We're all still waiting on 2of2 multisig to end the madness

2of3 multisig failed, TMP is a testament to that, why, because it required buyers to do extra work for little benefit to them.

So whats the solution? 2of2 multisig, the vendor and the market each hold a key to the escrow:

Benefits

Restrictions

To date not one market has implemented 2of2 multisig.


Comments


[2 Points] fun-gee:

2 of 3 multisig where a 3rd party escrow agent is handling the key for the buyer is a better solution than 2 of 2. Still has the same benefits but it will be possible to get the coins back even in case the market goes down.

And for the buyer, the ordering process is exactly the same as with regular escrow.

Relevant thread


[2 Points] galaxyandspace:

2 of 3 multisig failed because of lack of user friendly tools to create and finalize multisig transactions, not because the concept is flawed or bad. Fix the above problem, and multisig will become king like TMP meant it to be.