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[META] Automated escrow help requested
Author Summary
sqlinjector is in META
Post Body

I recently got scammed. It got me thinking- could I automate doge escrow?
Here's how I think a transaction would work: DB (dogebuyer) and DS (dogeseller) agree to transact 200k doge for $200 USD using dogeescrowbot (Ebot) TWO GOOD SHIBES:

  • DS -> Ebot: 200,000 DOGE for u/db
  • Ebot -> DS: Send 200,000 to wallet XXXXXXX
  • DS sends 200,000 to the wallet specified by Ebot
  • Ebot -> DB: u/DS has placed 200,000 doge in escrow pending your payment
  • DB->sends payment to DS
  • DS->Ebot: release funds to /u/DB
  • Ebot->DB: 200,000Doge available please provide wallet.
  • DB->Ebot: withdraw 200000 to wallet YYYYYY
  • Ebot->DS: Transaction complete

Evil Seller, Buyer is GOOD SHIBES:

  • DS -> Ebot: 200,000 DOGE for u/db
  • Ebot -> DS: Send 200,000 to wallet XXXXXXX
  • DS sends 200,000 to the wallet specified by Ebot
  • Ebot -> DB: u/DS has placed 200,000 doge in escrow pending your payment
  • DB->sends payment to DS
  • DS->Ebot: cancel u/DB transaction
  • Ebot->DB: /u/DS is cancelling transaction reply "OK" to cancel. or "Dispute" to dispute because you sent payment.
  • DB -> Ebot: dispute
  • Ebot->DOGEMARKETPLACE MODS: Resolve this dispute.
  • Mods contact buyer and seller for proof
  • Buyer provides proof
  • Mods->Ebot: Transaction approved
  • Ebot->DB: 200,000 Doge from u/DS is available
  • DB->Ebot: withdraw 200000 to wallet YYYYYY
  • Ebot->DS: Transaction complete

Evil Buyer, Seller is GOOD SHIBE:

  • DS -> Ebot: 200,000 DOGE for u/db
  • Ebot -> DS: Send 200,000 to wallet XXXXXXX
  • DS sends 200,000 to the wallet specified by Ebot
  • Ebot -> DB: u/DS has placed 200,000 doge in escrow pending your payment
  • DB->DOESN'T send payment to DS
  • DS->Ebot: cancel u/DB transaction
  • Ebot->DB: /u/DS is cancelling transaction reply "OK" to cancel. or "Dispute" to dispute because you sent payment.
  • DB -> Ebot: dispute
  • Ebot->DOGEMARKETPLACE MODS: Resolve this dispute.
  • Mods contact buyer and seller for proof
  • Buyer doesn't respond
  • Mods->Ebot: Transaction cancelled
  • Ebot->DS: 200,000 Doge available
  • DS->Ebot: withdraw 200000 to wallet YYYYYY
  • Ebot->DS: Transaction complete

This system sends all disputes to mods. Thoughts?

Author
Account Strength
100%
Account Age
14 years
Verified Email
Yes
Verified Flair
No
Total Karma
36,861
Link Karma
20,871
Comment Karma
15,990
Profile updated: 1 week ago
Posts updated: 9 months ago
1/10/6

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Posted
10 years ago