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ANTIcentralized

full member

Activity: 210

Merit: 100

Quote from: LeMiner on October 29, 2014, 03:39:14 PM

=====PUBLICKEY-14nRMbgLnY74=====================================
AQAAAPm+tNlBBEZfVpPoQkhdNg2uUZ0LfQfIrGWCmodArvl/p9nMStWvUbtdIL2G
kAorUz+1m9RQo1Ddsk6eX+Nfov2zfyZQtOomamVyZmVsaXggYW5kIExlTWluZXIn
cyBtdWx0aXNpZyBhZHJlc3MAAAA=
================================================================

Here's my public key, you have to import it. Then send me the lockbox so I can import it. Don't forget to fund it

. From there on the funds can ONLY be spend if we both sign the transaction.

If you are using a two of two escrow then one party can easily hold the entire amount as hostage so one party could get the other one to agree to sign a TX that sends some of the bitcoin in escrow back to the person who should not receive the bitcoin

scarsbergholden

hero member

Activity: 686

Merit: 500

Quote from: yayayo on October 29, 2014, 10:01:17 AM

Why 200,000 Bits? How much is that in Bitcoin? 0.2?

I don't understand why people keep thinking that using Bits is any more convenient than just using Bitcoin and Satoshi.

The unit "Bits" is not an useful innovation and therefore this transaction will not become famous in any way.

ya.ya.yo!

Some people want to try to get different unit of measurements to be used when describing amounts of bitcoin. I really do not see any problem with simply describing amounts in terms of bitcoin as .01 bitcoin is ~$3.5 and I don't see any real need to get very much more specific then this (you could always go one or two more decimal places if you needed to).

I think he probably got the idea from the lazo pizza trade and wants to replicate it

Eotnak

member

Activity: 117

Merit: 10

I clicked because I wanted to know what 200,000 bits equals in Bitcoin. But then I realized I don't care.

Seriously though, nice exercise, and I'm glad it's going through.

LeMiner

member

Activity: 139

Merit: 10

=====PUBLICKEY-14nRMbgLnY74=====================================
AQAAAPm+tNlBBEZfVpPoQkhdNg2uUZ0LfQfIrGWCmodArvl/p9nMStWvUbtdIL2G
kAorUz+1m9RQo1Ddsk6eX+Nfov2zfyZQtOomamVyZmVsaXggYW5kIExlTWluZXIn
cyBtdWx0aXNpZyBhZHJlc3MAAAA=
================================================================

Here's my public key, you have to import it. Then send me the lockbox so I can import it. Don't forget to fund it

. From there on the funds can ONLY be spend if we both sign the transaction.

LeMiner

member

Activity: 139

Merit: 10

Quote from: ?? on ??

Quote from: yayayo on October 29, 2014, 10:01:17 AM

this transaction will not become famous in any way.

I am less concerned about creating a "famous" transaction, and more interested in getting this specific job done.
I also am interested in trying something new, and pushing the boundaries of the upcoming peer-to-peer decentralized economy that Blockchain technologies will bring on.

Religious wars aside, the amount I am proposing translates to about $68.

And if someone in San Francisco wants to help, but that's too cheap to make it worth their while, tell me that!

I'll be home in a few hours and then I'll post one of my public keys here :-).

yayayo

legendary

Activity: 1806

Merit: 1024

Why 200,000 Bits? How much is that in Bitcoin? 0.2?

I don't understand why people keep thinking that using Bits is any more convenient than just using Bitcoin and Satoshi.

The unit "Bits" is not an useful innovation and therefore this transaction will not become famous in any way.

ya.ya.yo!

LeMiner

member

Activity: 139

Merit: 10

If you get armory working I have no problem at all being the multisig intermediary for this transaction, do you know how it works? If you need an explanation let me know. It's rather simple.

edit on how the multisig transaction would work:

Create multi-sig lockbox

======================================================
Enter your public key
=====>> fund lockbox ===>> I import your lockbox
Enter my public key
======================================================

Now we can only spend the funds if we BOTH sign the transactions.

It is explained in more detail here: https://bitcoinarmory.com/about/using-lockboxes/

edit: The worst I could do "scam-wise" would be not to sign the proposed transaction and leave the funds stuck in the multisig address forever, which would do absolutely nothing for me...

Eisenhower34

legendary

Activity: 906

Merit: 1002

There is really no reason to need a multi-sig escrow, as this is generally complicated for most people. If you use "normal" escrow you will be sufficiently protected.

Also the original lazo deal did not use escrow (although this would really not be possible today with all the scams - maybe it would if you were dealing with someone that is trusted enough)

dogtor

newbie

Activity: 50

Merit: 0

If you use "Hals" instead of "bits" I might do it.

jerfelix

sr. member

Activity: 266

Merit: 250

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