Super Testnet on Nostr: I like the general idea but it doesn't seem like bitvm computes anything here, so it ...
I like the general idea but it doesn't seem like bitvm computes anything here, so it seems like a generic 2 of 2 multisig address would work better
If Alice wants to buy 5 btc, she deposits 10 as payment + collateral. Bob accepts by depositing 10 as well. In the happy path, Alice sends Bob the normal money they a payment method they agree on, and they cosign to give Alice 15 btc (so she is up 5) and Bob the remaining 5. If either party refuses to follow the protocol, the other party refuses to cosign anything, so they both lose money. This incentives following the happy path without needing any of bitvm's complexity.
If Alice wants to buy 5 btc, she deposits 10 as payment + collateral. Bob accepts by depositing 10 as well. In the happy path, Alice sends Bob the normal money they a payment method they agree on, and they cosign to give Alice 15 btc (so she is up 5) and Bob the remaining 5. If either party refuses to follow the protocol, the other party refuses to cosign anything, so they both lose money. This incentives following the happy path without needing any of bitvm's complexity.