Title: We are planning to build a P2P market for trading bitcoins with multisig escrow Post by: YardWallet on June 16, 2015, 06:25:23 AM Nowadays we can buy and sell bitcoins through the exchanges or some centralized platforms (e.g., localbitcoins.com). Usually The exchanges will ask for your identification and the platforms will hold your bitcoins before the trade starts. It’s not so reliable for your privacy or the safety of your coins.
We are planning to build a P2P market in YardWallet (http://yardwallet.com) with multisig escrow. And these are the steps:
What if the buyer or the seller want to scam?
With these measures, the sellers can hold bitcoins in their local wallet at ordinary times. Only when a trade is started the seller needs to escrow bitcoins which will be jointly controlled by the seller, the buyer and the platform instead of only by the platform. So it’s much safer for the bitcoins and more convenient than the centralized platforms. What do you think? Any suggestion is heavily appreciated. Thank you. Title: Re: We are planning to build a P2P market for trading bitcoins with multisig escrow Post by: CryptoTrout on June 16, 2015, 06:26:09 AM good luck
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