Post
Topic
Board Bitcoin Discussion
Re: @RogerVer lets make a deal. At least 60k, my BTU for your BTC.
by
2586
on 22/03/2017, 04:09:54 UTC
Escrow wise, I would hope someone could come up with an atomic swap method.

I've been thinking about doing something similar, but on a much smaller scale.

For the swap, you should be able to use the taint method so that the BTCs and BTUs get to their proper destinations:

  • Before the fork, you each depsit 60k coins into a multisig address, for a total of 120k
  • After the fork happens, the escrow address will contain 120k BTC and 120k BTU
  • You obtain a properly split (non-replayable) BTC UTXO on the Core chain, and Roger obtains a properly split BTU UTXO on the BU chain
  • You send your BTC UTXO to the escrow address, and Roger does the same with his BTU UTXO (let's say they're 1 BTC/BTU each)
  • The escrow address now contains 120,001 BTC and 120,001 BTU
  • Create a multisig transaction that will send the original 120k BTC plus the 1 BTC TXO to an address you control, get it signed, and broadcast it to the Core network. This transaction will be unspendable on the BU chain, due to the 1 BTC TXO.
  • Create another multisig transaction that will send the original 120k BTU plus the 1 BTU TXO to an address Roger controls, get it signed, and broadcast it to the BU network.  This transaction will be unspendable on the Core chain, due to the 1 BTU TXO.