multisig one.

Do you see where I'm going? The real multisig is the following: I place the order, it gets accepted, we generate the address (the three public addresses that generate it are there BTW, so I can check if it's been really generated by those or it's a scam, don't know if your market does so, can't tell, but it should be, otherwise it's pointless) then I send the coins and paste the transaction code. ONLY the multisig wallet exists, do you see the huge difference?

With the real multisig the coins are NEVER on the market's control, because they are stored in a wallet where the coins can't be taken off. They are sent by the buyer to an address he generated, and he proves that with the transaction. With the "half-assed" multisig the coins first are under the market's control, then SUPPOSEDLY sent to the three party wallet once the order is placed.

Of course this system is less dangerous, because if the coins do really get sent to that multisig addres (and if that address is really multisig, I don't know if that can be proven as I stated before), they stay less time under the market's control. But this won't solve the problem of greedy administratiors, hackers trying to get the money that first gets send to the market's non-multisig wallet, LE fucking everything up while the money isn't in the multisig address yet, the server going down and so on.

If I understand what is going on.

[–]_Boogie_[S] 0 points1 point  (2 children)

Sorry that you feel that way =( we just offer both multisig and traditional escrow for whichever people choose that suits them best. No need to go off the handle there my friend. If you don't like our set-up (which many do) then you surely dont have to use it.

I hope all is well for you my friend and have fun out in tor and be safe

=)

[–]lopeor 0 points1 point  (1 child)

Oh, so I guess I understood what was going on. I believe that most people who like this setup haven't thought of what I wrote and could be disappointed if they Bitcoin got stolen/seized when they thought it couldn't happen.

[–]_Kimble 0 points1 point  (0 children)

Hi, my name is Kimble and I'm one of the owners of Evolution. I'd like to take the time to address a few of your concerns. Let's start with the fact that, yes, you indeed have to deposit funds into our on-site wallet before you can place a multi-sig order. We opted for this solution as it reduces the complexity for buyers, is less prone to mistakes, and fair enough, it also guarantees us that commission fees can be collected. You might think of it as 'half-assed', but the truth is that we think that this solution offers very much all of the protection of multisig, without making it needlessly complicated. I'm sure you'll agree that by doing so, we can actually persuade more people to adopt it, instead of scaring them off with 10-page long tutorials on how to use it.

Upon placing the order, we transfer funds from our on-site wallet to a multisig address that is generated using your, the vendor's, and an evo public key. You can verify these keys on the order details page. You will be shown all the keys used to generate the address, so you can verify the authenticity of the multisig address, and we also provide you with the bitcoind command, to make it easy to do so.

I suppose there is a valid concern for having to send funds to our on-site wallet first, but as deposits are usually processed within 20-30 minutes, this 'riskiness' is reduced to a relatively small time-frame.

[–]_Boogie_[S] 0 points1 point  (0 children)

Hey my friend =) I'm actually unaware if there are any different variations to multi-signature escrow.Feel free to check out our guide that explains how to properly set it up and other detail as well http://i25c62nvu4cgeqyz.onion/wiki/index.php?title=Multisig_Guide

I hope this answers and questions you may have and always feel free to pm me if you have any other questions. Take care =)

[–]owockEznan 0 points1 point  (7 children)

Wait, why do I have to put funds into the wallet of the market first? Why can I not pay directly to the escrow adrress? Do I get the option of seeing the redeemscript before I place my order? When, if ever, do I get to see the redeemscript?

[–]_Boogie_[S] 0 points1 point  (5 children)

Huh? Did you read the tutorial? It never asks you to first place money into the market wallet before opting for multi-sig. silly willy :P

[–]owockEznan 0 points1 point  (4 children)

I'm not sure if you're being serious. From the FAQ:

Ordering products using multisig escrow isn’t really all too different from
using regular escrow. First, deposit the appropriate amount into your evolution wallet using the default procedure.

This still leaves the second two questions unanswered.

[–]fun-gee 0 points1 point  (2 children)

I can confirm, the buyer has to send the coins to the site's wallet, not to a multisig address. I don't know what happens after that but it doesn't matter anyway. Tried it with a buyers account.

A multisig transaction implemented like this has no point, the coins are still going through the site wallet so the site operators have full control, can run with the money, hackers can steal it etc.

[–]lopeor 0 points1 point  (1 child)

THANK YOU.

Same point I tried to made. I see users of TMP like us know what real multisig is. This market should not be on the "multisig escrow market" list...

[–]_Boogie_[S] 0 points1 point  (0 children)

Well....Too bad, it is, lol

We're on the list probably due to the fact that we do have a proper functioning multi-sig escrow. Just a shame you can't see it that way =P

[–]_Boogie_[S] 0 points1 point  (0 children)

My bad for misunderstanding. But the funds do prompltly go into the mulisig wallet (bitcoin-qt) afterwards. Hope this isn't much of a bother for ya bud =) It's just a procedure to make sure the right amount of money goes into the multisig wallet prior to beginning the transactions.

[–]_Kimble 0 points1 point  (0 children)

The redeemScript can be found on the order details page.

[–]snap-back -1 points0 points  (1 child)

awesome!

[–]_Boogie_[S] 0 points1 point  (0 children)

It really is =)

+1

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