--- Log opened Thu Feb 17 00:00:01 2022
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14:27 < ademan[m]> Imagine a scenario where you want to crowd fund a piece of work on some FOSS by a particular party without requiring specialized software on the part of the payers. You could easily generate a p2wsh address which encapsulates the correct rules. Payout would be controlled by an M-of-N group of "approvers", and require the party doing the work to sign as well to prevent collusion amongst the "approvers" to steal the funds. Something
14:27 < ademan[m]> like `and(pk(A),thresh(2, pk(B), pk(C), pk(D)))` Then, contributors could all send coins to this address, to be disbursed to the payee according to the conditions set out in some written proposal. *except of course* this is address reuse. I *think* that given the use case: a one time sweep of the address, and multisig, this is likely safe-ish in practice, but am I correct in assuming it's still considered vulnerable?
14:27 < ademan[m]> The alternative I can think of: input aggregation like described here: https://en.bitcoin.it/wiki/Contract#Example_3:_Assurance_contracts doesn't seem possible without asking the user to either install and trust some software that uses RPC (hopefully they use core!), or understand rawtransactions, is there a third option I'm missing?
14:28 < sipa> replace B,C,D with xpub paths?
14:28 < sipa> and A
14:29 < ademan[m]> It would actually be possible (but cumbersome) in core if you could get a psbt for an underfunded transaction when using coin control
14:29 < sipa> that doesn't really help much though, as the derivation is publicly known
14:29 < sipa> so it's not actually all that better than address reuse
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--- Log closed Fri Feb 18 00:00:02 2022