3 ms·
You could use multisig transactions so that you don't put your trust centrally in one third party service, for example you could trust three independent service
by jliptzin 12y ago
You could use multisig transactions so that you don't put your trust centrally in one third party service, for example you could trust three independent services to each hold a private key, that way 2/3 would have to be compromised at the same time in order to for something bad to happen. For more robust security you could add services and need 3/5, 6/10, etc. I'm not sure of the exact implementation details, but in theory I think that would be one solution.
> https://en.bitcoin.it/wiki/Contracts#Theory https://en.bitcoin.it/wiki/Contracts#Theory
- sillysaurus3 12y agoUnfortunately, the naive implementation of this precludes day trading.