Author

Topic: split payments for digital download (Read 579 times)

sr. member
Activity: 406
Merit: 250
February 23, 2014, 06:29:31 PM
#5
Looks like great sites. Hope they will be further improved, there is great potential in them.
full member
Activity: 185
Merit: 100
@bleeprepeat
February 23, 2014, 06:19:53 PM
#4
another method is a wallet that automatically splits any income to an address into defined percentages and sends it to the assigned addresses.
The percentage splits could be subject to multi-sigs before they are implemented.. 
full member
Activity: 185
Merit: 100
@bleeprepeat
February 23, 2014, 06:04:33 PM
#3
thx, i suppose you could have a multi sig wallet that only get signed off when, one party receives a payment..


legendary
Activity: 1428
Merit: 1000
February 23, 2014, 05:54:57 PM
#2
I have been using tools such as https://www.coinlock.com and http://satoshibox.com/ to sell digital downloads.

As a record label that uses bitcoin it would be useful to have a service that allows you to split the payment for the download between the label and the artist, let's say 50/50.

50% to the label wallet
50% to the artists wallet

This would create a trustless system for artists and labels saving on admin and legal stuff.

A step further would be to allow multiple addresses to be assigned percentages of the payment, providing royalties to all musicians involved.


sounds like a nice idea for bitpay.
what you can do: use a 2-2 multisig address. so at least no one can spent money without the other party signing it
full member
Activity: 185
Merit: 100
@bleeprepeat
February 23, 2014, 05:50:24 PM
#1
I have been using tools such as https://www.coinlock.com and http://satoshibox.com/ to sell digital downloads.

As a record label that uses bitcoin it would be useful to have a service that allows you to split the payment for the download between the label and the artist, let's say 50/50.

50% to the label wallet
50% to the artists wallet

This would create a trustless system for artists and labels saving on admin and legal stuff.

A step further would be to allow multiple addresses to be assigned percentages of the payment, providing royalties to all musicians involved.
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