Post
Topic
Board Altcoin Discussion
Re: XC uses multisig address and transaction? The answer is NO!! Look at facts here!
by
therightmintality
on 16/08/2014, 22:25:51 UTC
BTW, this is Gavin Andersen's example on the multisig in Bitcoin. Supercoin/mammothcoin implemented exactly the multisig technology, same is done at OpenBazaar.

https://gist.github.com/gavinandresen/3966071

XC devs please learn and hope you will have a real multisig system implemented, not just a name. Cool


Funny... do you still use AOL for your email as well.  You are using bitcoin technology and open bazaar's rationale, both without anon....  therefore nodes can be more trusted, but they have to be trusted.  XC offers trustless mixing where every node signs off and can't steal coins, if it doesn't sign, it resyncs and sends the transaction to another set.   Highly likely most transactions will be very quick, but if there is an attempt to be a bad actor they are inhibited from gaining access to the coins.   Your old technology multi sig allows bad actors/nodes to steal coins.  THis has been know for a long time, with coins before yours that you stole to write your code.   In fact you deleted a 500 post thread because it primarily discussed the inadequacies of this design.