@theymos - Request: Multisig addresses for treasurers

[EcuaMobi]

I'll would almost guarantee that he has the home address and real name of OGNasty in case something like theft were to happen

I sure hope so. I'd consider that absolutely required, regardless of whether a multisig address is used, for security, to sign the contract and for tax purposes.
That would also allow to make sure the chosen treasurers are really different people and not related to each other, which worried QS.

Whatever security implemented at the moment can be kept and improved. Using a multisig address just adds even more security, nothing needs to be compromised as far as I know or has been exposed here.

[1714063291]

1714063291

[1714063291]

1714063291

[1714063291]

1714063291

[1714063291]

1714063291

[1714063291]

1714063291

[HCP]

I'm actually a little surprised that all of the forums funds are held by a single entity. Not even really a "trust" thing... but more just common sense risk management.

Especially considering funds have already been lost because of a "single point of failure".

[OgNasty]

I doubt very much he's gonna just send 500 btc to a guy and not have some sort of information on the guy.

When theymos sent me the treasury funds, I had not given him any information about myself whatsoever.  I keep the funds safe because I am an honest person, not out of fear that I couldn't take the BTC.  Read the contract... 

"This is a non-legal agreement between The Bitcoin Forum ("Forum") and OgNasty ("Treasurer"). This agreement is intended to be enforced in a non-violent, non-legal way by the community."

This Libertarian treasury experiment was a leap of faith by theymos, and I am not going to disappoint him.  Don't just take my word for it though.  Watch and see.

[Vod]

This Libertarian treasury experiment was a leap of faith by theymos, and I am not going to disappoint him.  Don't just take my word for it though.  Watch and see.

I'm glad I was able to help increase security.   Still OG, you cannot cheat death, or control the actions of other (truck) drivers.

Also, nothing is stopping you from using those funds to disappear should your lose your house.  :/

"This is a non-legal agreement between The Bitcoin Forum ("Forum") and OgNasty ("Treasurer"). This agreement is intended to be enforced in a non-violent, non-legal way by the community."

We've seen how you respect the community....

Multisig is necessary.

[OgNasty]

This Libertarian treasury experiment was a leap of faith by theymos, and I am not going to disappoint him.  Don't just take my word for it though.  Watch and see.

I'm glad I was able to help increase security.   Still OG, you cannot cheat death, or control the actions of other (truck) drivers.

Also, nothing is stopping you from using those funds to disappear should your lose your house.  :/

"This is a non-legal agreement between The Bitcoin Forum ("Forum") and OgNasty ("Treasurer"). This agreement is intended to be enforced in a non-violent, non-legal way by the community."

We've seen how you respect the community....

Multisig is necessary.

Vod, you really need to get a life. If you think an insignificant weasel like yourself could have an effect on my security practices, you’re more narcissistic than I thought. You’ve turned yourself into a running joke and you’re the only one not in on it.

[Vod]

If you think an insignificant weasel like yourself could have an effect on my security practices, you’re more narcissistic than I thought.

Didn't you just offer to leave the door unlocked for me?   

[vit05]

If I could vote for someone to be part of the Multisg wallet, I would vote for Will Binns. Choosing someone who is part of these recurring conflicts over Trust would bring more confusion on this subject.

[EcuaMobi]

Please note I've added a local rule for this thread, as stated in OP:

Local rule:
Vod can't quote or mention OgNasty, directly or indirectly.
OgNasty can't quote or mention Vod, directly or indirectly.

Let's stay on topic.
(However this rule applies even for on topic posts)

[Vod]

Let's keep on topic.

Well then I want my five merit back. 

Seriously though, what is stopping Theymos from doing this?  It is needed now more than ever.  I would expect serious changes in the next month, and that is a lot of money to play with... 

 

[DarkStar_]

Seriously though, what is stopping Theymos from doing this?

He could already be getting it set up. It probably takes a decent period of time to choose treasurers and get them all to securely setup wallets. There's nothing stopping him.

[Hhampuz]

I don't think it is quite that easy to set something like this up, especially if going by your suggestion of 7 members.

Firstly theymos would have to find 7 members who can agree with each other that are trusted enough to hold a key to the wallet. Secondly he'd have to make sure these 7 members are not part of either "side" as it would surely cause a riot if it were to turn out that they were.

I do not envy theymos in this decision and could very well see him set this up with Cyrus/Global Mods and OgNasty thus eliminating any and all random elements.
EDIT; Added OgNasty as he has proven himself capable of holding funds.

[OgNasty]

My vote is for Vod, TMAN, & owlcatz to do a 2 of 3 escrow.

[TheNewAnon135246]

Jesus guys, stop acting like a bunch of kindergarteners. You are both making yourselves look like idiots.

On topic: I think everybody agrees that NOT using multi sig is a huge risk. A 2/3 multi sig wallet is sufficient. I think Theymos is perfectly capable of finding a third treasures (assuming he will be one of the sig holders).

[Steamtyme]

Learn something new everyday, I though this had already been established. I'm shocked it wasn't implemented after the issue with the treasurer Parodium paraipan passing away.

With the talk of pegging it to USD, doesn't theymos peg certain payments or rewards to Troy ounces of Gold?  Not that the forum is currently hurting for funds in any way.

Edit: Thanks LoyceV, now I'm one of those death hoax people 

[Lauda]

Seriously though, what is stopping Theymos from doing this?

He could already be getting it set up. It probably takes a decent period of time to choose treasurers and get them all to securely setup wallets. There's nothing stopping him.

It will happen or is already happening.

[TMAN]

My vote is for Vod, TMAN, & owlcatz to do a 2 of 3 escrow.

Thanks for the vote of confidence OG, quite suprised on the turn around as you used to believe that multi-sig is untested and your own set up is much better.

In seriousness yes I am probably a better choice than you, I would be happy to supply my arrest record if you would as well btw. I would not be willing to escrow such an amount with people I class as friends on the forum though, seeing as we hate each other you and I being polar opposites who can’t agree if it’s raining or not would be a good choice for 2 of the keys, although I’m not too sure if you have any experience with multi sig based on your previous stance

[Quickseller]

I'll would almost guarantee that he has the home address and real name of OGNasty in case something like theft were to happen

I sure hope so. I'd consider that absolutely required, regardless of whether a multisig address is used, for security, to sign the contract and for tax purposes.
That would also allow to make sure the chosen treasurers are really different people and not related to each other, which worried QS.

My concerns are primarily around possible business relationships. If you would trust the keyholders with being solely in control of 500BTC, having this conflict will not make any difference, however if the conclusion is the person would only be safe to hold much less BTC, my concerns become more relevant.

I doubt very much he's gonna just send 500 btc to a guy and not have some sort of information on the guy.

When theymos sent me the treasury funds, I had not given him any information about myself whatsoever.  I keep the funds safe because I am an honest person, not out of fear that I couldn't take the BTC.  Read the contract...  

"This is a non-legal agreement between The Bitcoin Forum ("Forum") and OgNasty ("Treasurer"). This agreement is intended to be enforced in a non-violent, non-legal way by the community."

This Libertarian treasury experiment was a leap of faith by theymos, and I am not going to disappoint him.  Don't just take my word for it though.  Watch and see.

This seems to have worked well with living treasurers, but not so much when the treasurer dies. I suspect this is in part because a treasurers heirs are not going to care about the community the same way a treasurer will, given a best case scenario, and a more common scenario is that the heirs will make a mistake and sell the treasurers computer equipment holding the private keys

[LoyceV]

Learn something new everyday, I though this had already been established. I'm shocked it wasn't implemented after the issue with the treasurer Parodium passing away.

Parodium is alive and posting, you mean paraipan (see Everything I've found on the missing 250 BTC from Paraipan).

OgN has shown himself to be able to be trusted with the money -- he has not touched the money, even as its value exceeded $10 million

Not touching the funds isn't the same as returning them when requested, especially if not touching the funds means a monthly income just for keeping a private key locked up somewhere.
(note: I'm not making any claim about any treasurer's trustworthyness here, I'm just questioning the logic of the system. From what I understand a treasurer's monthly payments would even continue if he lost the private key)

[Murat]

Only one Reason I believe is valid if something happens to Ognasty like Satoshi.

2/3 Multisig is required here.

Theymos
OgNasy
Cyrus

[owlcatz]

My vote is for Vod, TMAN, & owlcatz to do a 2 of 3 escrow.

Thanks for the vote of confidence OG, quite suprised on the turn around as you used to believe that multi-sig is untested and your own set up is much better.

In seriousness yes I am probably a better choice than you, I would be happy to supply my arrest record if you would as well btw. I would not be willing to escrow such an amount with people I class as friends on the forum though, seeing as we hate each other you and I being polar opposites who can’t agree if it’s raining or not would be a good choice for 2 of the keys, although I’m not too sure if you have any experience with multi sig based on your previous stance

Is this some kind of "test" that OG wants to enact to see if we would scam them, or is he being smarmy here? I'd have no issue doing this, but not for free, and certainly not until any and all doxx info was removed about me from investigations - I'm kind of like you OG. Once you know the general area and a name, it's not hard to find people.