On Sat, Apr 26, 2014 at 08:07:58PM +0200, Mike Hearn wrote: > What stops the buyer just always waiting to get their money back?
The seller won't hand over the goods of course until they have a valid transaction signed by the buyer sending them the escrowed funds. (and the nLockTime deadline is sufficiently far away that the probability of not being able to get the transaction mined in time is low) Note how the mechanism I'm proposing is basically just a Jeremy Spilman-style micropayment channel(1) used for a single payment; I should have made that clear in my original post. 1) http://www.mail-archive.com/bitcoin-development%40lists.sourceforge.net/msg02028.html -- 'peter'[:-1]@petertodd.org 000000000000000069ea3b64f8b627bc81c8981ce80e95edf81cd356ad04e1a0
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