edit: eeh i've just read the thread title
Topic: AWARDED [BOUNTY] split key wallet escrow - 1 BTC - page 2. (Read 3911 times)
Why split the wallet? Split just the private key used to generate the pay-to address.
edit: eeh i've just read the thread title
edit: eeh i've just read the thread title
just a little 
visit http://coinbit.tk and create a vanity address, or atleast read their explanation. sheds some light on how easy this could be made http://coinbit.tk/about.html. take note of their split key process where part of the key is given to you and the rest is sent to the server once the form is submitted. this might be something you are atleast partially interested in. a good starting point maybe. just my .02(thought i'm quiet out of depth here honestly. hope that helps)
cool idea. bounty is too cheap
Feel free to chip in
I'm not buying a software here, so 1 BTC is all it's worth to me.
I don't even usually do escrow, just get asked from time to time.
That covers multisig, not really what I have in mind.
I've chosen m-of-n-wallets for a reason. I think they are the easier concept to grasp for the majority of users, and that might just be most important for adoption.
I'm curious why you'd want that over casascius' utility. It's fairly easy to use, so long as all parties are willing to try it, and there's much less trust involved.
Mainly for extendability, I'd like to go in the direction of 3-of-5 later on. Also, as far as I understand casascius' approach, it requires a lengthy process chain with sending invitations, accepting, sending on, etc. That's probably quite a hassle if all you want is a one-of-escrow for a smaller transaction.
Also, from a psychological point of view, a lengthy, complicated process does not inspire confidence.
Technically, though, the casascius tool is much more secure than what I'm looking for.
Oh, well. I'm not very ambitious anymore, I guess. I hear you.
I understand you very well
See, the above process even reads lengthy and tiresome. It also requires you to "install" extra software. Just imagine, you're a noob trying to buy something and the seller proposes to install software from some strange guy who calls himself casascius and you'll have to work some magic on some strange alphanumeric codes. Does that inspire confidence?
I've always said that the majority of people will use bitcoin over web services of some kind. That's just the way it is. They're used to entrusting google with their email, facebook with their family photo album, paypal with their money, why would they start using "real" software for something like bitcoin?
I'm curious why you'd want that over casascius' utility. It's fairly easy to use, so long as all parties are willing to try it, and there's much less trust involved.
Mainly for extendability, I'd like to go in the direction of 3-of-5 later on. Also, as far as I understand casascius' approach, it requires a lengthy process chain with sending invitations, accepting, sending on, etc. That's probably quite a hassle if all you want is a one-of-escrow for a smaller transaction.
Also, from a psychological point of view, a lengthy, complicated process does not inspire confidence.
Technically, though, the casascius tool is much more secure than what I'm looking for.
Oh, well. I'm not very ambitious anymore, I guess. I hear you.
I'm curious why you'd want that over casascius' utility. It's fairly easy to use, so long as all parties are willing to try it, and there's much less trust involved.
Mainly for extendability, I'd like to go in the direction of 3-of-5 later on. Also, as far as I understand casascius' approach, it requires a lengthy process chain with sending invitations, accepting, sending on, etc. That's probably quite a hassle if all you want is a one-of-escrow for a smaller transaction.
Also, from a psychological point of view, a lengthy, complicated process does not inspire confidence.
Technically, though, the casascius tool is much more secure than what I'm looking for.
I'm curious why you'd want that over casascius' utility. It's fairly easy to use, so long as all parties are willing to try it, and there's much less trust involved.
One of the reasons why I don't like to do escrow has always been that I don't want to hold the funds of someone else.
So, I had the idea of making that unnecessary for an escrower.
I'd like to offer a bounty of 1 BTC for a developer who will make a nice, clean software that creates a split 2-of-3-wallet and directly emails each one of the three keys to the email-adresses of the buyer, seller and escrower.
In the end, no single one of the involved parties will have access to the funds in that wallet, but whenever two of the three parties agree, they will be able to sweep the contents. If it's extendable to, for example, 3-of-5, that could even make a "voting" escrow team possible.
That will greatly reduce the amount of trust needed in an escrower.
I would like to see a software that may be installed as some kind of web service, where you would (unfortunately) have to trust the web site's owner again, but for the moment, I just can't think of a better solution.
I'm also open to any suggestion for improving this idea.
My bounty will be awarded solely on my discretion, I will decide whether or not I like your software, and whether or not I want to award it.
Obviously, it has to be full open source under a free license.
I can do it and I'm kinda interested in doing itSo, I had the idea of making that unnecessary for an escrower.
I'd like to offer a bounty of 1 BTC for a developer who will make a nice, clean software that creates a split 2-of-3-wallet and directly emails each one of the three keys to the email-adresses of the buyer, seller and escrower.
In the end, no single one of the involved parties will have access to the funds in that wallet, but whenever two of the three parties agree, they will be able to sweep the contents. If it's extendable to, for example, 3-of-5, that could even make a "voting" escrow team possible.
That will greatly reduce the amount of trust needed in an escrower.
I would like to see a software that may be installed as some kind of web service, where you would (unfortunately) have to trust the web site's owner again, but for the moment, I just can't think of a better solution.
I'm also open to any suggestion for improving this idea.
My bounty will be awarded solely on my discretion, I will decide whether or not I like your software, and whether or not I want to award it.
Obviously, it has to be full open source under a free license.
As a starting point, you might want to take a look at:
https://bitcointalksearch.org/topic/ann-m-of-n-fragmented-backups-now-in-armory-command-line-only-149820
Nope, if I understand your proposal correctly it's not the same thing.https://bitcointalksearch.org/topic/ann-m-of-n-fragmented-backups-now-in-armory-command-line-only-149820
where you would (unfortunately) have to trust the web site's owner again
I think this can be avoided
cool idea. bounty is too cheap
One of the reasons why I don't like to do escrow has always been that I don't want to hold the funds of someone else.
So, I had the idea of making that unnecessary for an escrower.
I'd like to offer a bounty of 1 BTC for a developer who will make a nice, clean software that creates a split 2-of-3-wallet and directly emails each one of the three keys to the email-adresses of the buyer, seller and escrower.
In the end, no single one of the involved parties will have access to the funds in that wallet, but whenever two of the three parties agree, they will be able to sweep the contents. If it's extendable to, for example, 3-of-5, that could even make a "voting" escrow team possible.
That will greatly reduce the amount of trust needed in an escrower.
I would like to see a software that may be installed as some kind of web service, where you would (unfortunately) have to trust the web site's owner again, but for the moment, I just can't think of a better solution.
I'm also open to any suggestion for improving this idea.
My bounty will be awarded solely on my discretion, I will decide whether or not I like your software, and whether or not I want to award it.
Obviously, it has to be full open source under a free license.
As a starting point, you might want to take a look at:
https://bitcointalksearch.org/topic/ann-m-of-n-fragmented-backups-now-in-armory-command-line-only-149820
Edit: this bounty has been claimed. Fulfillment on 2013-11-27 at 1 BTC = $1000
https://blockchain.info/de/tx/5b445f6126be4e0aa4d284ee7f910ca9f46c2b3885b6e10553ba5971709d1371
https://github.com/knowitnothing/webescrow_nm
So, I had the idea of making that unnecessary for an escrower.
I'd like to offer a bounty of 1 BTC for a developer who will make a nice, clean software that creates a split 2-of-3-wallet and directly emails each one of the three keys to the email-adresses of the buyer, seller and escrower.
In the end, no single one of the involved parties will have access to the funds in that wallet, but whenever two of the three parties agree, they will be able to sweep the contents. If it's extendable to, for example, 3-of-5, that could even make a "voting" escrow team possible.
That will greatly reduce the amount of trust needed in an escrower.
I would like to see a software that may be installed as some kind of web service, where you would (unfortunately) have to trust the web site's owner again, but for the moment, I just can't think of a better solution.
I'm also open to any suggestion for improving this idea.
My bounty will be awarded solely on my discretion, I will decide whether or not I like your software, and whether or not I want to award it.
Obviously, it has to be full open source under a free license.
As a starting point, you might want to take a look at:
https://bitcointalksearch.org/topic/ann-m-of-n-fragmented-backups-now-in-armory-command-line-only-149820
Edit: this bounty has been claimed. Fulfillment on 2013-11-27 at 1 BTC = $1000
https://blockchain.info/de/tx/5b445f6126be4e0aa4d284ee7f910ca9f46c2b3885b6e10553ba5971709d1371
https://github.com/knowitnothing/webescrow_nm
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