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.
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.
[1 Points] endedbytheknife:
[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.
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.