Author

Topic: Revokable Escrow Bitcoin Trade? (Read 3880 times)

donator
Activity: 2058
Merit: 1054
October 23, 2012, 10:39:42 AM
#7
You mean mutli-sig?
Never heard of this?  Where can I learn more?
See http://bitcoin.stackexchange.com/questions/3718/what-are-multi-signature-transactions.

The main two variants are to have the coins burned in case of disagreement.
Burned as in, the coins are not spendable ever?  Seems like this would be lose/lose for everybody??
Either that or sent to a charity agreed upon in advance. Yes, it's lose/lose but the fact that each party can credibly threaten to execute it means neither will try to defraud the other, thus it will not be actually manifested. Sort of a small-scale MAD.
hero member
Activity: 632
Merit: 500
October 23, 2012, 10:27:02 AM
#6
The main two variants are to have the coins burned in case of disagreement.

Burned as in, the coins are not spendable ever?  Seems like this would be lose/lose for everybody??
hero member
Activity: 632
Merit: 500
October 23, 2012, 10:25:24 AM
#5
You mean mutli-sig?

Never heard of this?  Where can I learn more?
legendary
Activity: 1526
Merit: 1134
October 21, 2012, 04:29:30 PM
#4
Are you thinking of this talk?

http://www.youtube.com/watch?v=mD4L7xDNCmA
donator
Activity: 2058
Merit: 1054
October 21, 2012, 02:03:56 PM
#3
This was discussed for example here. The main two variants are to have the coins burned in case of disagreement, or to have a 2-of-3 transaction with an arbiter that decides in this case.
legendary
Activity: 1498
Merit: 1000
October 21, 2012, 01:26:15 PM
#2
You mean mutli-sig?
hero member
Activity: 632
Merit: 500
October 21, 2012, 03:55:44 AM
#1
I remember hearing a badly recorded audio that suggested there was a way to do a trade with Bitcoins that could be revoked.

Kinda like a escrow deal.

Anyone heard of this?  Or how it's done?
Jump to: