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We need to use web of trust, not just for cases like this, everywhere.
WoT superior to escrow?
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how do you trust your escrow guy?
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You don't, so you 2-of-2.
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150 sats \ 5 replies \ @ek 10 Oct
I thought most escrows use 2-of-3 so they can collaborate with the sender or receiver, so you still need to trust they don't collaborate against you
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That's the trusted third party setup, but with 2-of-2 you don't need trust, but instead everyone is incentivized to keep their side of the deal.
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100 sats \ 3 replies \ @ek 10 Oct
What’s the incentive of the sender to release the funds before or after receiving what they are paying for?
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You overpay into the escrow.
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100 sats \ 1 reply \ @ek 10 Oct
Ah, a bond so I release the funds after receiving what I paid for
I think Robosats is using a bond and 2-of-3 though. If that’s indeed the case, I wonder what their thought process was