Today I had a quick experiment with multisig on the testnet, a 'hello world' of sorts, and have some questions.
Assumed knowledge is from this thread about multisig.https://bitcointalk.org/index.php?topic=82213.0
I have two machines running bitcoind. The address I use from each of them is as below
address - n4n3p9eU2VsmjL7E2v2sYJUFEDybQ9KWJu
public key - 02b1ebcdbac723f7444fdfb8e83b13bd14fe679c59673a519df6a1038c07b719c6
address - mzdVDLcMRBzLBjhRzNNWcq9C8xSgdmEPe3
public key - 036e69a3e7c303935403d5b96c47b7c4fa8a80ca569735284a91d930f0f49afa86
I used these to create a multisig address:
bitcoind addmultisigaddress 1 '["036e69a3e7c303935403d5b96c47b7c4fa8a80ca569735284a91d930f0f49afa86", "02b1ebcdbac723f7444fdfb8e83b13bd14fe679c59673a519df6a1038c07b719c6"]'
This produces the address 2N5vbPQB7pMqyVa8JRcpZdCQLQCwDZCMyfo
The address validates.
My understanding of multisig as it stands is that you can send to a multisig address, but you can't spend from it (see first link in post). Does this mean that funds received at 2N5vbPQB:- cannot be spent at all
I sent 0.002 BTC to the address to see if it would receive, and thus so I could try to spend them using multisig, and so far (an hour after the send) it has not received the coins even for zero confirmations.
bitcoind getreceivedbyaddress 2N5vbPQB7pMqyVa8JRcpZdCQLQCwDZCMyfo 0
The blockexplorer link to the transaction in question is http://blockexplorer.com/testnet/tx/16e7756fb3ba1994d1f88043b3af0cd0d24e4eb6fb905a377b153668d3f7a043
Am I right in expecting that the address should have 0.002 coins in it?
Where can I find more information about how to spend these coins and when/how they will be spendable; or if I am wrong about this, an explanation to fill in my knowledge gap?
How am I able to better track / analyse this scenario beyond the commands and websites I have already stated?
Is there an estimate for when multisig will be usable? Is it already usable? If it's already usable, can someone point me to the info I require to be able to use it?