Title: Managing Secrets with the Bitcoin Blockchain Post by: omarabid on November 23, 2016, 12:51:06 PM I'd like to open a discussion on the following scenario. Please note that these scenarios might be possible with the current OP_CODES but no one figured out how. They might be also possible with new non-proposed yet OP_CODES which will be part of the discussion too.
Here are the possibilities I'm looking for: - Release secret Phrase if payment is made. - Release secret Phrase if no payment is made. - Destroy secret if Payment is made. - Destroy secret if no Payment is made. Please note that these scenarios have Time-Lock abilities. For example, you can destroy a secret if payment is made, or at block height xxx.xxx = What's a secret? It should be a short phrase, hash or an encryption key. The secret should not be available to the public (Encrypted) until one of the first two conditions is satisfied. Anyone thoughts? Title: Re: Managing Secrets with the Bitcoin Blockchain Post by: amaclin on November 23, 2016, 03:33:04 PM - Release secret Phrase if payment is made. a) Should it be released for everyone or just for a person who payed?b) Should it be released with bitcoin/blockchain technology only? Or can the secret be published on web site or sent via sms? Title: Re: Managing Secrets with the Bitcoin Blockchain Post by: ArcCsch on December 02, 2016, 05:26:16 AM This doesn't seem plausible. It is a transparent environment, if something is public, you can't destroy it or not reveal it. If it is not public, the person who has it can refuse to publish it. I don't see how this can work.
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