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> Others like decentralized escrow and multi-signatory wallets Uhh, multi-signatory bank accounts are about as old as banking.
by CaptainZapp 4y ago
> Others like decentralized escrow and multi-signatory wallets
Uhh, multi-signatory bank accounts are about as old as banking.
- whatisweb3 4y agoOld and clunky. Try setting up a multisig on the weekend with a few friends around the world, who all use different banks. It usually involves a lot of time, paperwork, lock-in to a single bank, monthly fees, sharing private data, and strict limitations on use. In comparison you and several friends can set up a m-of-n account in a couple of transactions, closer to the flow and ease of setting up a new WhatsApp group.