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

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1answer
99 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
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1answer
155 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
57 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 ...
2
votes
1answer
145 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
108 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
81 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
69 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
115 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 ...
4
votes
1answer
151 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 ...
0
votes
0answers
362 views

Exchange bitcoin <-> webmoney using webmoney serivce

I know a guy has bitcoin and I have webmoney (wmz), so we want to exchange but we don't trust each other so I have 2 questions : Does Webmoney allow ecurrency - ecurrency exchanging ? Can we use ...
6
votes
3answers
722 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
349 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
vote
2answers
272 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"?
3
votes
1answer
366 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
105 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
586 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 ...
8
votes
1answer
2k 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
587 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
438 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
159 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 ...
6
votes
3answers
700 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
votes
8answers
4k 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 ...