[Bitcoin-development] Multisign payment protocol?

Mike Hearn mike at plan99.net
Wed Mar 12 16:41:33 UTC 2014


>
> Partially signed and multisig transactions within bitcoind go through
> the raw transaction API, which does absolutely nothing if the sig
> pushes the TX to a higher fee level.


Well, we'll have to make sure this is carefully and loudly documented in
the new developer part of the website that's being worked on. Because this
seems like a recipe for people writing flaky apps. In practice it would
seem like you need to implement the fee loop in your own app:

1) Create tx with an estimated fee level
2) Add signatures
3) Submit. If REJECT for too low fees, increment, go to 1 and try again.
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