Ninjastic
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Board Announcements (Altcoins)
Re: [ANN]🚀🚀Merit🚀🚀[Proof-of-Growth][PoW]Vaults][Aliases][Escrow][No ICO]
by
KAMO287
on 05/09/2018, 16:26:43 UTC
Quote from: steener83 on September 05, 2018, 01:34:53 PM
Quote from: KAMO287 on September 04, 2018, 11:46:34 PM
Quote from: @scambuster on September 04, 2018, 11:41:00 PM
The Escrow Links seem like a really good idea.  (This is what is called MeritMoney on the website, yes?  Or is that something different.)

Can I ask how those are implemented?  How do you keep an on-blockchain escrow secure from prying hands?

Yes. The MeritMoney link will hold the MRT and the Invite in escrow until it is claimed. It can be canceled if never used or accidently sent etc...

When it comes to how, I'll have to let someone more technical chime in 👍. I can say , it works very well so far!

Yeah, I'd love to see someone on the Core team answer this question too.  To be honest, this seems like it could be the most "killer feature" of this currency.

I see how the growth-mining thing can get people excited.  I'm not the biggest fan of this because I am not very comfortable sharing things with my friends. 

But, I think that the idea of sending crypto like Paypal/Venmo/AliPay seems very interesting.  This feels like a big feature, but it's not clear to me how it's implemented and how decentralized it is.

I was able to catch one of them on Discord - and in simple terms - the MeritMoney and MeritInvite "escrow" links are decentralized and designed + scripted to act like a smart contract. Basically the funds or invites will sit out there for eternity if the end user never claims them OR if the transaction is never canceled.

To be honest. It's a huge feature and I have only used it a few times- In the wallet it has the option to send it to email, phone or just create a link - you can even add a password to protect it from getting used by the wrong person.

If anyone wants to see how this works, send me a PM - I am honestly wanting to test the password feature (never done that). I'll drop in some merit and an invite if you want to test it.

DONT go out and create a wallet/alias yet. The link is intended to be sent to someone who isnt a part of Merit. It would be cool to hear about the experience! PM me- I can email a link, text a link, or I can drop the link in bitcointalk PM .

Thanks for letting me be curious  Cool