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Revokable Escrow Bitcoin Trade?
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Topic: Revokable Escrow Bitcoin Trade? (Read 3852 times)
Sage
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Revokable Escrow Bitcoin Trade?
October 21, 2012, 08:55:44 AM
#1
I remember hearing a badly recorded audio that suggested there was a way to do a trade with Bitcoins that could be revoked.
Kinda like a escrow deal.
Anyone heard of this? Or how it's done?
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gweedo
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Re: Revokable Escrow Bitcoin Trade?
October 21, 2012, 06:26:15 PM
#2
You mean mutli-sig?
Meni Rosenfeld
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Re: Revokable Escrow Bitcoin Trade?
October 21, 2012, 07:03:56 PM
#3
This was discussed for example
here
. The main two variants are to have the coins burned in case of disagreement, or to have a 2-of-3 transaction with an arbiter that decides in this case.
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Mike Hearn
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Re: Revokable Escrow Bitcoin Trade?
October 21, 2012, 09:29:30 PM
#4
Are you thinking of this talk?
http://www.youtube.com/watch?v=mD4L7xDNCmA
Sage
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Re: Revokable Escrow Bitcoin Trade?
October 23, 2012, 03:25:24 PM
#5
Quote from: gweedo on October 21, 2012, 06:26:15 PM
You mean mutli-sig?
Never heard of this? Where can I learn more?
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Re: Revokable Escrow Bitcoin Trade?
October 23, 2012, 03:27:02 PM
#6
Quote from: Meni Rosenfeld on October 21, 2012, 07:03:56 PM
The main two variants are to have the coins burned in case of disagreement.
Burned as in, the coins are not spendable ever? Seems like this would be lose/lose for everybody??
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Re: Revokable Escrow Bitcoin Trade?
October 23, 2012, 03:39:42 PM
#7
Quote from: Sage on October 23, 2012, 03:25:24 PM
Quote from: gweedo on October 21, 2012, 06:26:15 PM
You mean mutli-sig?
Never heard of this? Where can I learn more?
See
http://bitcoin.stackexchange.com/questions/3718/what-are-multi-signature-transactions
.
Quote from: Sage on October 23, 2012, 03:27:02 PM
Quote from: Meni Rosenfeld on October 21, 2012, 07:03:56 PM
The main two variants are to have the coins burned in case of disagreement.
Burned as in, the coins are not spendable ever? Seems like this would be lose/lose for everybody??
Either that or sent to a charity agreed upon in advance. Yes, it's lose/lose but the fact that each party can credibly threaten to execute it means neither will try to defraud the other, thus it will not be actually manifested. Sort of a small-scale
MAD
.
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