Hi Martin,

You're on the right lines. Your writeup is pretty similar to the high level overview given here though:

https://en.bitcoin.it/wiki/Contracts#Example_2:_Escrow_and_dispute_mediation

To make 2-of-3 dispute mediation works requires implementing a wallet that supports it, and the tools mediators need to manage incoming tickets, etc. The BIP70 extension is probably the smallest part of the project.


On Sat, Jan 31, 2015 at 2:30 AM, Martin Habovštiak <martin.habovstiak@gmail.com> wrote:
Hello,

I've been thinking about how to solve security problems of the servers
holding huge amounts of bitcoins (exchanges, markets...) and came up
with this idea: https://gist.github.com/Kixunil/2ec79cf40a53fb899ac5

TL;DR: it's extension of BIP70 (but not fully compatible due to security
reasons) which supports making of multisig transactions dynamically.
(The most important thing is that the user provides his address.)

What do you think? Is it a good way to solve the problem or do you know
about something better? I would really like this or something similar
implemented by wallets.

Thank you for your feedback!

Martin

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