BlindMayorBitcorn (OP)
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December 08, 2014, 03:36:53 AM |
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Or: why escrow when there is multi-sig? Or: why not escrow _with_ multi-sig  |
Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
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DannyHamilton
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December 08, 2014, 04:44:16 AM
Last edit: December 08, 2014, 02:39:34 PM by DannyHamilton |
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Or: why escrow when there is multi-sig?
MultiSig alone can be a problem if one party disappears before the transaction is complete. There is no way for the remaining party to acquire control of the funds. Or: why not escrow _with_ multi-sig Escrow with multi-sig is a great idea. Unfortunately, there aren't any wallets that make multi-sig easy and convenient for novice users yet. |
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silvestar
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December 08, 2014, 07:38:17 AM
Last edit: December 08, 2014, 08:40:07 AM by silvestar |
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Or: why escrow when there is multi-sig?
MultiSig alone can be a problem if one party disappears before the transaction is complete. There is no way for the remaining party to acquire control of the funds. A 2-of-3 multisig shouldn't have this problem. Even if the escrow service provider disappears, the two parties can still discuss and clear the transaction themselves.botany, yup you are right. My bad. I somehow read the his first section and his second quote together. |
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botany
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December 08, 2014, 08:22:10 AM |
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Or: why escrow when there is multi-sig?
MultiSig alone can be a problem if one party disappears before the transaction is complete. There is no way for the remaining party to acquire control of the funds. A 2-of-3 multisig shouldn't have this problem. Even if the escrow service provider disappears, the two parties can still discuss and clear the transaction themselves. I guess Danny was talking about MultiSig without escrow when he made the comment above. |
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madmax6688
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December 08, 2014, 11:01:18 AM |
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Or: why escrow when there is multi-sig?
MultiSig alone can be a problem if one party disappears before the transaction is complete. There is no way for the remaining party to acquire control of the funds. A 2-of-3 multisig shouldn't have this problem. Even if the escrow service provider disappears, the two parties can still discuss and clear the transaction themselves. I guess Danny was talking about MultiSig without escrow when he made the comment above. And even with escrow, if the buyer and escrow disappear then multisig fails. |
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BlindMayorBitcorn (OP)
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December 08, 2014, 12:45:19 PM |
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Or: why escrow when there is multi-sig?
MultiSig alone can be a problem if one party disappears before the transaction is complete. There is no way for the remaining party to acquire control of the funds. Or: why not escrow _with_ multi-sig Escrow with multi-sid is a great idea. Unfortunately, there aren't any wallets that make multi-sig easy and convenient for novice users yet. Ohhh. Thanks bro:) |
Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
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HeroCat
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December 08, 2014, 12:58:15 PM |
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Escrow you can use for BTC transactions safety, when you are not sure about the deal and BTC sender. It is like in the banks, they use similar methode. Multi sig wallet is something different - it can always give you more transaction safety. Both are good services  |
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DannyHamilton
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December 08, 2014, 02:42:22 PM |
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even with escrow, if the buyer and escrow disappear then multisig fails.
True. Therefore, when choosing escrow it would be a good idea to choose someone that you trust and who you feel is reliable. |
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newflesh
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December 08, 2014, 08:09:32 PM |
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Or: why escrow when there is multi-sig? Or: why not escrow _with_ multi-sig It's a lot easier for noobs to use a trusted escrow than it is for them to get their heads around multi-sig wallets. Hoping they get simplified in the future |
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SirChiko
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December 08, 2014, 08:23:36 PM |
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If you know some trustfull and active escrow then there shouldn't be problem.
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The only online casino on which i won something. I made 17mBTC from 1mBTC in like 15 minutes. This is not paid AD!
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BlindMayorBitcorn (OP)
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December 09, 2014, 02:58:06 AM |
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Multi-sig is so cool tho. Maybe we need a new breed of wallets to accomodate it?
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Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
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Candystripes
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***THIS ACCOUNT IS NO LONGER ACTIVE***
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December 09, 2014, 03:54:24 AM |
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Multi-sig is so cool tho. Maybe we need a new breed of wallets to accomodate it?
Greenwallet and some others already support it. |
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No longer under the possession of Candystripes.
Account is currently dormant.
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