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authorAdam Back <adam@cypherspace.org>2014-01-14 14:18:38 +0100
committerbitcoindev <bitcoindev@gnusha.org>2014-01-14 13:19:26 +0000
commit99e4c5ce2bafeedf7bc31c345ebd258bf9476f64 (patch)
tree2b82da890e2776df5f3c3a7c9ce5de552bad6e2f
parent4f3011b0d2c25fd5532266b180a0e5b51f946f1f (diff)
downloadpi-bitcoindev-99e4c5ce2bafeedf7bc31c345ebd258bf9476f64.tar.gz
pi-bitcoindev-99e4c5ce2bafeedf7bc31c345ebd258bf9476f64.zip
Re: [Bitcoin-development] Payment protocol and reliable Payment messages
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+ Tue, 14 Jan 2014 14:18:38 +0100
+Date: Tue, 14 Jan 2014 14:18:38 +0100
+From: Adam Back <adam@cypherspace.org>
+To: Mike Hearn <mike@plan99.net>
+Message-ID: <20140114131838.GA10516@netbook.cypherspace.org>
+References: <CAPg+sBhdgVQvumL_r9thLD5wm7UOJx=2DE+01-T58HHdimvpXw@mail.gmail.com>
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+Cc: Bitcoin Dev <bitcoin-development@lists.sourceforge.net>,
+ Andreas Schildbach <andreas@schildbach.de>
+Subject: Re: [Bitcoin-development] Payment protocol and reliable Payment
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+
+Maybe even pay to (address derived from) contract hash has a hole: it
+assumes the merchant cashes the funds (or cashes then reimburses via the
+refund address). There is another rational (though abusive) move for the
+merchant: let the buyers funds sit in limbo. Then the buyer has the onus to
+go into disupte, maybe the seller is anonymous, in another country, or the
+cost of dispute resolution more than the value lost, and anyway its not very
+smart-contract like.
+
+It might be better if the buyer has time-stamped evidence of having sent the
+funds to the merchant, and evidence of non-collection of funds by the
+merchant (by omission from the block chain).
+
+Adam
+
+