Comments (4)
cosmicbro
commented on August 16, 2024
1
Agreed on both points
- Only 2 wallets and we then fund operation costs separately
- We have to consider keeping things in one wallet and only moving the
fees to 2 separate wallets when the contract is cleared
ᐧ
On Sun, Apr 9, 2017 at 12:16 AM, Álvaro Castro-Castilla < ***@***.***> wrote:
There are a couple complexities that need to be handled. Mainly:
- Only 2 wallets and we then fund operation costs separately or 3
wallets? (I'd go for the former for flexibility and using fiat for paying
services).
- We have to consider keeping things in one wallet and only moving the
fees to 2 separate wallets when the contract is cleared. Otherwise if the
contract is canceled, we'd incur in additional Bitcoin miner fees due to an
extra operation when returning the money to the seller.
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alvatar
commented on August 16, 2024
All good, althought some details about number 4.Fees can go to 2 different wallets of which you can have exclusive control of one. However making an interface to make the transient wallets and escrows accessible to you without going through the programming interface is a more involved development undertaking (over 13 points). In any case, if a few users show interest in this we should move to real Escrow anyway, so none of us would have the ability to release any of the funds.
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cosmicbro
commented on August 16, 2024
That works. Is it a small task? Would be good to add it before training
the automated testers. That way they're testing the entire thing everytime
we make a change.
ᐧ
…On Sat, Apr 8, 2017 at 1:01 AM, Álvaro Castro-Castilla < ***@***.***> wrote:
All good, althought some details about number 4.Fees can go to 2 different
wallets of which you can have exclusive control of one. However making an
interface to make the transient wallets and escrows accessible to you
without going through the programming interface is a more involved
development undertaking. In any case, if a few users show interest in this
we should move to real Escrow anyway, so none of us would have the ability
to release any of the funds.
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<#165 (comment)>,
or mute the thread
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alvatar
commented on August 16, 2024
There are a couple complexities that need to be handled. Mainly:
- Only 2 wallets and we then fund operation costs separately or 3 wallets? (I'd go for the former for flexibility and using fiat for paying services).
- We have to consider keeping things in one wallet and only moving the fees to 2 separate wallets when the contract is cleared. Otherwise if the contract is canceled, we'd incur in additional Bitcoin miner fees due to an extra operation when returning the money to the seller.
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Related Issues (20)
- Key from a previous contract (in seller UI) displayed without requesting it
- Wallet address invalidated if reboot HOT 1
- Make contract interaction dialog larger. Stuff don't fit, yo. HOT 1
- Short refund HOT 6
- Insufficient funds HOT 2
- Move to Digital Ocean
- how many confirmations before the contract is considered 'funded' HOT 1
- Are these the current screens? If not, what's different? HOT 10
- 45 mins = 5 confirmations? (transaction stall risk?) HOT 1
- Make the transaction back to the seller (in case of failed interaction) substract the exact amount of the fee HOT 2
- Add 2 or 3 wallets for fees. HOT 1
- USD & BTC precision are flipped? HOT 1
- Double check with Faisal if they are really purchasing 0.98 Bitcoin or if they’re purchasing 0.98 BTC
- Chargeback (Buyer) FAQ Text & Link
- Add Chargeback (Seller) to FAQ
- Add "Chargeback Venmo" to FAQ
- Critical Bug. (Maybe. Needs confirmation) HOT 2
- Require info from FB before enabling app (null name in contracts)
- 2 very different amounts are show for how much a person will receive when buying bitcoin see image HOT 2
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