📅 Original date posted:2011-06-16
🗒️ Summary of this message: Bitcoin's new "escrow" feature allows multiple parties to control coins, reducing trust and eliminating single points of failure in transactions. Feedback is welcome.
📝 Original message:I have a pull request here:
https://github.com/bitcoin/bitcoin/pull/319
>From the README:
Bitcoin "escrow" are coins that are under the control of multiple
parties. The initial implementation allows n parties to vote, with
k good signatures needed (k <= n).
This eliminates single points of failure and reduces the trust required
in many transaction use cases.
Use cases include Escrow (without trusting the escrow agent with the
coins), immediate payment and funds locked with multi-party signatures.
This was inspired by https://forum.bitcoin.org/index.php?topic=8821.0 and
https://forum.bitcoin.org/index.php?topic=4723.msg68804 .
Feedback on the pull is very much appreciated.
bgroff at lavabit.com [ARCHIVE] /
npub1ls…zmjm0
2023-06-07 01:55:48
in reply to nevent1q…ywf7
Author Public Key
npub1lsuxxpc34zcm7966h6d59zamdhkztgum70t44ydyz8eqf9p9w2jq3zmjm0Published at
2023-06-07 01:55:48Event JSON
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"content": "📅 Original date posted:2011-06-16\n🗒️ Summary of this message: Bitcoin's new \"escrow\" feature allows multiple parties to control coins, reducing trust and eliminating single points of failure in transactions. Feedback is welcome.\n📝 Original message:I have a pull request here:\n\nhttps://github.com/bitcoin/bitcoin/pull/319\n\n\u003eFrom the README:\n\n Bitcoin \"escrow\" are coins that are under the control of multiple\n parties. The initial implementation allows n parties to vote, with\n k good signatures needed (k \u003c= n).\n\n This eliminates single points of failure and reduces the trust required\n in many transaction use cases.\n\nUse cases include Escrow (without trusting the escrow agent with the\ncoins), immediate payment and funds locked with multi-party signatures.\n\nThis was inspired by https://forum.bitcoin.org/index.php?topic=8821.0 and\nhttps://forum.bitcoin.org/index.php?topic=4723.msg68804 .\n\nFeedback on the pull is very much appreciated.",
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