Hey, I have a question for the more reputable escrow providers:
What implications, if any, would arise from including one of you as a co-signer for keysCrow (see sig)? It would allow for 2-of-4 and 2-of-5 edit: 2-of-N is insecure, I realize now. But, the users could still choose their arbiter and use their public key in the multisig addresses, while still allowing minimal intervention from any of the co-signers. All we would need is your P2SH public key.
Let me know what you think, I'm strongly considering asking someone or two.
Grtthegreat was discussing such an escrow network on this thread:
https://bitcointalksearch.org/topic/multi-sig-escrow-networks-2-of-345-network-a-proposal-1308670Including all the implications.
And someone was asking me if i would want to offer my escrow service on another platform.
The problem with other websites is that it is an additional layer you have to trust. And the escrow most probably takes the highest risk, since when the website scams it is not far fetched that the traders might try to get his coins back from the escrow.
What i mean, a secure communication is needed. But even when there is a way to communicate encrypted on that site only to establish a trade... how can an escrow really be sure that the encryption is safe? That it is impossible to change the content written or impersonate the escrow.