How does Multi-sig protect a vendor if a market went down?

I just joined Hansa and was wondering if Hansa(heavens forbid) went down and I had a bunch of money in escrow. How would I collect? This is my first market and I choose it because of this. I just don't fully understand.


Comments


[1 Points] endedbytheknife:

Hansa doesnt have escrow and the funds are in a wallet protected by 3 keys. Only 2 keys are needed to sign and unlock funds. If market goes down, both you and vendor can work together to release funds. If it were taken by LE/Hackers, they could release the keys to sign and you/vendor could use that to release.

That's why it's important to have your vendors' emails.


[1 Points] None:

Periodically pull this:

http://hansamkt3iph6sbb.onion/dashboard/vendor-locktime-tx

You will still need your customer to sign their part, but it certainly gives the market ZERO incentive to try and run away with money.