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Community Bot
Community Bot
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What happens if funds are sent to the multi-sig address and say the seller is hit by a bus before posting the adorable Hello Kitty™ mug that you bought?

 

Does the 3rd party simply sign a transaction returning the coins to the buyer?

Yes, if your address has a public key for 3 users, and you have problems receiving your goods, you can ask the arbitrator to sign review the situation and maybe create a transaction which pays you the money in the address. You sign, he signs, you get a refund. It's at the whim of the arbitrator.

What about the general case of an address where n == i? Are the coins lost?

Yes, if anyone loses their key, and the address requires same number of sigs as public keys, you cannot recover the funds.

What happens if funds are sent to the multi-sig address and say the seller is hit by a bus before posting the adorable Hello Kitty™ mug that you bought?

 

Does the 3rd party simply sign a transaction returning the coins to the buyer?

Yes, if your address has a public key for 3 users, and you have problems receiving your goods, you can ask the arbitrator to sign review the situation and maybe create a transaction which pays you the money in the address. You sign, he signs, you get a refund. It's at the whim of the arbitrator.

What about the general case of an address where n == i? Are the coins lost?

Yes, if anyone loses their key, and the address requires same number of sigs as public keys, you cannot recover the funds.

What happens if funds are sent to the multi-sig address and say the seller is hit by a bus before posting the adorable Hello Kitty™ mug that you bought?

Does the 3rd party simply sign a transaction returning the coins to the buyer?

Yes, if your address has a public key for 3 users, and you have problems receiving your goods, you can ask the arbitrator to sign review the situation and maybe create a transaction which pays you the money in the address. You sign, he signs, you get a refund. It's at the whim of the arbitrator.

What about the general case of an address where n == i? Are the coins lost?

Yes, if anyone loses their key, and the address requires same number of sigs as public keys, you cannot recover the funds.

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Nate Eldredge
Nate Eldredge
  • 23.1k
  • 3
  • 41
  • 80

What happens if funds are sent to the multi-sig address and say the seller is hit by a bus before posting the adorable Hello Kitty™ mug that you bought?

Does the 3rd party simply sign a transaction returning the coins to the buyer? Yes, if your address has a public key for 3 users, and you have problems receiving your goods, you can ask the arbitrator to sign review the situation and maybe create a transaction which pays you the money in the address. You sign, he signs, you get a refund. It's at the whim of the arbitrator.

Yes, if your address has a public key for 3 users, and you have problems receiving your goods, you can ask the arbitrator to sign review the situation and maybe create a transaction which pays you the money in the address. You sign, he signs, you get a refund. It's at the whim of the arbitrator.

What about the general case of an address where n == i? Are the coins lost? Yes, if anyone loses their key, and the address requires same number of sigs as public keys, you cannot recover the funds.

Yes, if anyone loses their key, and the address requires same number of sigs as public keys, you cannot recover the funds.

What happens if funds are sent to the multi-sig address and say the seller is hit by a bus before posting the adorable Hello Kitty™ mug that you bought?

Does the 3rd party simply sign a transaction returning the coins to the buyer? Yes, if your address has a public key for 3 users, and you have problems receiving your goods, you can ask the arbitrator to sign review the situation and maybe create a transaction which pays you the money in the address. You sign, he signs, you get a refund. It's at the whim of the arbitrator.

What about the general case of an address where n == i? Are the coins lost? Yes, if anyone loses their key, and the address requires same number of sigs as public keys, you cannot recover the funds.

What happens if funds are sent to the multi-sig address and say the seller is hit by a bus before posting the adorable Hello Kitty™ mug that you bought?

Does the 3rd party simply sign a transaction returning the coins to the buyer?

Yes, if your address has a public key for 3 users, and you have problems receiving your goods, you can ask the arbitrator to sign review the situation and maybe create a transaction which pays you the money in the address. You sign, he signs, you get a refund. It's at the whim of the arbitrator.

What about the general case of an address where n == i? Are the coins lost?

Yes, if anyone loses their key, and the address requires same number of sigs as public keys, you cannot recover the funds.

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karimkorun
karimkorun
  • 917
  • 5
  • 15

What happens if funds are sent to the multi-sig address and say the seller is hit by a bus before posting the adorable Hello Kitty™ mug that you bought?

Does the 3rd party simply sign a transaction returning the coins to the buyer? Yes, if your address has a public key for 3 users, and you have problems receiving your goods, you can ask the arbitrator to sign review the situation and maybe create a transaction which pays you the money in the address. You sign, he signs, you get a refund. It's at the whim of the arbitrator.

What about the general case of an address where n == i? Are the coins lost? Yes, if anyone loses their key, and the address requires same number of sigs as public keys, you cannot recover the funds.