Hello, is there any app that allows a person to hire another for say build a house, where payments are locked in musig2? I saw musig2 allow an arbiter as a taproot leaf. For example a 3 month contract, 2-2 musig2 locked funds (principal, a contractor warranty) where if deadline is reached, a thirtd party can step in an decide the result? I was thinking about trying to implement something like that. But I know musig2 is not widely supoorted.
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I don't know much about musig2. In the other side, there are many platforms to orchestrate contracts using multisig, even using lightning. We have collected a list in this post.
If you don't know, a 2-o-2 multisig is the most dangerous and unsafe way to deal with a contract. Most probably, from a statistical perspective, the funds locked in that multisig will be lost simply because two human beings will rarely find agreement to execute the contract. Especially when amounts are considerable, like for building a house. The process is complicated, and one contract cannot define all the clauses.
I suggest you learn more about bitcoin and if you need to do a multisig with strangers, ensure you have a trusted third party that can join a 2-o-3 multisig #1248555
Great resource thanks.
Yeah I will study it well and test what I draft only in test network. But yeah a 2-2 might be too risky. I wanted to replicate the way bisq did things in some way. Anyway I heard musig2 2-2 does allow for a 3rd party participation in some conditions.
This is an article of musig2. https://blog.blockstream.com/musig2-simple-two-round-schnorr-multisignatures/