Re: [bitcoin-dev] Post-mix(coinjoin) usage with multisig and cpfp in bitcoin core wallet

2020-05-26 Thread ZmnSCPxj via bitcoin-dev
Good morning Prayank, > 1. The spending tx of multisig can be decided earlier and all three can > review the outputs involved in it. All 3 txs involved in the system if we > consider only one mixer and not a chain will get confirmed in the same block > as we are using CPFP so child pays for

Re: [bitcoin-dev] Post-mix(coinjoin) usage with multisig and cpfp in bitcoin core wallet

2020-05-26 Thread Prayank via bitcoin-dev
Hello ZmnSCPxj, Thanks for your response. The spending tx of multisig can be decided earlier and all three can review the outputs involved in it. All 3 txs involved in the system if we consider only one mixer and not a chain will get confirmed in the same block as we are using CPFP so child

Re: [bitcoin-dev] Post-mix(coinjoin) usage with multisig and cpfp in bitcoin core wallet

2020-05-25 Thread ZmnSCPxj via bitcoin-dev
Good morning Prayank, > 1. Peer 1 doesn't need to be a trusted third party, it can be implemented in > a way that some peers involved in this system can provide liquidity for > others and incentives can be a small fee. It is not clear in the article, but you mention using a 2-of-3, and show 3

Re: [bitcoin-dev] Post-mix(coinjoin) usage with multisig and cpfp in bitcoin core wallet

2020-05-25 Thread prayank via bitcoin-dev
Hello ZmnSCPxj, Thanks for the feedback. 1. Peer 1 doesn't need to be a trusted third party, it can be implemented in a way that some peers involved in this system can provide liquidity for others and incentives can be a small fee. 2. Yes joinmarket is awesome and its payjoin will be

Re: [bitcoin-dev] Post-mix(coinjoin) usage with multisig and cpfp in bitcoin core wallet

2020-05-25 Thread ZmnSCPxj via bitcoin-dev
Good morning Prayank > I have explained the whole idea with a proof of concept in this link:  > https://medium.com/@prayankgahlot/post-mix-usage-using-multisig-and-cpfp-e6ce1fdd57a1 The article is not clear I think, so please confirm my understanding below. Participants: * "Peer 3" - Payee *

[bitcoin-dev] Post-mix(coinjoin) usage with multisig and cpfp in bitcoin core wallet

2020-05-24 Thread prayank via bitcoin-dev
I have explained the whole idea with a proof of concept in this link:  https://medium.com/@prayankgahlot/post-mix-usage-using-multisig-and-cpfp-e6ce1fdd57a1 Does it make sense to add such options in bitcoin core wallet and how is the overall idea once we have taproot because for now people can