"Customers/buyers
Get Electrum 2.0 www.electrum.org/#download
Run Electrum.
Select Create New Wallet and multi-signature wallet, then proceed. If
you already have a default wallet, File>New/Restore.
Select 2 of 3 on next screen, then proceed.
You will find your seed generated. Copy it to your clipboard and a text file then #fuckingwriteitdown.
click next, then paste that same seed onto the next screen. Hit next.
Create a password. Don’t skip this step, the password is required to keep your end secure and release funds. Click next.
Copy your master public key, and share it with the market and vendor. Take care not to share your seed or password.
Gather the two master public keys, one from the market, one from the vendor. Paste them each, order doesn’t matter. Next.
“Select Server Manually”, then config to route through Tor. Tor Browser Bundle must be running for this to work.
SSL, SOCKS5, localhost, port 9050
Light in bottom right corner will turn from red to green when connected.
On the receive tab, note that all the addresses start with 3, instead
of one. This signifies they are indeed multisig addresses.
You are responsible for funding the correct amount of bitcoins to an
address on this wallet. Remember, any funds transfered there can’t be
transfered back without without 2 of 3 consensus. Be careful to send the
correct amount. After this is done, your work is done until it’s time
to finalize the transaction (which you will do in a timely manner, as
you are not a little bitch).
Vendors it’s your turn!
Generate your Master Public Key
Get Electrum 2.0 www.electrum.org/#download
Run Electrum.
Select Create New Wallet and multi-signature wallet, then proceed. If
you already have a default wallet, File>New/Restore.
Select 2 of 3 on next screen, then proceed.
You will find your seed generated. Copy it to your clipboard and a text file then #fuckingwriteitdown.
click next, then paste that same seed onto the next screen. Hit next.
Create a password. Don’t skip this step, it is for your security. Click next.
Copy your master public key, and share it on your market profile. Take care not to share your seed or password.
end the creation, you will not be making a wallet at this time. This is done by deleting the wallet file.
To open your end of a wallet created by a customer/buyer (this is for each order).
File>New/Restore, name the file.
Select “Restore a wallet or import keys” and “multi-signature wallet”. next screen, 2 of 3. next.
Paste your previous generated master public key.
Gather the two master public keys, one from the market, one from the buyer. Paste them each, order doesn’t matter. Next.
Verify the correct funds are present.
You are responsible for creating two transactions. One is to pay the
market their previously agreed upon share. The other is to pay yourself
the rest to the correct bitcoin address. You won’t be able to complete
these, but you will generate the text needed for the customer or market
to sign off on these transactions. These will be exported as .txn text
files, which you can then copy and share the contents to the market
message system, for the buyer or market to fully sign the transaction.
Click the send tab
enter correct address, and amount, then click send.
Agree to the fee.
Provide your password.
save the file. repeat for each transaction, ideally the markets small share first.
Open the files in a text editor, and share on the markets message system.
Wait to get paid once the buyer receives their package.
Finalizing
Open the correct multisig wallet. Nothing will work unless you are in the right wallet.
Tools>Load Transaction>From Text
Copy paste each transaction (one at a time), starting with paying the market first.
It should load up a small window, giving signing as an option. Make
sure all the details look correct before you sign!!!!!!!!
Repeat for vendors transaction.
Congratulations! The transaction is complete!
Disputing
Weather
it’s the vendor or buyer disputing, they are responsible for providing a
return address. The market is responsible for generating the
transaction text. The winner of the dispute is responsible for
signing/finalizing the transactions and making sure the the coins are
going to the right address."
https://www.deepdotweb.com/2015/03/21/multi-signature-transactions-electrum-2-0/
No comments:
Post a Comment