[GeneralQuestions] So... Hows that multisig going?

Right after the Evolution exit scam there were tons of threads about moving towards multisig.

It's been more than a month since then. How has the scene developed?

If you're a buyer, do you use multisig more now? If you're a vendor, what are your multisig volumes like?

If BlackBank or another market exit scammed, how fucked would we be?

This website shows a proxy for multisig adoption on the whole bitcoin network http://p2sh.info/ As you can see the volume trend hasn't changed much in a month. Probably because darknetmarkets are actually quite a small part of the bitcoin ecosystem. Most multisig is probably exchanges using it for better security.


Comments


[12 Points] GrandWizardsLair:

Right now the Grand Wizard is doing approximately 50% of his business on BlackBank as multisig transactions. So while there hasn't yet been universal multisig adoption there certainly is far more interest in multisig than there was a few months ago.


[6 Points] None:

Whats multisig and how do i do it?


[2 Points] LittleNiggerBaby4:

I was never able to get multisig set up on blackbank, I did it for one order on evo but BB just kept giving me some error message saying the address I used wasn't valid.


[1 Points] Chroncentrates:

I'm going to start requesting that higher dollar amount purchases be done via multi-sig.. the little stuff. it's too much effort. But for bulk.. seems safest for everybody.


[1 Points] Aluminum_Foil_Hat:

I have helped one vendor start accepting multisig on BB, currently trying to help another. Unfortunately I have only been able to place 2 multisig orders out of 5.


[-1 Points] None:

Don't do it because to lazy to learn it lol