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Author Topic: Why Trust A Stranger With Your Funds? MultiSig MicroTrust Escrow  (Read 1807 times)
GrapeApe (OP)
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October 15, 2014, 10:15:10 PM
Last edit: October 25, 2014, 02:57:58 PM by GrapeApe
 #1

                                                                                                                               MultiSig MicroTrust Escrow
                                                                                                                                                        (Why Trust A Stranger)

Why trust me? Don't!!! This is about reducing risk maybe you should ask your regular escrow provider to offer multisig escrow it's safer...

MultiSig MicroTrust Escrow/Arbitration

EDIT: I wish I could take credit for this but all I did was host it. OutCast3k wrote the source. I have reached out to him to let him know what I did but have heard nothing. Full Credit goes to him.


When the transaction ends well and the buyer is satisfied, the buyer and the seller can sign a transaction together that releases the payment from the multisig address to the seller.
In case of a dispute, both parties can contact the 3rd party, explain their side of the story and ask him to approve a transaction that releases the payment in the manner they find fair.
The 3rd party can only approve a transaction that is signed by either the buyer or the seller, and cannot control the funds otherwise.

This is all done with the bitcoin-QT client as well.

L3G1T
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October 18, 2014, 08:22:27 PM
 #2

Look good man

Sample websites made for clients:
instagram shoutouts | kik usernames
wangxinxi
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October 25, 2014, 02:51:36 PM
 #3

                                                                                                                              MultiSig MicroTrust Escrow
                                                                                                                                                        (Why Trust A Stranger)

Why trust me? Don't!!! This is about reducing risk maybe you should ask your regular escrow provider to offer multisig escrow it's safer...

MultiSig MicroTrust Escrow/Arbitration

EDIT: I wish I could take credit for this but all I did was host it. OutCast3k wrote the source. I have reached out to him to let him know what I did but have heard nothing. Full Credit goes to him.


When the transaction ends well and the buyer is satisfied, the buyer and the seller can sign a transaction together that releases the payment from the multisig address to the seller.
In case of a dispute, both parties can contact the 3rd party, explain their side of the story and ask him to approve a transaction that releases the payment in the manner they find fair.
The 3rd party can only approve a transaction that is signed by either the buyer or the seller, and cannot control the funds otherwise.

This is all done with the bitcoin-QT client as well.



404 error
GrapeApe (OP)
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October 25, 2014, 02:59:38 PM
 #4



404 error

Sorry fixed now. I forgot to update the link.
wangxinxi
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October 25, 2014, 03:08:30 PM
 #5

I still cannot see https://bitcointaxi.co/multisig.html
The following is the error

Not Found

The requested URL /multisig.html was not found on this server.

Additionally, a 404 Not Found error was encountered while trying to use an ErrorDocument to handle the request.
GrapeApe (OP)
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October 25, 2014, 03:11:11 PM
 #6

That's what had to be updated. It isn’t hosted at bitcointaxi.co any longer. I can't change the link in your post. You can. Just use the link up top or the one in my signature.

EDIT: Here are detailed instructions on how to do this with bitcoin-QT from Gavin Adresen.

https://gist.github.com/gavinandresen/3966071
wangxinxi
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October 25, 2014, 03:17:20 PM
 #7

I see. you need to change your https certificate now.
GrapeApe (OP)
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October 25, 2014, 03:23:29 PM
 #8

I see. you need to change your https certificate now.

Yep I knew that was coming next. You'll have to talk to OutCast3k about that. It's his self signed certificate and his website.
I have one from GoDaddy and was hosting this myself using his api  but his api isn't working for me any longer so I had to point it back to him.

If you have any web dev skills maybe you could help me with my own api? I would offer some kind of bounty.
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October 29, 2014, 03:49:56 AM
 #9

thank you for your sharing, but i think the third party is ok for me.
I always check their credit before making a deal with others.
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