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Author Topic: 2 of 2 escrow walkthru  (Read 1301 times)
cbeast (OP)
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August 12, 2012, 07:36:28 PM
 #1

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

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
Mike Hearn
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August 12, 2012, 08:44:35 PM
 #2

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.
kwukduck
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August 12, 2012, 09:40:26 PM
 #3

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 Smiley

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notme
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August 12, 2012, 09:59:59 PM
 #4

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 Smiley

Lies.

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

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
Gavin Andresen
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August 13, 2012, 03:04:09 PM
 #5

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

How often do you get the chance to work on a potentially world-changing project?
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