From: Peter Todd <pete@petertodd•org>
To: Nathan Cook <nathan.cook@gmail•com>
Cc: bitcoin-development@lists•sourceforge.net
Subject: Re: [Bitcoin-development] Bi-directional micropayment channels with CHECKLOCKTIMEVERIFY
Date: Sun, 11 Jan 2015 17:24:47 -0500 [thread overview]
Message-ID: <20150111222447.GA15168@savin.petertodd.org> (raw)
In-Reply-To: <CAGNXQMSSCtgiyFEGHS2ufuc-RZcAtpEJyFpQMDmNKd1qEDq5qA@mail.gmail.com>
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On Fri, Jan 09, 2015 at 01:40:53PM +0200, Nathan Cook wrote:
Would you mind doing up some actual scriptPubKeys/transactions using
this idea as an example? I think it'd make the review process a lot
easier for everyone if there was something more concrete. (equally,
sorry I haven't had a chance to look at this, very busy for the rest of
the month)
You may find my CLTV-using micropayment channel demo useful reference
material too:
https://github.com/petertodd/checklocktimeverify-demos/blob/master/micropayment-channel.py
> A limitation on most existing micropayment channel ideas is that payments
> can only flow in one direction. This is because the payment receiver can
> sign -any- transaction you send them, not just the most recent one, and so
> it's possible to just sign the transaction transferring the largest amount
> into their control. This is easily remedied by opening a second payment
> channel in the opposite direction, but now both parties have to deposit
> funds over the lifetime of the two channels. If one party doesn't know
> ahead of time whether or not the other party will go into credit, having
> only one channel may save the use of a deposit.
--
'peter'[:-1]@petertodd.org
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prev parent reply other threads:[~2015-01-11 22:25 UTC|newest]
Thread overview: 9+ messages / expand[flat|nested] mbox.gz Atom feed top
2015-01-09 11:40 Nathan Cook
2015-01-09 13:20 ` Mike Hearn
2015-01-09 13:22 ` Jeff Garzik
2015-01-09 13:42 ` Mike Hearn
2015-01-09 14:50 ` Gregory Maxwell
2015-01-11 18:56 ` Mike Hearn
2015-01-11 9:16 ` odinn
2015-01-09 13:26 ` Gregory Maxwell
2015-01-11 22:24 ` Peter Todd [this message]
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