[bisq-network/proposals] Replace the role of Refund Agent with a new team of Arbitrators that can together publish one of several pre-signed 2 of 2 multisig timelocked payout transactions as proposed by a Mediator (#220)

huey735 notifications at github.com
Thu May 7 13:08:19 UTC 2020

@sqrrm as both @MwithM and @clearwater-trust mentioned above, the Third Trust Party never left and in the new protocol it was what led to the recent exploit. As of today @burningman2 can take all offers and just sit and wait for the funds to be sent to their address.

@MwithM you make a great point regarding the redundancy flaw in my suggestion. I don't know much about SSSS but given that 3of5 of the arbitrators can decrypt the transactions then that's the better way.
1. Regarding workflow. Given that we won't abolish the Mediator role, I think that they should approach the traders and come up with a solution then. If one of the traders is clearly at fault the mediator can then present the case to the arbitrator and point them to the correct payout. 
2. I don't see any downsides to keep the current security deposit model. What do you have in mind?
3. I agree with you.
4. I hadn't thought of that. It seems fair, the mediators time is valuable and I'm all for punishing traders if they go against trade protocol.

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