rich1.0npub1kf0ppcjaguxekg24yx6smgxlu73qn0k8lm0t2wrqc0scpl7u3sgsmf3f58https://nostr.ae/npub1kf0ppcjaguxekg24yx6smgxlu73qn0k8lm0t2wrqc0scpl7u3sgsmf3f58njumphttps://nostr.ae📅 Original date posted:2014-03-10 📝 Original message:Payment protocol currently supports payments to multi-sig addresses. In general, almost all wallet software sucks RE multisig. Just try any of these actions in Bitcoin-Qt or another wallet: * obtain a public key you control, given a bitcoin address * easily share public keys * easily share partially signed transactions * build a P2SH multisig address from public keys, reliably. Right now, participants have no idea about pubkey order, leading various N possible P2SH addresses, given a list of public keys. Reproducing the P2SH address is harder than it should be. * track "partially controlled" balance (balance of coins of which you may sign at least 1 of N) * support for remote oracles and services that provide 1-of-N signatures etc. On Mon, Mar 10, 2014 at 1:39 PM, Drak <drak at zikula.org> wrote: > I was wondering if there would be merit in a kind of BIP for a payment > protocol using multisig? > > Currently, setting up a multisig is quite a feat. Users have to exchange > public keys, work out how to get the public keys from their addresses. If > one of the parties are not savvy enough, an malicious party could easily be > setup that was 2 of 3 instead of 2 of 2 where the malicious party generates > the multisig address+script and thus be able to run off with funds anyway. > > It's also terribly complex to generate and keep track of. There's been a > nice attempt at creating an browser interface at coinb.in/multisig but it > still lacks the kind of ease with created by the payment protocol. If there > was a BIP then it would go a long way to aiding future usability of multisig > wallet implementations. > > What are your thoughts? > > Drak > > ------------------------------------------------------------------------------ > Learn Graph Databases - Download FREE O'Reilly Book > "Graph Databases" is the definitive new guide to graph databases and their > applications. Written by three acclaimed leaders in the field, > this first edition is now available. Download your free book today! > http://p.sf.net/sfu/13534_NeoTech > _______________________________________________ > Bitcoin-development mailing list > Bitcoin-development at lists.sourceforge.net > https://lists.sourceforge.net/lists/listinfo/bitcoin-development > -- Jeff Garzik Bitcoin core developer and open source evangelist BitPay, Inc. https://bitpay.com/