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You still have to trust the counterparty to deliver whatever the Bitcoin is being exchanged for.
by throwlogon 6y ago
You still have to trust the counterparty to deliver whatever the Bitcoin is being exchanged for.
- vmception 6y agonot with a multi-signature address acting as escrow. 2013 called and wants its arguments back
- throwlogon 6y agoIn that case you still have to trust the escrow service.
- vmception 6y agoyes. its an adaptation to that economy and allows for mitigating risks. not a panacea the escrow service would be one party of the multisignature transaction. no party can move the funds on their own. you are moving an arbiter to the point of transaction, instead of after a transaction doesn't go as planned.
- grubles 6y agoTrust minimization instead of maximally trusting RBC with all of your money but also the counterparty to deliver.
- deleted 6y ago[deleted]