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I think they're for different use cases entirely. Though I'd guess/hope that they could be composed together.
Sarafu is for a permissioned group of vouchers to be pooled at a set exchange rate, and exchanged freely with members or outsiders. Seems like it could be used for many things, like mutual aid, rotating community labor, retrocomp, commitment-backed currencies, simple trade, etc. People can be creative and flexible with it and use their vouchers as they like (even in multiple groups!).
A multisig is better for controlling resources held mutually by a small team of collaborators, or by delegates of a larger community. It allows many people to use Ethereum as one account, but outsiders can't really interact with its resources much, besides some limited delegated spending authority. 1 reply
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