Post
Topic
Board Exchanges
Re: bitsquare.io - The P2P Fiat-Bitcoin Exchange
by
k99
on 02/10/2014, 23:40:06 UTC
Hi,

I have not read the whole thread in the links but if it is a 2of2 MultiSig then it is the initial concept i tried out which turned out that it is unsafe regarding blackmail.
as the deposit is async the party with less money locked can blackmial the other in sending a pre-signed blackmial payout tx. that way its rational to accept the blackmail.
If the concept you mentioned is differnt to that what I assumed, can you describe it quickly? I don't have much time yet for reading too much...


hey guys was at today's presentation...

let me ask a question, why arbitrary system and why not bithalo system for escrow??

https://github.com/OpenBazaar/OpenBazaar/issues/528

http://bithalo.org/wp-content/uploads/2014/06/whitepaper_twosided.pdf

two sides escrow may include a "security" 3rd part escrow in case users agree...