4 ms·
> It isn't difficult to set up multisignature wallets I don't think setting up the wallet is the hardest part. The hardest part would be to get into a legally
by lottin 5y ago
> It isn't difficult to set up multisignature wallets
I don't think setting up the wallet is the hardest part. The hardest part would be to get into a legally binding agreement with the other parties, that you depend on from now on to access your "wealth", the very situation that crypto-currencies were supposed to avert.
- smeej 5y agoHow is that any harder than getting into a legally binding agreement with anyone else about anything else under the existing system? You can make sure they don't have enough of the keys to move your funds without your consent. Making a legally binding agreement that they have to give you access to the key they have if/when you demand it is no more complex a legal task than any other instance where you trust someone to custody something for you.
- lottin 5y ago> How is that any harder than getting into a legally binding agreement with anyone else about anything else under the existing system? I never said it was harder. I'm merely pointing out that the proposed solution to this particular usability issue that crypto-currencies suffer from involves reverting back to a web of mutual obligations enforced by courts of justice, which entirely defeats the purpose of using a crypto-currency.