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Reminder: Reduce Exit Scams By Supporting “Multisig” Markets

At time like these, when reliable markets decide to shut down, and less-reliable markets decide to exit scam with your BTC (Abraxas Exit scam and Middle Earth Apparent exit scam), its a good time to remind you about the several markets that offer Multisig transactions, for those of you who don’t know what that is, you can read about it here, and try a few practical tutorials from here (market specific tutorial can be found on the markets who utilize Multisig transactions).

By supporting Multisig markets & USING the multisig option on these markets (some enable regular escrow as well) & encouraging vendors to do the same, you are reducing the likelihood of exit scams and reserving yourself the option to finalize transactions even in case of a market getting shut down abruptly, from whatever reason.  No, its not 100% fool proof. But much better than regular, centralized escrow where you have no control over your funds.  The current markets who offer Multisig  transactions are:

10 comments

  1. ALPHABAY ARE NOT TO BE TRUSTED. I ASK A QUESTION AND I AM BANNED FOR SPAM ??? WHAT A LOAD OF CRAP. STOLEN MY COINS AND TAKEN OVER MY VENDOR PAGE SO THEY CAN SCAM.

    I was able to log in Sun or Monday i think, i saw 2 orders and took note of the main details and left the address for later decryption. I never had a chance to decrypt them before being executed without any trial.

    BIG RED FLAG methinks ??

    Forum Post 1 – https://www.anony.ws/image/JnCf
    Forum post 2 – https://www.anony.ws/image/JnCw

    Now banned for spamming and still no explanation or proof.

    I have never once been warned by anyone at AlphaBay. I had coins in escrow and orders to do.

    I cannot do them now. AlphaBay users “had…n” & “ang..truth” are the ones being scammed by AlphaBay admins.
    I have the details of the orders except the pgp shipping message and i am unsure the status of the coins for their orders anyway.

    I am hoping DDW is still impartial and not censoring the information as some have been suggesting ??

    Peace out

    Tom

  2. Most of people are retarded
    They cry to scam but they didnt even notice when they saw scammer…
    NO BODY RELEASED THAT MEM WAS THE SAME SCRIPT AS EVO!!
    RUN WITH API SYSTEM AND NO SOURCE CODE FROM THE BROWSER
    TWO ADMINS OPERATING ON TWO PART OF THE SITE (BUYERS AND VENDORS)
    after they cry to scam ….
    PEOPLE ARE RETARDED
    WE CAN DO NOTHING FOR THEM

    Regards ;-)

  3. I want my fucking 2 pound back you’ve ruined me!!!!!!!

  4. whatbunchofpussies

    new level of stupidity in the comment section of ddw! idiots who get phished go and cry because they stupid enough to fall for the nigerian scam LOOK HERE FAST CLICK THIS LINK ITS THE REAL ALPHABAY legitasfuckalphabayajaisjaifiaj.onion 0.0001% of people would click that link cuz they are high from the heroin or coke… yes these are the people who commented above, lay down the facts keep your mouth shut sons of bitches : – ) ) ) )

    • @whatabunchofpussies

      Read my post properly first you twat. I have been falsely accused and incorrectly banned at the forums as well. Are they a phishing link as well??

      You are not only stupid and slanderous you are also obviously a guy i will call black label trying to be clever.
      I would recognise your lack of grammar and spelling anywhere.
      Trying to sound like a black fella instead of asian today are we ??

      The facts remain – i was without notice supposedly banned. I was told this in the forums when i asked for help logging in. When i refuted the claim and asked for ANY proof of my insisting on FE or being warned even once they then banned my forum account for “SPAM”

      I had only posted twice.

      @Abyss – ill try and improve the images but obviously i have no access to the forums right now. I will be posting at Reddit asap. Need to remember my passwords.

      DO NOT TRUST ALPHABAY. THEY WILL BE THE NEXT EVO/ABRAXAS. YOU DO NOT BAN YOUR VENDORS UNLESS YOU HABE A PLAN.

      WHAT I HAVE LOST THERE IS NOTHING COMPARED TO ABRAXAS AND MEM IF IT GOES AS WELL. MINIMUM 5BTC. ONLY JUST GOT BACK IN FRONT AFTER EVO SCAM.

      Peace out

      Tom

  5. @Abyss – they come up full resolution for me but it does take a little time to load the sharp image. Its out of focus at first then comes clear.

    Try again if you could please

    Peace out

    Tom

  6. Can we all stop flogging this dead horse please?
    Can we stop filling peoples heads with nonsense?
    Can we stop pretending that this truly is a “trustless” transaction system?
    Can we stop pretending that multi-sig escrow is safer than FE’ing with a vendor you trust?

    The only thing multi-sig protects from is markets exit scamming. Take this scenario into account;

    1) Market goes down
    2) Buyer contacts vendor, says he hasn’t recevied package
    3) Vendor says he will refund 50%, if buyer just releases funds to him
    4) Buyer releases funds to vendor
    5) Vendor tells buyer to eat a dick. Keeps BTC

    So, all of your complicated mutli-sig ventures are absolutely pointless. In my experience if a market goes down, 80% of your customers wouldn’t have saved your email address or have any knowledge of how to search GRAMS to find you anyway. It’s a sad truth but the majority of buyers on the deepweb are pretty much brain dead. But then comes the timelock feature that releases the money to the vendor after a certain amount of time. Tell me how that’s secure for a buyer?!?!?! You’re all forcing this way too much considering it’s not a very good alternative to normal Escrow. Any vendor worth a wank will demand FE only. When you order something from Amazon your money is taken IMMEDIATELY and you WAIT for the package you ALREADY PAID FOR. Why should I have to be left holding the bag because a buyer can’t be arsed to finalise their order? I shouldn’t. Simple as that. I for one as a vendor will not be wasting my time with this multi-sig nonsense. There are no spaces left on the bandwagon anyway.

    Please people. Think about it. Of course if you are a vendor that likes to use Escrow then it can’t hurt using multi-sig, but I’m sick of people preaching it like it’s gonna eliminate the risk of scams and actually keep people safe. It’s not. Certain markets (*ahem* East India Company) are offering bonuses and incentives to vendors that employ multi-sig. I find this so upsetting because I thought I had finally found a market for me, but then the admins go and prove they’re not as smart as they seem by getting caught up in the hype of multi-sig and desperately trying to force it onto people…. *sigh*

  7. East India Company has the best multisig, do some research deepdotweb before posting.

    They have timelocks, 2/3 trustless

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