Show HN: Stackoverflow on Bitcoin
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Show HN: Stackoverflow on Bitcoin
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Re: Show HN: Stackoverflow on Bitcoin
#2So I'm a little confused. You don't hold the bitcoins deposited into the question? Where do you they go?
Re: Show HN: Stackoverflow on Bitcoin
#3So I'm a little confused. You don't hold the bitcoins deposited into the question? Where do you they go?
The bitcoins are locked on the blockchain and can only be released when both the site and the depositor sign the transaction. The depositor signs the transaction with a payment password which is not stored anywhere (we only generate a seed from it) and is created before he deposits anything.