Correct
Im also not sure if this contract exists already but with code, if we can think it we can pay someone to make it possible.
The bulk of the risk would be with the user getting the promised amount of HIVE for SPI. If it were ever set up, SPI would have a dedicated account for this and users would be free at any time to check the account to see its balance and powerdowns. SPI (i think) has a pretty good rep for those that know about it.
Thanks for the cool comment, I can tell you read the post.
Of course I read the text... it's a great text by the way, and I'm not a video consumer so I really appreciate quality written content. Thanks for posting!
I know little about the SPI project. My intention in raising the issue of trust in the debate is that it could be a weakness for the project, if it ever comes to fruition, in terms of obtaining new users. Only those who already know and trust would be able to carry out the business.
Thank you for answering me, it's great to know that I was read too!
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Hello, SPI is a small niche project known to very few on HIVE so your point is very valid. After some thought, trust can be removed by adding an extra transaction to the multi-sig.
The process would be the same as before except when SPI signs, HIVE would be automatically sent to the user before the transaction is confirmed. If the liquid HIVE is not in the SPI account, the transaction would fail.
Thanks for your feedback and input, this is where I learn the most. I should have already thought to make the complete transaction automated. So we now have a v2 😁