Lip service is all we've ever seen so its complexity effectively makes it just another instrument of fraud.
Is anyone working on a simple implementation for Multi-Sig?
Lip service is all we've ever seen so its complexity effectively makes it just another instrument of fraud.
[2 Points] fun-gee:
[1 Points] SecondChanceUsername:
Theres a couple sites that used it before. But it never really caught on. Its fairlyy complicated to learn and rarely becomes necessary. Plus its harder to code a site with M-S. So people think they can get away without using it.Even after the Evo scam, people came outta the woodwork to demand M-S but the demand will die down eventually. The demand for reliable sites/trusted admins is always high though.
[1 Points] opiatethrowy:
Black bank has multi sig
[1 Points] ShulginsCat:
Are you talking about a marketplace or like a plugin for electrum?
Multisig for buyers: generate a new bitcoin address, take the public key of that address and paste it into the market where it ask for it. Job done, that's was all. The market creates a multisig address using the buyer's public key, and the buyer has to send the coins to that address instead of a central escrow.
Most modern wallets make it easy to get the public key, and since the address is only used as a key and does not store any funds, even a web app can be used to generate it. eg.: brainwallet.org, coinb.in, blockchain.info all these shows the public key so you just have to copy paste it to the market, and make sure to save the private key in case anything happens.
TLDR: Generate a bitcoin address, use the public key where the market needs it, save the private key.