reply on: The Incident \ stacker news ~bitcoin

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We need to use web of trust, not just for cases like this, everywhere.

WoT superior to escrow?

how do you trust your escrow guy?

You don't, so you 2-of-2.

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

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.

What’s the incentive of the sender to release the funds before or after receiving what they are paying for?

You overpay into the escrow.

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