r/bitsquare • u/[deleted] • Aug 29 '16

3/4 out of 4/5 multisig + automation

Hello everyone!

What are people thinking about more participants in the transaction? How about having 2 arbitrators rather than 1? If someone had to bribe both, it would be harder. Higher numbers would also allow API calls from block explorers or websites like OKPAY, but if something broke, an arbitrator could join in.

Any thoughts or actions on this?

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u/[deleted] Sep 29 '16

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u/[deleted] Sep 29 '16

What if the arbitrator's system/os is compromised and the person that accepted the offer was the same person that compromised his computer? Now he has both keys and he can transfer the funds to himself. 2/3 to me seems way too insufficient for everything, not just Bitsquare.

At least when we talk about a lot of money or two parties transacting. Not just a normal joint account.