Post
Topic
Board Altcoin Discussion
Re: XC uses multisig address and transaction? The answer is NO!! Look at facts here!
by
mr_random
on 16/08/2014, 20:09:06 UTC


hahaha, m-of-m multisig, this is the first time I see this, very entertaining... used in mix transactions trustlessly?? This is even more a joke, by trustless you mean the m members doing mixing are not trusted, so if there is one bad guy, you all screwed, because m-of-m address in order to spend, you need everyone to sign, if one bad guy not sign, your fund is locked forever.

This seems written by a guy who has zero knowledge about multisig, except the word "multisig".

That's why the altcoin there are so many scam coins. Grin

Actually if one person doesn't sign, the transaction is simply rejected, the same as DRK.