I understand that it stops exit scams by vendors but Im looking at all of this EIC stuff and the hype about their multisig but I dont see how it protects me at all if a market goes down.
This timelock basically makes it so vendors have ZERO incentive to ship anything if a market goes down, just wait the 30 days for the windfall.
Am I missing something here?
:edit: to be clear Im not totally shitting on the idea but I dont feel it protects as much as people think it does and leaves some room in certain situations for bad actors to come out on top.
Primarily that vendors who have waited long enough to accept a transaction and not ship that the market suddenly went down before he got it out, is probably not using multi-sig, probably not doing much business in general either.
The odds of that situation being a problem are negligible, basically.