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authorGavin Andresen <gavinandresen@gmail.com>2011-06-22 11:32:49 -0400
committerbitcoindev <bitcoindev@gnusha.org>2011-06-22 15:32:56 +0000
commit09e19b76c354c6c7d36bb9c0e8927e853d900083 (patch)
tree8ccc92e81e9c42f3fab99062874810ba7fdb0bf9
parent959965a828e3fd9512af8874ecc270d9fbc67b43 (diff)
downloadpi-bitcoindev-09e19b76c354c6c7d36bb9c0e8927e853d900083.tar.gz
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Re: [Bitcoin-development] [PULL] Add scriptPubKey enforced sendescrow and redeemescrow API calls
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+Date: Wed, 22 Jun 2011 11:32:49 -0400
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+From: Gavin Andresen <gavinandresen@gmail.com>
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+Cc: Bitcoin Dev <bitcoin-development@lists.sourceforge.net>
+Subject: Re: [Bitcoin-development] [PULL] Add scriptPubKey enforced
+ sendescrow and redeemescrow API calls
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+
+...
+>> I think all of these could use a new type of bitcoin payment address;
+>> it might make sense for THAT to be generic, maybe containing:
+>> =A0version byte
+>> =A0m
+>> =A0n
+>> =A0hash of xor of all n public keys
+>> =A0checksum
+>
+> I don't understand what this is for. For triggering such a transaction
+> via the UI, I think establishing a higher level protocol would be
+> needed. It's a separate step.
+
+You're right, it doesn't make sense. The use case I would like to work is:
+
+I setup an escrow that requires m of n signatures to release funds,
+securely getting public keys from the other n-1 parties.
+
+Now we all need to fund the escrow. Or maybe other people can fund the
+escrow (it just takes m of n of us to decide when/how/where to spend
+the funds).
+
+It would be spiffy to publish a new type of bitcoin address that is an
+"m of n address", that anybody could pay into, but would require m of
+n signatures to spend. Publishing a really really long address with
+all n public keys would work.
+
+It would be great if the "higher level protocol" for pay-to-escrow was
+just get a bitcoin address via https (or other secure mechanism), like
+we do now for pay-to-single-party. Where the person you're paying has
+their own mechanisms for generating or fetching/authenticating the
+public keys, and knows which bitcoin addresses they've published.
+
+All of which makes me wonder if the straightforward "n PUBKEYS m
+CHECKMULTISIG" transaction type is the right thing to do.
+Following the pattern of our standard DUP HASH160 etc. transaction
+type, maybe 2 of 2 and 2 of three should be:
+
+2DUP ADD HASH160 ...hash(pubkey1+2)... EQUALVERIFY 2 2 ROLL CHECKMULTISIGVE=
+RIFY
+3DUP ADD ADD HASH160 ...hash(pubkey1+2+3)... EQUALVERIFY 2 3 ROLL
+CHECKMULTISIGVERIFY
+
+Spending those transactions would mean putting the m signatures and
+the n public keys in the TxIn, but sending funds you'd only need the
+hash of the sum of the public keys.
+
+--=20
+--
+Gavin Andresen
+http://clearcoin.com/
+
+