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A comment on The largest unknown Bitcoin wallet moved nearly $1B for $0.48 in fees. Parent comment

Re:The largest unknown Bitcoin wallet moved nearly $1B for $... by grubles on Tuesday June 30, 2020 @10:32AM (#23690398)
The point is the entire point of Bitcoin itself is to minimize or hopefully remove completely the requirement of trust.
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Re:The largest unknown Bitcoin wallet moved nearly $1B for $... by throwlogon on Tuesday June 30, 2020 @10:34AM (#23690428)
You still have to trust the counterparty to deliver whatever the Bitcoin is being exchanged for.
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Re:The largest unknown Bitcoin wallet moved nearly $1B for $... by vmception on Tuesday June 30, 2020 @10:41AM (#23690502)
not with a multi-signature address acting as escrow.

2013 called and wants its arguments back

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Re:The largest unknown Bitcoin wallet moved nearly $1B for $... by throwlogon on Tuesday June 30, 2020 @10:43AM (#23690523)
In that case you still have to trust the escrow service.
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Re:The largest unknown Bitcoin wallet moved nearly $1B for $... by grubles on Tuesday June 30, 2020 @11:05AM (#23690783)
Trust minimization instead of maximally trusting RBC with all of your money but also the counterparty to deliver.
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Re:The largest unknown Bitcoin wallet moved nearly $1B for $... by vmception on Tuesday June 30, 2020 @10:45AM (#23690535)
yes. its an adaptation to that economy and allows for mitigating risks. not a panacea

the escrow service would be one party of the multisignature transaction. no party can move the funds on their own. you are moving an arbiter to the point of transaction, instead of after a transaction doesn't go as planned.

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