Vod (OP)
Legendary
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Activity: 3850
Merit: 3137
Licking my boob since 1970
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December 13, 2012, 03:22:50 AM |
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No, not an escrow per say.
You have an online wallet, same as a regular wallet; payments can be sent to it and it can hold a balance. The wallet has (for simplicities sake) two owners. Once the wallet is "locked" the owner list cannot be changed.
When one member wants to spend coins, he indicates the address, the amount and a memo describing the spend. The other member must click on an "agree" email link in order for the transaction to go through automatically.
It would be a great way for two or more anonymous people to collaborate on a project without needing absolute trust in the person that holds the coins.
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