A trusted third party that holds something of value until both sides are happy.

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0answers
24 views

can we create subjective trading platform using bitcoin and smart contract where payments are taken in stages?

Is it possible to create a subjective trading system (for eg: second hand goods like laptops, television cell phones etc) using concepts of bitcoins and smart contracts. Payments on the system would ...
0
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2answers
57 views

Escrow outputs show incorrect destination addresses in Blockchain.info

I'm interested in the following multisig transaction 3a0c283c8574205c2cc95cea0e603bfff9087af2ab0360ebd2e98740a3193a18 If I query bitcoind for information about it using the following command ...
2
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0answers
63 views

How to get bitcoin P2SH (3*) address balance with bitcoind

i'm trying to understand how to calculate/obtain balance of a P2SH address added to my running bitcoind with "addmultisigaddress..." and that is properly displayed by the command ...
1
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1answer
146 views

multisig without tying up funds

Is it possible to enable a 2 of 3 transaction without the escrow component defined as "nobody can run off with the funds but the funds have to exist" In a scenario where A wants to pay C and requires ...
2
votes
1answer
191 views

Help understand multi-signature transactions

I'm not a technical guy by any means, and I'm having alot of difficulty understanding Multi-signature Transactions. Would an expert have time to try to "dumb down" the basics for me using some sort ...
1
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2answers
71 views

What escrow system does the official Bitcoin bounty progam use?

There is a list of bounties on the wiki here: https://en.bitcoin.it/wiki/Active_Bounties How are the BTC pledges collated and eventually paid? I assume there is some kind of escrow system but I ...
3
votes
1answer
180 views

Escrow multisig output tx

Can someone please explain the third (Escrow) output transaction listed here: https://blockchain.info/tx/09dd94f2c85262173da87a745a459007bb1eed6eeb6bfa238a0cd91a16cf7790?show_adv=true What the ...
2
votes
1answer
141 views

Multi-Signature Transaction - Verify First Signature is Valid?

Using Gavin Anderson's TwoOfThree.sh Gist located here: https://gist.github.com/gavinandresen/3966071 Is it possible to verify the first "partial" signrawtransaction is valid from the known public ...
1
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1answer
125 views

Completely confused with mutisig address and scripts

I used the guide, how to make escrow from bitcoin console. Here are my transactions in testnet: tx1 tx2 I am confused about ScriptPublicKey in tx1: OP_HASH160 ...
0
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0answers
71 views

Seeking specific advice on three-party/escrow-type transactions

I'm a professional mediator just learning about bitcoins, and I have a specific question. I have been asked by someone if I am able to be the "third party" for a Bitcoin transaction. In other words, ...
0
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1answer
137 views

Having trouble setting up the escrow function - returns transaction ID but doesn't get to blockchain?

Looking at both this example: https://earlytemple.com:8181/index.jsp and this example: https://gist.github.com/gavinandresen/3966071 I think I plowed through everything to the point where I was doing ...
5
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1answer
162 views

How do big sites/markets handle the intrinsic “transaction fees”?

For example, on the late SilkRoad market, or in bitcoin mixing services. They supposedly have a "pool" account (or escrow acct, etc) where all the coins go in to, and from which withdrawals are made. ...
4
votes
2answers
2k views

How do I use Multisig transactions to handle escrow needs?

I want to do a private escrow between me and someone else for a Bitcoin miner, and it will take weeks or months for that miner to arrive. I think multisig is an easy trust-free way to accommodate ...
6
votes
3answers
804 views

What clients support escrow transactions apart from Blockchain's MyWallet?

By escrow transactions I mean basic 2 of 3 multi-signature transaction like here https://blockchain.info/wallet/escrow Are there any other bitocoin clients where I can do this?
2
votes
2answers
378 views

Why don't bitcoin escrow transactions require a third party?

I've read this article: What are "routine escrow mechanisms"? But I don't understand the bitcoin escrow system. Can anyone explain me how this escrow system doesn't need a third party ? ...
1
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2answers
352 views

What are “routine escrow mechanisms”?

The original Nakamoto paper states routine escrow mechanisms could easily be implemented to protect buyers What is meant by "routine escrow mechanisms"?
4
votes
3answers
402 views

How much escrow/ Multi-signature transactions are done?

I have read here about the possibility of Multi-signature transactions. Is there a statistic available how much of these are done?
4
votes
1answer
112 views

Promise-to-pay functionality without escrow where sellers vote if they should pay

Is there a promise-to-pay functionality with no escrow where a seller can set a bitcoin address for buyers to send promise-to-pay bitcoins. Once seller fulfills his promise, the buyers will confirm ...
6
votes
1answer
692 views

Creating an eWallet - How can i go about this?

My experience in PHP is not the best, but its good enough to learn and expand. I wish to create a Bitcoin eWallet for my website where it automatically creates a Bitcoin wallet for users. This wallet ...
9
votes
1answer
3k views

How does one make multisignature transactions with the bitcoin client?

With the release of bitcoin version 0.6.1rc2, it is now possible to do M-of-N required signature transactions in the main network. But how does one actually perform such a transaction? I've been ...
4
votes
1answer
620 views

Using Bitcoin contracts to run a betting site without the need for deposits?

There are a couple of bitcoin betting sites, but they all seem to require making a deposit with them. Is it possible to somehow use the Bitcoin contract system to establish a distributed betting pool? ...
9
votes
1answer
483 views

How do I implement an escrow service using Bitcoin contracts?

I can see that Bitocin can provide escrow contracts. https://en.bitcoin.it/wiki/Contracts#Example_2:_Escrow_and_dispute_mediation Can someone provide a worked example or even better a pointer to a ...
9
votes
1answer
161 views

Is there a way to publicly raise Bitcoin funds?

What services are available to publicly raise Bitcoin funds? I'm considering setting up a Bitcoin fund that would accept BTC donations. If the fund doesn't reach a certain value after a time, I'd ...
7
votes
3answers
764 views

Decentralized escrow functionality built into Bitcoin?

AFAIK there are a few websites out there that offer escrow services for Bitcoin. Those however are central, i.e. I have to "trust" them. Is it being discussed, is it theoretically possible, or does ...
18
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9answers
5k views

Which Bitcoin escrow services are available - and reliable?

For some transaction, the possibility of generating "chargebacks" might be very useful. For example, when trust cannot be established between both parties. In such cases, a trusted third party may be ...