Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: cbeast on August 12, 2012, 07:36:28 PM



Title: 2 of 2 escrow walkthru
Post by: cbeast on August 12, 2012, 07:36:28 PM
I would like step-by-step instructions for creating a Bitcoin escrow. Can someone please walk me through an escrow with a bitcent? Here's a public key to which I have the corresponding private key: 16sBoHhUdXUmbpQzbgh6aRNHTbbjunZjAY


Title: Re: 2 of 2 escrow walkthru
Post by: Mike Hearn on August 12, 2012, 08:44:35 PM
I would like step-by-step instructions for creating a Bitcoin escrow. Can someone please walk me through an escrow with a bitcent? Here's a public key to which I have the corresponding private key: 16sBoHhUdXUmbpQzbgh6aRNHTbbjunZjAY

You need more detail. 2-of-2 you can do with Bitcoin RPC today, but you need both keys in your wallet, which makes it fairly useless. Also, when you say "instructions", is "write a program" a valid instruction"? :-)

To me the most useful form of escrow is a 2-of-3 dispute mediation contract. It's not hard to do today if you are willing to get dirty and write some code. But making it useful to ordinary users involves a ton of work to layer everything needed on top in an easy to use manner.


Title: Re: 2 of 2 escrow walkthru
Post by: kwukduck on August 12, 2012, 09:40:26 PM
I don't think you can get funds out of multi-sig addresses yet.
One of the most important features of bitcoin i think but it doesn't seem to have any priority for the devs :)


Title: Re: 2 of 2 escrow walkthru
Post by: notme on August 12, 2012, 09:59:59 PM
I don't think you can get funds out of multi-sig addresses yet.
One of the most important features of bitcoin i think but it doesn't seem to have any priority for the devs :)

Lies.

Here you go OP:
https://en.bitcoin.it/wiki/BIP_0016_QA


Title: Re: 2 of 2 escrow walkthru
Post by: Gavin Andresen on August 13, 2012, 03:04:09 PM
I would like step-by-step instructions for creating a Bitcoin escrow. Can someone please walk me through an escrow

I wrote up a step-by-step guide for secure two-person cold-storage escrow using the new 'raw transactions' api:
  https://gist.github.com/3161162