Why Trust A Stranger With Your Funds? MultiSig MicroTrust Escrow

[GrapeApe]

                                                                                                                               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]

Look good man

[wangxinxi]

                                                                                                                              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]

404 error

Sorry fixed now. I forgot to update the link.

[wangxinxi]

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]

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]

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

[GrapeApe]

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.

[saver]

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.