BEGIN BITCOIN SIGNED MESSAGE-----
This contract, between GenesisMix.cx (Service provider) and Little Mouse (myself), secures $20,000 worth of Bitcoin (current value) to resolve any dispute against the Service provider.
Withdrawal request of the fund from the Service provider will require at least 7 days & up to 1 month waiting period to be released.
I reserve the right to declare a fair resolution for any dispute against the Service provider and my decision is always final.
Victim customers must provide a Letter of Guarantee with any other vital information that they have to resolve a dispute fairly.
For any dispute we will cover up to the BTC amount I'll be holding. The process will be first come, first served.
Once genesismix.cx sends the fund and quotes the post, the contract activates immediately.
I can terminate the contract any time I want by requesting a refund address from user genesismix.cx to send the funds back.
Once the contract is terminated, both parties should notify it by posting a termination update on this topic.
BEGIN BITCOIN SIGNATURE-----
bc1q4ytcr43xq6xjpj6z0s76r4x4rx2g4fe5qvv9yc
H3+7B9BXKD2UoX3flWiULUH1aHH25kvpyMXFrCdQ6klaP248pwpVwSjKFPjjkI34EIkb2JfkjsCTvvfuSrZYJTQ=
END BITCOIN SIGNATURE-----
More than $20,000 sent at today's rate. Contract activated, hopefully. Please confirm. We will add a link to this topic in our website.Code: [Select]BEGIN BITCOIN SIGNED MESSAGE-----
This contract, between GenesisMix.cx (Service provider) and Little Mouse (myself), secures $20,000 worth of Bitcoin (current value) to resolve any dispute against the Service provider.
Withdrawal request of the fund from the Service provider will require at least 7 days & up to 1 month waiting period to be released.
I reserve the right to declare a fair resolution for any dispute against the Service provider and my decision is always final.
Victim customers must provide a Letter of Guarantee with any other vital information that they have to resolve a dispute fairly.
For any dispute we will cover up to the BTC amount I'll be holding. The process will be first come, first served.
Once genesismix.cx sends the fund and quotes the post, the contract activates immediately.
I can terminate the contract any time I want by requesting a refund address from user genesismix.cx to send the funds back.
Once the contract is terminated, both parties should notify it by posting a termination update on this topic.
BEGIN BITCOIN SIGNATURE-----
bc1q4ytcr43xq6xjpj6z0s76r4x4rx2g4fe5qvv9yc
H3+7B9BXKD2UoX3flWiULUH1aHH25kvpyMXFrCdQ6klaP248pwpVwSjKFPjjkI34EIkb2JfkjsCTvvfuSrZYJTQ=
END BITCOIN SIGNATURE-----
Confirmed that I received 0.22x BTC.More than $20,000 sent at today's rate. Contract activated, hopefully. Please confirm. We will add a link to this topic in our website.Code: [Select]BEGIN BITCOIN SIGNED MESSAGE-----
This contract, between GenesisMix.cx (Service provider) and Little Mouse (myself), secures $20,000 worth of Bitcoin (current value) to resolve any dispute against the Service provider.
Withdrawal request of the fund from the Service provider will require at least 7 days & up to 1 month waiting period to be released.
I reserve the right to declare a fair resolution for any dispute against the Service provider and my decision is always final.
Victim customers must provide a Letter of Guarantee with any other vital information that they have to resolve a dispute fairly.
For any dispute we will cover up to the BTC amount I'll be holding. The process will be first come, first served.
Once genesismix.cx sends the fund and quotes the post, the contract activates immediately.
I can terminate the contract any time I want by requesting a refund address from user genesismix.cx to send the funds back.
Once the contract is terminated, both parties should notify it by posting a termination update on this topic.
BEGIN BITCOIN SIGNATURE-----
bc1q4ytcr43xq6xjpj6z0s76r4x4rx2g4fe5qvv9yc
H3+7B9BXKD2UoX3flWiULUH1aHH25kvpyMXFrCdQ6klaP248pwpVwSjKFPjjkI34EIkb2JfkjsCTvvfuSrZYJTQ=
END BITCOIN SIGNATURE-----
For example, genesismix.cx What if LM spent all or part of the funds? How would you prove that they were your Bitcoin? We don't know that, we would have to take LM's word for it. Or vice versa.We trust our escrow provider ofc, there will be no problem from our side. We are satisfied with his reputation that he earned the trust is more than enough for us to allow him to do all our disputes.
Good that you have such trust on Little mouse. We in the forum also trust him even more. I believe examplens concern is for your sake, since you are ok, we are good to go.For example, genesismix.cx What if LM spent all or part of the funds? How would you prove that they were your Bitcoin? We don't know that, we would have to take LM's word for it. Or vice versa.We trust our escrow provider ofc, there will be no problem from our side. We are satisfied with his reputation that he earned the trust is more than enough for us to allow him to do all our disputes.
We trust our escrow provider ofc, there will be no problem from our side. We are satisfied with his reputation that he earned the trust is more than enough for us to allow him to do all our disputes.The example I gave is just an example, it could go in any other direction.
Good that you have such trust on Little mouse. We in the forum also trust him even more. I believe examplens concern is for your sake, since you are ok, we are good to go.It's not a matter of concern for any party, I'm just pointing out that escrow cannot be "take my word".
It's not a matter of concern for any party, I'm just pointing out that escrow cannot be "take my word".I understand you. You are clamoring for standard escrow practices while both parties are okay with the gentle man agreement kind of escrow. I would have been bothered if the escrow service was someone we do not know or trust. If you observe well you will discover that little mouse is not even active in this forum.
The point is that the escrow deal, as you presented it, is not a guarantee for anything. We only have the information from him that you trust each other among yourselves. For a random user from the Internet, this does not mean much.
Confirmed that I received 0.22x BTC.This is what I said. What guarantee you are looking for? Read the above signed message. If there's any scam happens, I'll refund up to 0.22x BTC (escrowed fund) in total. What else guarantee you are looking for? Genesis is a random user from the internet, there's no need to take his words. Take what I'm sharing here and what I have agreed to do. That's all.
It's not a matter of concern for any party, I'm just pointing out that escrow cannot be "take my word".Due to the escrow policy from genesis, I can't reveal the funded addresses. However, we have bitcoin message signed internally to prove that funded addresses belong to me. If in any case, I tried to cheat, genesis can claim their fund here with the signed message.
Due to the escrow policy from genesis, I can't reveal the funded addresses. However, we have bitcoin message signed internally to prove that funded addresses belong to me. If in any case, I tried to cheat, genesis can claim their fund here with the signed message.I have already said that what you have presented does not meet the basic conditions of a valid escrow. It's okay if everything is based on your internal agreement and it concerns any deal between you. But if a third party is involved, namely potential users, then "take my word" is not enough.
Anyway, I suggested with the best of intentions that it is necessary to confirm the address with those 0.22 BTCI can't share the addresses publicly. They are offering a mixing service. I think it doesnt make sense to publicly post them.
Will the first to come receive a full refund, a percentage, or what?First come, first served. For example, user A (came first) was scammed for 0.15 BTC and user B (came later) was scammed for 0.10 BTC.
What is escrow period and does it cover TOS violations?Initially 6 months for now. That's based on the escrow fee they have paid me. One can claim the escrow fund if they have a valid LoG/proof which genesis haven't processed.
Will escrow increased if any unresolved issues occur or if transaction volume increases?For unresolved issues, no. If there are valid unresolved issues which genesis can't address, they will be treated as scammer. I think this part of the question doesnt make any sense. Regarding the transaction volume increase, I believe that should be done. Intially, they may have very little amount of transactions and 0.22 BTC may seem enough but in the future, the volume may increase and they should increase this amount too. That's up to genesis, anyway. This question can be better addressed by the genesis team and you will get better response if you post in their ANN thread. This thread is for 0.22 BTC escrow agreement.
Initially 6 months for now. That's based on the escrow fee they have paid me. One can claim the escrow fund if they have a valid LoG/proof which genesis haven't processed.This looks good so far, I hope things go smoothly.