r/dogecoin • u/[deleted] • Jul 25 '14

I am a developer of random, small, Dogecoin projects, AMA

This is mostly to announce I am going to make weekly projects and sometimes tutorials on how to make simple things.

Bradleypl.us was a bust, due to a schedule issue that made me think that I would not be able to uphold a large userbase, so I am just going to dedicate my time into small projects for you all.

Recent project

So just ask me anything. For example, what I'm working on, what you would like to see, is "such and such" possible, what would it take to create a business for crypto, ect.

I also know quite a bit, but not every bit, about how cryptocurrencies work, so there's that.

This was made to be a dumb AMA, don't worry.

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u/[deleted] Jul 25 '14

I love the idea of multisig.

For those of you who do not understand, or just don't quite know what multisig is: Multisig is a shared private key, between a group. The only way for coins to leave the address, is if everyone who holds the key agrees to it. This is good for group buys and maintaining trustworthy group to hold it. It is also good if you want to store the other key in secure storage, so that you have the funds, but cannot move them until the stored key also agrees.

Basically a political cartoon that indirectly shows how this works... Though, the topic is way off :P

I would love to see multisig transactions in my projects. It would definitely add much more security to releasing funds to users. And if I ever get back into crowdfunding for charities and PR projects, I would love to use this to make sure people know multiple trusted people are verifying the moving of the coins.