Pull Your Own Strings

in ethereum •  8 years ago 

Source: http://thestringpuller.com/2016/07/slockit-enables-scamming/

This above article does state some interesting facts.  Now I am not totally sure it is considered a scam, or at least not intended to be one.  It does ask the same question, that I had, about how the scenarios play out with disputes.       Would there be a way to put an Ethereum contract to, separate from SlockIT's, to pay a premium in the case for disputes?  Or just pay out in the case of SlockIT's failure to provide security on the "locked" item in case of fraud, or dispute?

Feedback is Welcome!

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Wow, I was all over the place with this post. I only wanted to get the point across that there is a valid warning on what is happening with SlockIT.