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Show HN: Stackoverflow on Bitcoin (synapsi.com)
15 points by makulia 3863 days ago
1 comments
brokenmusic 3863 days ago
So I'm a little confused. You don't hold the bitcoins deposited into the question? Where do you they go?
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makulia 3863 days ago
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.
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