OK, for those from XC who never seen a real XC multisig address, let me show you what it is, and you can tell me if there are any exist today on the blockchain All the one posted in the above links by synechist are regular XC addresses, they are not multisig addresses, why? because XC's multisig address starts with 4, not X. I downloaded XC wallet, and from there in console, I created 2 multisig addresses. I used these 3 private-public key pairs: public key: 033942099d7fb91a51b0e2899040c36cf5337002f43b2e80ec3afe3c81cbb5a3db private key: X35fMeU3c159SX4tWVnA7ZW7DxTyw7BCqEmt92Nw5N87kezytJSZ public key: 02733ae45bf1d7fc5b24dcdbf54c0dd2b106a39233e65cdb47fd0fd925734f4b83 private key: X7oy79myB5WmKXAjey6oZPfo12BHmwRfD9k4rmL2oYUMdjff48NU public key: 02307e5d3924fa8d95093ed61bfa4ecb4bf108196013ee1de466589bcf3fb212b8 private key: X2z4smxErHnkVBZnWzfPMDMNdMvD3mAnB7w7YD1BFeppf3iqUyWJ these pairs are derived from the addresses I have. From there I created 2 addresses: 2-of-3 multisig address and 3-of-3 multisig address (though this one is of no use - just to show): 2-of-3 multisig address: 4ShqMQFoQFLBzhXDs3aJJMnDNLZ9JTrxKH 3-of-3 multisig address: 4XCmiwfQCm6gQNrW6kaXZJawLPekQGQf5o BTW, you can make some deposits to 2-of-3 multisig address, and I can show you how to spend it. I can do a tutorial for you guys who have no ideas on what is a multisig address. wow, thanks some138 to show us what are the real multisig addresses in XC. From what XC's dev's post, and the "multisig" tx and address they provided in the above links, I can say that they did not understand what is a multisig, they mixed multi input/out tx with multisig? Anyway, they did not seem to implement the multisig at all. Looks like they've been cheating all the way along (consciously or unconsciously).Multisig addresses usually start with a different letter than their regular address. For example, Bitcoin's regular address starts with "1", its multisig address starts with "3". Supercoin's regular address starts with "S", its multisig address starts with "C". Mammothcoin's regular address starts with "M", its multisig address starts with "b". etc. For XC, its regular address starts with X and multisig address starts with "4". Everyone can create a multisig address using XC client and verify yourself.
|
|
|
OK, for those from XC who never seen a real XC multisig address, let me show you what it is, and you can tell me if there are any exist today on the blockchain All the one posted in the above links by synechist are regular XC addresses, they are not multisig addresses, why? because XC's multisig address starts with 4, not X. I downloaded XC wallet, and from there in console, I created 2 multisig addresses. I used these 3 private-public key pairs: public key: 033942099d7fb91a51b0e2899040c36cf5337002f43b2e80ec3afe3c81cbb5a3db private key: X35fMeU3c159SX4tWVnA7ZW7DxTyw7BCqEmt92Nw5N87kezytJSZ public key: 02733ae45bf1d7fc5b24dcdbf54c0dd2b106a39233e65cdb47fd0fd925734f4b83 private key: X7oy79myB5WmKXAjey6oZPfo12BHmwRfD9k4rmL2oYUMdjff48NU public key: 02307e5d3924fa8d95093ed61bfa4ecb4bf108196013ee1de466589bcf3fb212b8 private key: X2z4smxErHnkVBZnWzfPMDMNdMvD3mAnB7w7YD1BFeppf3iqUyWJ these pairs are derived from the addresses I have. From there I created 2 addresses: 2-of-3 multisig address and 3-of-3 multisig address (though this one is of no use - just to show): 2-of-3 multisig address: 4ShqMQFoQFLBzhXDs3aJJMnDNLZ9JTrxKH 3-of-3 multisig address: 4XCmiwfQCm6gQNrW6kaXZJawLPekQGQf5o BTW, you can make some deposits to 2-of-3 multisig address, and I can show you how to spend it. I can do a tutorial for you guys who have no ideas on what is a multisig address.
|
|
|
Can anyone show me XC's multisig addresses and their associated transactions? Would these satisfy your curiosity? - http://chainz.cryptoid.info/xc/block.dws?62014.htm- http://chainz.cryptoid.info/xc/tx.dws?229177.htmYou're an arse for fudding instead of just downloading the wallet and trying out Privacy Mode. m-of-m multisig? Are you drunk? What fun will you have to have m-of-m multisig?? If one guy is bad then you want the wallet is locked forever? So, your reasoning process: - timerland doesn't understand the point of m-of-m multisig. - timerland doesn't bother to ask people from XC what m-of-m is used for. - timerland simply concludes, with the foolhardiness of a drunk pullet, that the truth is not that he lacks understanding but that XC is a scam. You're not very civil are you? Just come and ask us questions next time instead of creating a fruitless and irritating FUD thread. If you have further questions, you're welcome to ask, nicely. these? - http://chainz.cryptoid.info/xc/block.dws?62014.htm- http://chainz.cryptoid.info/xc/tx.dws?229177.htmyou made me laugh, where are multisig addresses?? these are all regular XC addresses. Do you want me to create a XC multi-address for you? Do you know how multisig address look like? You try to cheat an expert here? Tell me, how you create a multisig address? Also do you know how multisig address is used? what do you do with a m-of-m address? if there's a cheater being o1 of m, then what can you do anything with the address? your fund will be locked forever on that address! You can not do a thing, because you can't get the cheater to sign any transaction for you. Multisig is used mostly for m-of-n, where m < n for evident reasons. You keep talking m-of-m, meaning you understand nothing about multisig. Don't pretent an expert here. Many people in this thread understand what they talk, you can't fool people here.
|
|
|
Can anyone show me XC's multisig addresses and their associated transactions? Would these satisfy your curiosity? - http://chainz.cryptoid.info/xc/block.dws?62014.htm- http://chainz.cryptoid.info/xc/tx.dws?229177.htmYou're an arse for fudding instead of just downloading the wallet and trying out Privacy Mode. m-of-m multisig? Are you drunk? What fun will you have to have m-of-m multisig?? If one guy is bad then you want the wallet is locked forever? So, your reasoning process: - timerland doesn't understand the point of m-of-m multisig. - timerland doesn't bother to ask people from XC what m-of-m is used for. - timerland simply concludes, with the foolhardiness of a drunk pullet, that the truth is not that he lacks understanding but that XC is a scam. You're not very civil are you? Just come and ask us questions next time instead of creating a fruitless and irritating FUD thread. If you have further questions, you're welcome to ask, nicely.
|
|
|
Just so everyone knows, ATCsecure is releasing a whitepaper this weekend to explain The Tech! That will clarify all questions
a whitepaper does not solve much, I asked a very very simple question (nothing is simpler if they already implemented it): - Can you please point to me some XC's multisig addresses and their transactions, so I can verify independently if the multisig is indeed implemented as you claimed. If I want an example from Mammthcoin, I can get it in less than 30 sec in their thread. Can anyone do me a favor and provide me the info I want? Again nothing is simpler, if it is there already
|
|
|
OK, since there are too many fuds on the old thread, I decided to close it and open a self-mod one. === XC, a hot alt coin, claims that it is a trustless system and uses multisig technology to do it. See below But I am puzzled by the fact that despite they talk like this, I don't see a single multisig address in XC nor do I see any multisig tx. As we all know, these are the central parts, if we do use this technology, we will see a lot talk about it, like in whitepaper, in thread discussions, the multisig addresses and tx are shown in the blockchain explorer etc (look at Superoicn/MammothCoin's threads, there are plenty talk on that. I can find quickly 10 multisig addresses and associated with transactions, they are currently doing alpha tests in mammothcoin network, so all the multisig addresses are for Mammothcoin, soon I expect to see for supercoinsm which is scheduled for beta tests). Can anyone show me XC's multisig addresses and their associated transactions? This should be an easy thing to do. But since I don't see any, I doubt if the multisig is really implemented in XC. It looks more like a scam to me. Also, when I search the XC thread, I see this from someone (likely a dev of XC): m-of-m multisig? Are you drunk? What fun will you have to have m-of-m multisig?? If one guy is bad then you want the wallet is locked forever? Do you guys understand what is a multisig address and how to use it? It looks like this is a scam. Otherwise please show me some good examples you use in XC. BTW, for Mammothcoin, they are testing for multisig trustless systems now, you see plenty multisig addresses and transactions there, you can even join the tests I think. There are some recordings in Mammothcoin/Supercoin's thread, for example: http://screencast-o-matic.com/watch/c2j2IinsMOand this is one of many multisig address with some transactions associated with it (there are plenty similar ones): http://chainz.cryptoid.info/mamm/address.dws?bTz39geL1BR5UUdAciB8oh1F33eW1FXFcW.htmAlso they explained very clearly the concept and detailed workflow they use for the multisig trustless system: https://bitcointalk.org/index.php?topic=736705.msg8324932#msg8324932Can you show me similar details in XC? If it is really there EDIT: The answer seems no, the XC dev provided two links with only regular XC addresses. People in the forum created examples of the XC multisig addresses for them See below:
OK, for those from XC who never seen a real XC multisig address, let me show you what it is, and you can tell me if there are any exist today on the blockchain All the one posted in the above links by synechist are regular XC addresses, they are not multisig addresses, why? because XC's multisig address starts with 4, not X. I downloaded XC wallet, and from there in console, I created 2 multisig addresses. I used these 3 private-public key pairs: public key: 033942099d7fb91a51b0e2899040c36cf5337002f43b2e80ec3afe3c81cbb5a3db private key: X35fMeU3c159SX4tWVnA7ZW7DxTyw7BCqEmt92Nw5N87kezytJSZ public key: 02733ae45bf1d7fc5b24dcdbf54c0dd2b106a39233e65cdb47fd0fd925734f4b83 private key: X7oy79myB5WmKXAjey6oZPfo12BHmwRfD9k4rmL2oYUMdjff48NU public key: 02307e5d3924fa8d95093ed61bfa4ecb4bf108196013ee1de466589bcf3fb212b8 private key: X2z4smxErHnkVBZnWzfPMDMNdMvD3mAnB7w7YD1BFeppf3iqUyWJ these pairs are derived from the addresses I have. From there I created 2 addresses: 2-of-3 multisig address and 3-of-3 multisig address (though this one is of no use - just to show): 2-of-3 multisig address: 4ShqMQFoQFLBzhXDs3aJJMnDNLZ9JTrxKH 3-of-3 multisig address: 4XCmiwfQCm6gQNrW6kaXZJawLPekQGQf5o BTW, you can make some deposits to 2-of-3 multisig address, and I can show you how to spend it. I can do a tutorial for you guys who have no ideas on what is a multisig address. wow, thanks some138 to show us what are the real multisig addresses in XC. From what XC's dev's post, and the "multisig" tx and address they provided in the above links, I can say that they did not understand what is a multisig, they mixed multi input/out tx with multisig? Anyway, they did not seem to implement the multisig at all. Looks like they've been cheating all the way along (consciously or unconsciously).Multisig addresses usually start with a different letter than their regular address. For example, Bitcoin's regular address starts with "1", its multisig address starts with "3". Supercoin's regular address starts with "S", its multisig address starts with "C". Mammothcoin's regular address starts with "M", its multisig address starts with "b". etc. For XC, its regular address starts with X and multisig address starts with "4". Everyone can create a multisig address using XC client and verify yourself. I will re-post some key posts from last thread here. Also let me post the simple question here (will take 30 sec if you go to Mammothcoin or Supercoin for the same question): provide us an XC multisig address that has tx associated with it, in the blockchain, so we can inspect and see what is there. This can prove you actually have the capability of multisig.EDIT: now XC acknowledged that they don't use multisig, this has been our doubts all the way along, now confirmed by them.https://bitcointalk.org/index.php?topic=742025.msg8386164#msg8386164https://bitcointalk.org/index.php?topic=742025.msg8386069#msg8386069
|
|
|
If more fuds on this thread, I will close it and open a self-mod one. I am looking for simple facts, nothing is complicated at all.
|
|
|
Now please show me in your **blockchain** a multisig address with transactions associated with it, so people can see how it worked. You don't create a multisig address for fun, you use it for some transactions.
Why can't you do it yourself? I see no reason why you need someone else to show you a multisig address with transactions associated with it when you can accomplish this on your own. Because no one can find it, if it is really there, then 30 sec, worth all these posts? I am sure it took you more than 30 sec to do you post. The simple fact is: THEY CAN NOT PROVIDE THE SIMPLE INFO, Because it is not there!
|
|
|
FUDs do not help here, simple questions, and simple answers. Very clear facts.
|
|
|
For those who are still "confused", let me repeat again:
XC claimed to have implemented multisig. If this is true, then it is trivial to provide some multisig addresses with multisig tx associated with them, that we can see and inspect in the blockchain.
Saying implemented multisig but unable to provide even one multisig address? That dev provided some links deemed to be multisig transactions, but we don't even see one single multisig address there. He keep talking m-of-m (a joke for those who know what is multisig for), and provided regular addresses as multisig addresses, do you think he knows anything about multisig?
Some community members just show what a true XC multisig address look like. Now if you continue claim XC has it, show everyone the address and tx in the blockchain. Nothing is simpler, and let's not waste our (and everyone's) time by arguing. There's nothing to argue here, just show the facts! Experts know what you are talking about.
And like stated before: Why do you want us to provide this information? You can do it all yourself it seems.. Instead of coming to our Community and build some trust to get us explaining you things you make a thread with stupid claims that don't hold any grounds. Is it worth arguing like this? If you have it, it will take you 30 sec to provide the info. Want a mammothcoin multisig address with transactions associated with it, and inspect from blockchain explorer? I can provide that to you in 30 sec. If you do not have it and can not provide it, don't waste time here. You don't fool people here.I see arguments over arguments, XC supporters, don't waste time please. As people said, it takes 30sec to provide a multisig address and tx. There are 100s in the Mammothcoin blockchain, I can give you one in 30 sec. Why not show yours? With so many posts and I don't see a single one? Anyone with IQ > 80 can conclude correctly what it means. DO NOT WASTE TIME
|
|
|
For those who are still "confused", let me repeat again:
XC claimed to have implemented multisig. If this is true, then it is trivial to provide some multisig addresses with multisig tx associated with them, that we can see and inspect in the blockchain.
Saying implemented multisig but unable to provide even one multisig address? That dev provided some links deemed to be multisig transactions, but we don't even see one single multisig address there. He keep talking m-of-m (a joke for those who know what is multisig for), and provided regular addresses as multisig addresses, do you think he knows anything about multisig?
A community member just showed what a true XC multisig address look like. Now if you continue claim XC has it, show everyone a multisig address and tx in the blockchain. Nothing is simpler, and let's not waste our (and everyone's) time by arguing. There's nothing to argue here, just show the facts! Experts know what you are talking about.
|
|
|
OK, for those from XC who never seen a real XC multisig address, let me show you what it is, and you can tell me if there are any exist today on the blockchain All the one posted in the above links by synechist are regular XC addresses, they are not multisig addresses, why? because XC's multisig address starts with 4, not X. I downloaded XC wallet, and from there in console, I created 2 multisig addresses. I used these 3 private-public key pairs: public key: 033942099d7fb91a51b0e2899040c36cf5337002f43b2e80ec3afe3c81cbb5a3db private key: X35fMeU3c159SX4tWVnA7ZW7DxTyw7BCqEmt92Nw5N87kezytJSZ public key: 02733ae45bf1d7fc5b24dcdbf54c0dd2b106a39233e65cdb47fd0fd925734f4b83 private key: X7oy79myB5WmKXAjey6oZPfo12BHmwRfD9k4rmL2oYUMdjff48NU public key: 02307e5d3924fa8d95093ed61bfa4ecb4bf108196013ee1de466589bcf3fb212b8 private key: X2z4smxErHnkVBZnWzfPMDMNdMvD3mAnB7w7YD1BFeppf3iqUyWJ these pairs are derived from the addresses I have. From there I created 2 addresses: 2-of-3 multisig address and 3-of-3 multisig address (though this one is of no use - just to show): 2-of-3 multisig address: 4ShqMQFoQFLBzhXDs3aJJMnDNLZ9JTrxKH 3-of-3 multisig address: 4XCmiwfQCm6gQNrW6kaXZJawLPekQGQf5o BTW, you can make some deposits to 2-of-3 multisig address, and I can show you how to spend it. I can do a tutorial for you guys who have no ideas on what is a multisig address. thank you some138 for showing the truth and facts, I was going to create a multisig address to show them too.
|
|
|
Can anyone show me XC's multisig addresses and their associated transactions? Would these satisfy your curiosity? - http://chainz.cryptoid.info/xc/block.dws?62014.htm- http://chainz.cryptoid.info/xc/tx.dws?229177.htmYou're an arse for fudding instead of just downloading the wallet and trying out Privacy Mode. m-of-m multisig? Are you drunk? What fun will you have to have m-of-m multisig?? If one guy is bad then you want the wallet is locked forever? So, your reasoning process: - timerland doesn't understand the point of m-of-m multisig. - timerland doesn't bother to ask people from XC what m-of-m is used for. - timerland simply concludes, with the foolhardiness of a drunk pullet, that the truth is not that he lacks understanding but that XC is a scam. You're not very civil are you? Just come and ask us questions next time instead of creating a fruitless and irritating FUD thread. If you have further questions, you're welcome to ask, nicely. these? - http://chainz.cryptoid.info/xc/block.dws?62014.htm- http://chainz.cryptoid.info/xc/tx.dws?229177.htmyou made me laugh, where are multisig addresses?? these are all regular XC addresses. Do you want me to create a XC multi-address for you? Do you know how multisig address look like? You try to cheat an expert here? Tell me, how you create a multisig address? Also do you know how multisig address is used? what do you do with a m-of-m address? if there's a cheater being o1 of m, then what can you do anything with the address? your fund will be locked forever on that address! You can not do a thing, because you can't get the cheater to sign any transaction for you. Multisig is used mostly for m-of-n, where m < n for evident reasons. You keep talking m-of-m, meaning you understand nothing about multisig. Don't pretent an expert here. Many people in this thread understand what they talk, you can't fool people here.
|
|
|
that's exactly the questions I asked in their thread, glad you posted a thread to discuss it. thanks.
I have this question myself for some time, I saw your message in their thread. It's better have a separate thread to discuss it. I would suggest you look at XC's Dev, Dan Metcalf's resume, and see that he is quite capable of what he says. Also, you will have a nice shot at a very nice bounty very soon with the 3.0 release and a look at the whitepaper coming out soon. Resume does not mean anything, do you know satoshi's resume? People put all bullshits in their resumes. If the XC truly supports multisig, just show a multisig address as greenclover asked. Very simple. If you ask me whether Mammothcoin / supercoin's supersend really support multisig or not, I can show you their multisig address/tx in 10 secs, very easy. So don't talk garbage here, show the facts.
|
|
|
Just so everyone knows, ATCsecure is releasing a whitepaper this weekend to explain The Tech! That will clarify all questions
a whitepaper does not solve much, I asked a very very simple question (nothing is simpler if they already implemented it): - Can you please point to me some XC's multisig addresses and their transactions, so I can verify independently if the multisig is indeed implemented as you claimed. If I want an example from Mammthcoin, I can get it in less than 30 sec in their thread. Can anyone do me a favor and provide me the info I want? Again nothing is simpler, if it is there alreadyWhy you need us to provide this Intel? Also asking in such a negative way is not helping in getting support from XC community No need to waste time, just provide info. Fact is fact, you can write 1000 pages, still equal ZERO, show your facts!
|
|
|
that's exactly the questions I asked in their thread, glad you posted a thread to discuss it. thanks.
I have this question myself for some time, I saw your message in their thread. It's better have a separate thread to discuss it.
|
|
|
XC, a hot alt coin, claims that it is a trustless system and uses multisig technology to do it. See below But I am puzzled by the fact that despite they talk like this, I don't see a single multisig address in XC nor do I see any multisig tx. As we all know, these are the central parts, if we do use this technology, we will see a lot talk about it, like in whitepaper, in thread discussions, the multisig addresses and tx are shown in the blockchain explorer etc (look at Superoicn/MammothCoin's threads, there are plenty talk on that. I can find quickly 10 multisig addresses and associated with transactions, they are currently doing alpha tests in mammothcoin network, so all the multisig addresses are for Mammothcoin, soon I expect to see for supercoinsm which is scheduled for beta tests). Can anyone show me XC's multisig addresses and their associated transactions? This should be an easy thing to do. But since I don't see any, I doubt if the multisig is really implemented in XC. It looks more like a scam to me. Also, when I search the XC thread, I see this from someone (likely a dev of XC): m-of-m multisig? Are you drunk? What fun will you have to have m-of-m multisig?? If one guy is bad then you want the wallet is locked forever? Do you guys understand what is a multisig address and how to use it? It looks like this is a scam. Otherwise please show me some good examples you use in XC. BTW, for Mammothcoin, they are testing for multisig trustless systems now, you see plenty multisig addresses and transactions there, you can even join the tests I think. There are some recordings in Mammothcoin/Supercoin's thread, for example: http://screencast-o-matic.com/watch/c2j2IinsMOand this is one of many multisig address with some transactions associated with it (there are plenty similar ones): http://chainz.cryptoid.info/mamm/address.dws?bTz39geL1BR5UUdAciB8oh1F33eW1FXFcW.htmAlso they explained very clearly the concept and detailed workflow they use for the multisig trustless system: https://bitcointalk.org/index.php?topic=736705.msg8324932#msg8324932Can you show me similar details in XC? If it is really there EDIT: The answer seems no, the XC dev provided two links with only regular XC addresses. People in the forum created examples of the XC multisig addresses for them See below:
OK, for those from XC who never seen a real XC multisig address, let me show you what it is, and you can tell me if there are any exist today on the blockchain All the one posted in the above links by synechist are regular XC addresses, they are not multisig addresses, why? because XC's multisig address starts with 4, not X. I downloaded XC wallet, and from there in console, I created 2 multisig addresses. I used these 3 private-public key pairs: public key: 033942099d7fb91a51b0e2899040c36cf5337002f43b2e80ec3afe3c81cbb5a3db private key: X35fMeU3c159SX4tWVnA7ZW7DxTyw7BCqEmt92Nw5N87kezytJSZ public key: 02733ae45bf1d7fc5b24dcdbf54c0dd2b106a39233e65cdb47fd0fd925734f4b83 private key: X7oy79myB5WmKXAjey6oZPfo12BHmwRfD9k4rmL2oYUMdjff48NU public key: 02307e5d3924fa8d95093ed61bfa4ecb4bf108196013ee1de466589bcf3fb212b8 private key: X2z4smxErHnkVBZnWzfPMDMNdMvD3mAnB7w7YD1BFeppf3iqUyWJ these pairs are derived from the addresses I have. From there I created 2 addresses: 2-of-3 multisig address and 3-of-3 multisig address (though this one is of no use - just to show): 2-of-3 multisig address: 4ShqMQFoQFLBzhXDs3aJJMnDNLZ9JTrxKH 3-of-3 multisig address: 4XCmiwfQCm6gQNrW6kaXZJawLPekQGQf5o BTW, you can make some deposits to 2-of-3 multisig address, and I can show you how to spend it. I can do a tutorial for you guys who have no ideas on what is a multisig address. wow, thanks some138 to show us what are the real multisig addresses in XC. From what XC's dev's post, and the "multisig" tx and address they provided in the above links, I can say that they did not understand what is a multisig, they mixed multi input/out tx with multisig? Anyway, they did not seem to implement the multisig at all. Looks like they've been cheating all the way along (consciously or unconsciously).Multisig addresses usually start with a different letter than their regular address. For example, Bitcoin's regular address starts with "1", its multisig address starts with "3". Supercoin's regular address starts with "S", its multisig address starts with "C". Mammothcoin's regular address starts with "M", its multisig address starts with "b". etc. For XC, its regular address starts with X and multisig address starts with "4". Everyone can create a multisig address using XC client and verify yourself.
|
|
|
This algorithm will prevent cheating if one of the 3 nodes is bad, or no-2 nodes are in coordinated cheating.
If two out of 3 nodes are from the same cheater or same cheating organization, then you can't do anything with p2p decentralized trustless system. Use a centralized trust system instead.
Of course you can. Your consensus system can be designed around consensus, this is the very nature of Bitcoin - if 2 nodes cheat on the Bitcoin network, they get rejected as outliers. You've literally described a system that requires you to trust that there's not collusion between 2 parties, that is not a trustless system, which is a twist of irony given that you called that other piece of junk out as not being trustless. There is no Byzantine fault tolerance with this system, which is the very problem Bitcoin solves. You're trying to solve this problem: http://en.wikipedia.org/wiki/Two_Generals'_Problem - but the described system does not do so. We are talking two complete different things. The 2 nodes cheat in bitcoin will get rejected, is because 2 as compared to 100000 of the network. It is not the 2 in the sense of a transaction involving 3 parties. You completely messed up the concepts. The trustless system here, is to ensure the randomly selected parties will collaborate, and avoid cheating. The mini-escrow scheme by multisig tx accomplished perfectly this. The system does not require any inherent trusts there. BTW, this has nothing to do at all with the two-generals' problem. All communications here are point-2-point and signed with each party's private key. The message is verified with sender's public key on arriving. So there's no message-tampering issue at all. Yes this is right. The trustless system we talk here has nothing to do with two-generals problem. Communications have no problem, the problem is that how to prevent any node from doing bad things (i.e. steal coins).
|
|
|
will be interesting to look at detailed algo
|
|
|
|