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Don't you think that "no buyer protection" is just heading too far in the opposite direction?

Especially with callmeed's post[1] above...

[1]http://news.ycombinator.com/item?id=4730281



With bitcoin you can do some surprisingly complex things. Such as move money into a fund that the other people can verify are there, which only pays out on a trigger condition.


An escrow account? :)


Yes, but totally verifiable and automated. Which means less trust than a regular escrow account.


What triggers it being paid? Surely that part can't be automated, someone (or combination of someones) has to have power to say pay/don't pay.


Where's the best place to learn more about this?


https://en.bitcoin.it/wiki/Contracts would be a starting point.




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