{"type":"rich","version":"1.0","author_name":"npub1s4lj77xuzcu7wy04afcr487f0r3za0f8n2775xrpkld2sv639mjqsd44kw","author_url":"https://nostr.ae/npub1s4lj77xuzcu7wy04afcr487f0r3za0f8n2775xrpkld2sv639mjqsd44kw","provider_name":"njump","provider_url":"https://nostr.ae","html":"📅 Original date posted:2014-03-10\n📝 Original message:In my experience, best process for standardizing something is:\n\n1) Somebody has a great idea\n2) They implement it\n3) Everybody agrees, \"Great idea!\" and they copy it.\n4) Idea gets refined by the people copying it.\n5) It gets standardized.\n\nMutisig wallets are at step 2 right now. BIP is step 5, in my humble\nopinion...\n\n\n\n\nOn Mon, Mar 10, 2014 at 1:39 PM, Drak \u003cdrak at zikula.org\u003e wrote:\n\n\u003e I was wondering if there would be merit in a kind of BIP for a payment\n\u003e protocol using multisig?\n\u003e\n\u003e Currently, setting up a multisig is quite a feat. Users have to exchange\n\u003e public keys, work out how to get the public keys from their addresses. If\n\u003e one of the parties are not savvy enough, an malicious party could easily be\n\u003e setup that was 2 of 3 instead of 2 of 2 where the malicious party generates\n\u003e the multisig address+script and thus be able to run off with funds anyway.\n\u003e\n\u003e It's also terribly complex to generate and keep track of. There's been a\n\u003e nice attempt at creating an browser interface at coinb.in/multisig but it\n\u003e still lacks the kind of ease with created by the payment protocol. If there\n\u003e was a BIP then it would go a long way to aiding future usability of\n\u003e multisig wallet implementations.\n\u003e\n\u003e What are your thoughts?\n\u003e\n\u003e Drak\n\u003e\n\u003e\n\u003e ------------------------------------------------------------------------------\n\u003e Learn Graph Databases - Download FREE O'Reilly Book\n\u003e \"Graph Databases\" is the definitive new guide to graph databases and their\n\u003e applications. Written by three acclaimed leaders in the field,\n\u003e this first edition is now available. Download your free book today!\n\u003e http://p.sf.net/sfu/13534_NeoTech\n\u003e _______________________________________________\n\u003e Bitcoin-development mailing list\n\u003e Bitcoin-development at lists.sourceforge.net\n\u003e https://lists.sourceforge.net/lists/listinfo/bitcoin-development\n\u003e\n\u003e\n\n\n-- \n--\nGavin Andresen\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20140310/b72ac2aa/attachment.html\u003e"}