Author

Topic: Transactions with only one possible next address? (Read 688 times)

hero member
Activity: 836
Merit: 1030
bits of proof
November 02, 2013, 11:10:30 AM
#6
nlocktime is usable and could be utilized to create an offsetting transaction in advance.
It would be a similar scheme thane implemented in bitcoinj micropayment channel:

https://bitcointalksearch.org/topic/m.2593783
legendary
Activity: 3640
Merit: 1571
See providing a deposit:

https://en.bitcoin.it/wiki/Contracts#Example_1:_Providing_a_deposit

Problem is that nlocktime is not well supported or so I hear.
hero member
Activity: 896
Merit: 532
Former curator of The Bitcoin Museum
no

What a wonderfully detailed response

Tongue
legendary
Activity: 1792
Merit: 1111
no
legendary
Activity: 2053
Merit: 1356
aka tonikt
Transaction which can be sent to only one address does not make any sense. It isn't even a money.
It's essentially an asset in an escrow - you can use mulitisig addresses; the only way to "unlock a coin" is to get it signed by two parties and the party that gets it back wont sign anything that isn't coming back to it.
newbie
Activity: 7
Merit: 0
I'm wondering if it's possible to create a transaction that the receiver can only send back to one specific place.

So for instance a supermarket cart would receive a coin, and the coin would always go back to the customer who put it in, after they return the cart to the queue. Currently this is done by a chain type system where one cart locks the next.
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