Scammers like u/SonOfMammon highlight the importance of decentralized escrow services for all online crypto transactions.


Scammers like u/SonOfMammon highlight the importance of decentralized escrow services for all online crypto transactions.

u/SonOfMammon setup an online CBD store with the sole intention of ripping off the BCH community.

He made a post here inviting people to order from his BCH accepting store

The store was shutdown, I suppose after he finished stealing from unsuspecting people. Here's someone who he stole from.

People like that set an example of why we need decentralized escrow services to ensure scammers, rippers and thieves can't go around stealing from and harming innocent people using cryptocurrency payments.

In the meantime, we can still use trusted custodial payment providers like bitpay, coingate and coinbase commerce. But I still think we need widespread decentralized escrow for online crypto payments rather than custodial payment services.

I know there's local.bitcoin.com, what other escrow services are there that we can use when purchasing things online using Bitcoin Cash or other cryptocurrencies? Not all online stores would want to go out of their way to create transactions on local.bitcoin.com just to provide escrow for every purchase.

Still getting daily free Bitcoins from Cointiply
Submitted by jbrev01
via reddit https://ift.tt/2K3y4sS

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