--- Log opened Mon Apr 03 00:00:21 2023
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07:58 < pinheadmz> Have there been any ideas about escrow on LN? ( _aj_ ?) Asking sorta on behalf of the third iteration of OpenBazaar being built
08:05 < _aj_> what do you mean by escrow?
08:05 < pinheadmz> buyer sends money to seller. but seller does not receive money until buyer recieves product, and signs something
08:06 < pinheadmz> OB uses a 2of3 where the 3rd party is a moderator that can step in if the sale is disputed by either party
08:06 < _aj_> pretty painful for everyone between the buyer/seller whose funds are held up?
08:06 < pinheadmz> yep
08:06 < pinheadmz> could be for a few weeks even
08:08 < _aj_> send the funds to the escrow over lightning; then they send the funds to the seller or refund? or just have a custodian like muun wallet hold the funds, and have the buyer/seller have accounts with the custodian (since they both have to have a i-trust-them relationship with the escrow agent anyway)
08:10 < _aj_> https://lists.linuxfoundation.org/pipermail/lightning-dev/2019-June/002028.html and https://lists.linuxfoundation.org/pipermail/lightning-dev/2019-October/002213.html may be of interest?
08:10 < pinheadmz> that works but is more trust-y than the on chain 2of3. the happy path is buyer+seller cosign to release funds one way or the other. the moderator doesnt even know their key is involved unless a dispute is raised
08:10 < pinheadmz> ah great ML posts thanks ill read up
08:11 < BlueMatt[m]> Yea issue with Lightning is always you absolutely shouldn’t be building anything that sends long lived HTLCs in the common case
08:11 < pinheadmz> on chain also has a 45 day timeout where seller just gets the money in case buyer and moderator are unreachable
08:11 < pinheadmz> yeah
08:12 < _aj_> maybe with ptlcs you could do something along the lines of https://lists.linuxfoundation.org/pipermail/lightning-dev/2021-January/002937.html to at least prove that the escrow is cheating
08:12 < pinheadmz> might not really be possible without something like a garunteed valid potential refund payment going the other direction or something or perhaps an on chain fallback refund in case of dispute
09:02 < BlueMatt[m]> “Guaranteed valid” implies locked up channel capacity :(
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--- Log closed Tue Apr 04 00:00:22 2023