From mboxrd@z Thu Jan 1 00:00:00 1970 Received: from sog-mx-2.v43.ch3.sourceforge.com ([172.29.43.192] helo=mx.sourceforge.net) by sfs-ml-2.v29.ch3.sourceforge.com with esmtp (Exim 4.76) (envelope-from ) id 1We7O6-0008QT-5F for bitcoin-development@lists.sourceforge.net; Sat, 26 Apr 2014 18:31:46 +0000 Received-SPF: pass (sog-mx-2.v43.ch3.sourceforge.com: domain of petertodd.org designates 62.13.148.98 as permitted sender) client-ip=62.13.148.98; envelope-from=pete@petertodd.org; helo=outmail148098.authsmtp.com; Received: from outmail148098.authsmtp.com ([62.13.148.98]) by sog-mx-2.v43.ch3.sourceforge.com with esmtp (Exim 4.76) id 1We7O2-0002OC-IO for bitcoin-development@lists.sourceforge.net; Sat, 26 Apr 2014 18:31:46 +0000 Received: from mail-c235.authsmtp.com (mail-c235.authsmtp.com [62.13.128.235]) by punt17.authsmtp.com (8.14.2/8.14.2/) with ESMTP id s3QIVZXv009370; Sat, 26 Apr 2014 19:31:35 +0100 (BST) Received: from savin (76-10-178-109.dsl.teksavvy.com [76.10.178.109]) (authenticated bits=128) by mail.authsmtp.com (8.14.2/8.14.2/) with ESMTP id s3QIVTQI053711 (version=TLSv1/SSLv3 cipher=DHE-RSA-AES128-SHA bits=128 verify=NO); Sat, 26 Apr 2014 19:31:32 +0100 (BST) Date: Sat, 26 Apr 2014 14:31:19 -0400 From: Peter Todd To: Mike Hearn Message-ID: <20140426183119.GB16440@savin> References: <20140426112312.GA17949@savin> MIME-Version: 1.0 Content-Type: multipart/signed; micalg=pgp-sha256; protocol="application/pgp-signature"; boundary="LyciRD1jyfeSSjG0" Content-Disposition: inline In-Reply-To: User-Agent: Mutt/1.5.21 (2010-09-15) X-Server-Quench: fda626af-cd70-11e3-b802-002590a15da7 X-AuthReport-Spam: If SPAM / abuse - report it at: http://www.authsmtp.com/abuse X-AuthRoute: OCd2Yg0TA1ZNQRgX IjsJECJaVQIpKltL GxAVKBZePFsRUQkR aQdMdAQUGUUGAgsB AmIbWl1eU1x7WmE7 bAxPbAVDY01GQQRq WVdMSlVNFUsrAn14 YHp/Kxl3dAJHeTBx ZUZkVj4NCBV8d0As FFMHQWoGeGZhPWMC AkhYdR5UcAFPdx8U a1UrBXRDAzANdhES HhM4ODE3eDlSNilR RRkIIFQOdA4mGj85 RhYLATQpEgUJQDg5 KxFjMUYRGkoKeloz LVtpRU0fdgcbEBFP fQlWDStXYlQaTDAs EktUWlRWEDxSQW9C Cxk1L1dUGDVUQSNT GEpCTQpn X-Authentic-SMTP: 61633532353630.1023:706 X-AuthFastPath: 0 (Was 255) X-AuthSMTP-Origin: 76.10.178.109/587 X-AuthVirus-Status: No virus detected - but ensure you scan with your own anti-virus system. X-Spam-Score: -1.5 (-) X-Spam-Report: Spam Filtering performed by mx.sourceforge.net. See http://spamassassin.org/tag/ for more details. -1.5 SPF_CHECK_PASS SPF reports sender host as permitted sender for sender-domain -0.0 SPF_PASS SPF: sender matches SPF record X-Headers-End: 1We7O2-0002OC-IO Cc: Bitcoin Development , Jeremy Spilman Subject: Re: [Bitcoin-development] Eliminating double-spends with two-party self-escrow for high value transactions X-BeenThere: bitcoin-development@lists.sourceforge.net X-Mailman-Version: 2.1.9 Precedence: list List-Id: List-Unsubscribe: , List-Archive: List-Post: List-Help: List-Subscribe: , X-List-Received-Date: Sat, 26 Apr 2014 18:31:46 -0000 --LyciRD1jyfeSSjG0 Content-Type: text/plain; charset=us-ascii Content-Disposition: inline Content-Transfer-Encoding: quoted-printable On Sat, Apr 26, 2014 at 08:07:58PM +0200, Mike Hearn wrote: > What stops the buyer just always waiting to get their money back? The seller won't hand over the goods of course until they have a valid transaction signed by the buyer sending them the escrowed funds. (and the nLockTime deadline is sufficiently far away that the probability of not being able to get the transaction mined in time is low) Note how the mechanism I'm proposing is basically just a Jeremy Spilman-style micropayment channel(1) used for a single payment; I should have made that clear in my original post. 1) http://www.mail-archive.com/bitcoin-development%40lists.sourceforge.net/= msg02028.html --=20 'peter'[:-1]@petertodd.org 000000000000000069ea3b64f8b627bc81c8981ce80e95edf81cd356ad04e1a0 --LyciRD1jyfeSSjG0 Content-Type: application/pgp-signature; name="signature.asc" Content-Description: Digital signature -----BEGIN PGP SIGNATURE----- Version: GnuPG v1.4.14 (GNU/Linux) iQGrBAEBCACVBQJTW/tzXhSAAAAAABUAQGJsb2NraGFzaEBiaXRjb2luLm9yZzAw MDAwMDAwMDAwMDAwMDA1Y2I2MGVjY2QxNmI2MDdiZTE1N2JjYzhhZDc1MjA4MzM3 OTU1NjM2YzUxNzM2NDgvFIAAAAAAFQARcGthLWFkZHJlc3NAZ251cGcub3JncGV0 ZUBwZXRlcnRvZC5vcmcACgkQJIFAPaXwkftcqwf+KdDBjtiPuUZGPMlVUoPtfDSi emgO0+zhW79wOBWPIa2cG5kcDxz8EpY6C1CLu7Jyj2xjK3disHQHN6y5QmcPFIet uWRcejLcVrylAlVLJ0NFEt4dKfK0Fr7L0zUKKaaUnfu9s8WiZxnEi/uYK1Et07hJ UVeImQQiF3KC8oKavk5gBD5ng8iadqeS1KXWxbVe6a/v644Fl/N5FgOrcvnxhXUo yXoyODJEHKW3YM3TgjdeBh0YD7iVAE+8h/E2JeZ44O8E8llV7A5KWZgOqDrZ0oAM /wGx6jK2lxQ0ZoWesdZ23SMCowo9gj2crjZzXNgWaE3N1Qxl6KD0ApZgsOaa/w== =NRaj -----END PGP SIGNATURE----- --LyciRD1jyfeSSjG0--