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Author Topic: Guidance and thoughts for a SECURE automatic wallet system  (Read 395 times)
blueskighs (OP)
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March 14, 2014, 12:48:09 AM
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Hello. Thanks for taking the time to read this. I'm sorry in advance because I'm not technical savvy. I'm looking to have developed an automated system. Basically, I will have one main wallet. Lets call the main wallet, Main Wallet.
This main wallet will be accepting payments from other wallets. So lets say Wallet 1 sends Main Wallet 1btc. I will need Main Wallet to 'store'  the the address of Wallet 1. A short time later, Wallet 2 sends Main Wallet 1btc. Main Wallet then automatically sends a % of btc to  Wallet 1.
Wallet 3 sends Main Wallet 3btc and Main Wallet automatically sends Wallet 1 x% then Wallet 2 y%. And so on.

So the basics are to accept payments from ONE bitcoin address. Store the addreses that sent the payments. Perform a calculation to determine the % each address will recieve in the future. Autmatically pay those addresses that have made previous payments to Main Wallet.

What is the best solution for this situation? I'd prefer to gather directly from the blockchain itself, rather than rely on a thrird party API.

Where do I go for help? Is there a program like this already? Who should I have develop it? What questions should I ask? Is this even posible? What would make this not work? What security issues do I need to look out for?

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The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
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9inety7even
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March 14, 2014, 01:05:17 AM
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So you want to run a ponzi scheme?

blueskighs (OP)
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March 14, 2014, 01:48:25 AM
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So you want to run a ponzi scheme?
No. lol
Why? Do you know of a program that will help?
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