How can we improve Bitrated?

I have several questions (Bitrated may not be safe)

Hi guys, I have checked your site and as I see, your strategy may not to be safe:

#1.- Where is your code? I mean, do you have some Git Hub repository where to go and check the integrity of your App?... To be a DECENTRALIZED community your code has to be open and transparent.

#2.- Just a 2-of-3 multisig contract? Really?, What about a hostage scenario? A really trustless contract needs the handling of Hashed-Locked conditions, and the mere signatures of the three parties are not enough for a really armored contract.

#3.- Even if you decide to use a really armored strategy, to really protect these contracts with Hashed-Locked procedures, you will need to handle the malleability issue. Are you waiting the implementation of SegWit to start Bitrated?
I know some tricks to avoid the malleability issue, but it will only work over a meta-protocol layer (Like Omni or Colu). If you like we can talk.

My best regards

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Julio Moros shared this idea  ·   ·  Flag idea as inappropriate…  ·  Admin →

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