[SR2] A word of warning about escrow

Just a quick of warning about markets offering escrow.

This applies specifically to silkroad 2, but applies to other markets just as much.

Even if the market offers escrow, does not mean you are protected from scammers.

If there is no / little support, as seems to be the case with silkroad 2.0, then escrow is pointless, as your money will just sit in escrow indefinitely or be sent to the scammer through autofinalise.

SR2 can be used for successful transactions, just make sure you use trusted vendors and PGP encryption, but be aware that even though escrow is offered, doesn't mean you have any protection from scammers.


Comments


[2 Points] InfinitelyOutThere:

Seriously. Even if there IS support you can still be scammed. Find vendors who are reliable and trustworthy and stick with 'em.


[2 Points] jakkov:

Using escrow just means you have to trust the marketplace instead of the vendor.

Normally it works well, except now when marketplaces seem less trustworthy than vendors...


[2 Points] obsidianchao:

This is why I stopped using marketplaces and only directly deal with vendors I trust. No escrow but at least I don't have to put up with SR's bullshit.


[1 Points] pussyole684:

Anyone who leaves any amount of btc in their wallet on any market is a fool

We should consider any escrow money unretrievable


[1 Points] None:

Oh wow man thanks sooooo much for the informative post


[1 Points] wordsTORm:

This is so true. The balance of favour has swung on SR2 in favour of vendors. I've contacted support 3 times over the last few weeks and nothing. Money stuck in escrow.

As a result, I've delayed making my next purchase and I'm very reluctant to try new vendors. I don't trust the market any more.

And that's quite sad, I've made many successful trades, but getting burned even once really leaves a bad taste, no matter how small the amount.


[1 Points] None:

Exactly what I've been thinking for a while. If the middleman is less trustworthy than the recipient, all you're doing using escrow is adding another chance to get scammed.

On the other hand SR2 forum is the best place I know of to connect to the right people these days.


[0 Points] None:

^ This.