Robinhood Crypto – Invest in Bitcoin and other cryptocurrencies

Re:Robinhood Crypto – Invest in Bitcoin and other cryptocurr... by jessaustin on Thursday January 25, 2018 @05:29PM (#16235323)

I don't know much about ETH, but would it be possible to write a contract using an escrow concept? I.e., there would be a wallet that eventually would pay out to one party in one circumstance, and to some other party in some other circumstance. (If you want to get complicated, it could even blend payouts among multiple parties.) We wouldn't have to trust you not to get hit by a bus, because the value wouldn't be in your wallet.

If they went to the work of creating digital contracts and didn't consider escrow, that seems to be a fairly significant omission.

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Re:Robinhood Crypto – Invest in Bitcoin and other cryptocurr... by Retric on Thursday January 25, 2018 @06:03PM (#16235573)

If the value is not in my wallet then how do I get cash to pay for a house etc.

Escrow accounts are fine if I am doing contracting work, but that are not a loan.

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Re:Robinhood Crypto – Invest in Bitcoin and other cryptocurr... by jessaustin on Thursday January 25, 2018 @07:01PM (#16235941)

Ah, ok, I think now I better understand the point you made above. I can accept that value per se is only created by one or more parties, but the coin itself can make it easier for them to do so profitably.

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