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150 sats \ 5 replies \ @ek 7h \ parent \ on: The Incident bitcoin
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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90 sats \ 4 replies \ @optimism 7h
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 7h
What’s the incentive of the sender to release the funds before or after receiving what they are paying for?
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100 sats \ 2 replies \ @optimism 7h
You overpay into the escrow.
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100 sats \ 1 reply \ @ek 7h
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
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50 sats \ 0 replies \ @optimism 7h
Yes they do, and I think it's because it's an earning model for the service provider, and 2-of-2 feels really scary. But it depends on how trusting you are. If you aren't trusting, 2-of-3 is more scary unless you control the "neutral" share (i.e. it is not neutral)
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