reply on: Why don't we organize locally to create a p2p/IRL "bitcoin exchange"? \ stacker news ~bitcoin

0 sats \ 1 reply \ @satoshiplanet OP 30 Dec 2023 \ parent \ on: Why don't we organize locally to create a p2p/IRL "bitcoin exchange"? bitcoin

Thanks for the suggestion, I used localbitcoins years ago, it seems very similar

0 sats \ 0 replies \ @kristapsk 30 Dec 2023

LocalBitcoins was custodial, this is not. Seller deposits bitcoins directly into 2-of-3 multisig address of each contract, buyer then get them to his wallet. At no point HodlHodl has full control over any bitcoins of the traders.