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Send BTC by email (or any other semi-secure text channel). Would be limited to small amounts.
(1) sender would initiate transfer to escrow/holding account (requires Server Mode #4)
(2) recipient would receive notification of funds pending receipt with a customized (very) high-entropy URL
(3) access to the URL would trigger an optimized sign-up flow whereby the recipient was immediately taken into a new wallet and prompted to save the generated MPK - this would need to be re-entrant, i.e. if the recipient failed to write down the MPK, clicking the URL a second time would need to bring him into the wallet without prompting for the MPK
(4) on first activation of the URL (and/or on confirmation by the recipient that MPK is secure), funds are moved from escrow/holding to the recipient wallet.
Many edge cases to consider.
The text was updated successfully, but these errors were encountered:
Send BTC by email (or any other semi-secure text channel). Would be limited to small amounts.
Many edge cases to consider.
The text was updated successfully, but these errors were encountered: