wokwobble on Nostr: Note on Multusig Organisation Structures In a 2 of 3 multisig (stak pact) with two of ...
Note on Multusig Organisation Structures
In a 2 of 3 multisig (stak pact) with two of your friends you are giving away your bitcoin to the honour of the group… In a smart which you might design to inforce the same agreemen you must rely on an oracle or unknown thirdparty for arbitration… When you start this multisig or smart contract stak pact arrangement you really don’t know what it is or whats going to happen (obvs its hard to predict the future) and this means it is difficult to program a complex smart contract correctlly. Conversely with the multisig you can assume that it will be governed by natural law of which you have a lifetime of expereince and of which you can undersatnd more deeply as you get to know your multisig friends. In the multisig the natural law of the group can be dynamic and you don’t to make a significant prediction at the start.
In a 2 of 3 multisig (stak pact) with two of your friends you are giving away your bitcoin to the honour of the group… In a smart which you might design to inforce the same agreemen you must rely on an oracle or unknown thirdparty for arbitration… When you start this multisig or smart contract stak pact arrangement you really don’t know what it is or whats going to happen (obvs its hard to predict the future) and this means it is difficult to program a complex smart contract correctlly. Conversely with the multisig you can assume that it will be governed by natural law of which you have a lifetime of expereince and of which you can undersatnd more deeply as you get to know your multisig friends. In the multisig the natural law of the group can be dynamic and you don’t to make a significant prediction at the start.