Escrow accounts with no flow control | Voters

Escrow accounts with no flow control

under review

Dave Young

There use cases where coins need to go to a central place and be sent with no flow control to a user who is not a creator. Example uses: Escrow account for an auction.

May 26, 2021

Melissa Zhang

Any updates on this? Russell Spence

OverAchiever

We'd love to have this feature, but on our dev account. Currently users who don't have a certain creator coin balance would not be able to purchase creator coin and instantly buy (send to our dev account) anything we offer without flow controls stopping the transactions. I understand the associated concerns regarding dumping of creator coin using this feature, but we'd still love to have this feature with a $50/$100 per transaction limit and say $500/month per user limit.

Russell Spence

marked this post as

under review

Russell Spence

This hasn't been forgotten... it just involved a lot of complex issues. There's ongoing discussion on how to address this.

Dave Young

It occurs to me that this would be a particularly useful way for someone to arrange both sides of a transaction and do some shady things to otherwise bypass flow control. Needs some kind of limits I think.

Dave Young

The flow control in both directions would need to be unbounded

Melissa Zhang

Additionally, sends from the escrow account should be automatically approved without needing the creator to authorize it.