Author

Topic: 2 of 2 escrow walkthru (Read 1301 times)

legendary
Activity: 1652
Merit: 2216
Chief Scientist
August 13, 2012, 11:04:09 AM
#5
I would like step-by-step instructions for creating a Bitcoin escrow. Can someone please walk me through an escrow

I wrote up a step-by-step guide for secure two-person cold-storage escrow using the new 'raw transactions' api:
  https://gist.github.com/3161162
legendary
Activity: 1904
Merit: 1002
August 12, 2012, 05:59:59 PM
#4
I don't think you can get funds out of multi-sig addresses yet.
One of the most important features of bitcoin i think but it doesn't seem to have any priority for the devs Smiley

Lies.

Here you go OP:
https://en.bitcoin.it/wiki/BIP_0016_QA
legendary
Activity: 1937
Merit: 1001
August 12, 2012, 05:40:26 PM
#3
I don't think you can get funds out of multi-sig addresses yet.
One of the most important features of bitcoin i think but it doesn't seem to have any priority for the devs Smiley
legendary
Activity: 1526
Merit: 1129
August 12, 2012, 04:44:35 PM
#2
I would like step-by-step instructions for creating a Bitcoin escrow. Can someone please walk me through an escrow with a bitcent? Here's a public key to which I have the corresponding private key: 16sBoHhUdXUmbpQzbgh6aRNHTbbjunZjAY

You need more detail. 2-of-2 you can do with Bitcoin RPC today, but you need both keys in your wallet, which makes it fairly useless. Also, when you say "instructions", is "write a program" a valid instruction"? :-)

To me the most useful form of escrow is a 2-of-3 dispute mediation contract. It's not hard to do today if you are willing to get dirty and write some code. But making it useful to ordinary users involves a ton of work to layer everything needed on top in an easy to use manner.
donator
Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
August 12, 2012, 03:36:28 PM
#1
I would like step-by-step instructions for creating a Bitcoin escrow. Can someone please walk me through an escrow with a bitcent? Here's a public key to which I have the corresponding private key: 16sBoHhUdXUmbpQzbgh6aRNHTbbjunZjAY
Jump to: