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Title: multisig question Post by: goddog on May 31, 2018, 10:24:20 PM Hi all, it is possible to do something like 501-of-1000 multisig?
do you have some suggestion to do something like this? EDIT: Just found, I'm looking for Schnorr . Sadly I hope I have to wait a little to see it implemented in bitcoin. Title: Re: multisig question Post by: Rath_ on May 31, 2018, 10:30:39 PM No, it is not possible. You can select up to 15 cosigners and any number of required signatures (<=15). Even if it was possible, it would be extremely expensive to send a transaction.
Source: https://bitcoin.stackexchange.com/questions/23893/what-are-the-limits-of-m-and-n-in-m-of-n-multisig-addresses Title: Re: multisig question Post by: HCP on June 01, 2018, 12:55:04 AM 501 out of 1000??!? :o :o :o
Even if it were possible (unlimited script size), the transaction size would be so bloated that the cost for sending would be quite considerable! Out of curiosity, what is the intended use case for something like that? ??? Title: Re: multisig question Post by: goddog on June 01, 2018, 01:38:53 AM Out of curiosity, what is the intended use case for something like that? ??? a truly decentralized investment fund without centralized bs. It was mostly a learning/proof of concept project to have something to talk with my friends :-D the abstract was something like this usign vanitygen as pow to recognize partecipants wannabe. every partecipant fund his address with amount he would like to invest to understand money wannabe, generate a multisig address using all non zero balance addresses, signing a timelocked transaction tu return funds if no consensus can be reached after n blocks each partecipant deposit to multisig use some kind of decentralized forum to talk about investments opportunities and share tx to be signed 50%+1 signed transaction will be broadcasted and investment begin. it was most a proof of concept than a real project as there are a lot of flaw in this . |