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by Andys
5354 days ago
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A paypal-style site can create a new bitcoin account on behalf of the new user. Then the payer can transfer funds to it, using a transaction that requires signing with keys that only the payer knows and can pass to the payee directly. Bitcoin transactions can also have timeouts and have the inputs locked while the outputs are still floating. https://en.bitcoin.it/wiki/Contracts |
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