[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)

chimp1984 notifications at github.com
Wed Oct 28 15:46:47 UTC 2020


@pazza83 I don't understand your post. 
The current mediator can do the suggested payout from giving all (minus the min. refund 0f 0.003 btc) to one party if there was a clear protocol violation. For not malicious violations it is up to the mediators judgement to distribute.
Once it goes to arbitration 100% of all funds+deposits are sent to the burningman and there converted to burned BSQ. The arbitrator can also judge if and how much any party should get refunded. So we have all lexibility managed by human judgement in place.

I think @wiz intention was to find a model where a 3rd party could release the funds without using the refund agant model. IMO this is very similar to the old 2of3 multisig arbitration which could have been extendes also to a group of arbitrators (3of5 or the like) doing the payout together. This idea was out since long but never got considered to be implemented as the coordination problem between the arbitrator would have added considerable complexity and fricton and the main problem that there is a 3rd party party partially controlling the funds (in some context) was just delegated to more entities but not solved.  

-- 
You are receiving this because you are subscribed to this thread.
Reply to this email directly or view it on GitHub:
https://github.com/bisq-network/proposals/issues/220#issuecomment-718023837
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.bisq.network/pipermail/bisq-github/attachments/20201028/7f887878/attachment.html>


More information about the bisq-github mailing list