Hi everyone. As a topic for this month's meeting I was thinking we could tackle something that is right at the top of this year's new features in Bitcoin. It is something called "multi-sig" and will have huge implications for businesses and even family usage. Many are saying that this is the year of the multi-sig.
So what is a multi-sig? It is a transaction that requires multiple signatures in order to be able to spend the Bitcoin. It is operational on a few wallets but is still in its infancy. Any business where multiple people have access to the money receipts would likely want to have the spends out of the company account require multiple signatures. Visit this link and watch the short video that covers about what we could do at the meeting ... http://vimeo.com/96983886.
I'll have an online version of Bitcoin Armory ready for our use (maybe on the network so everyone can have their own test copy) but if anyone wants to you can bring a laptop with the offline version of Armory installed and we can move some small transactions around using multi-sig that way too (you don't need to download the blockchain for the offline version). The multi-sig wallet version is in alpha so it isn't anything you want to put any serious money into yet but it won't belong before multi-sig is the usual.
James D'Angelo has a very good video also. Part 1 is at http://www.youtube.com/watch?v=zIbUSaZBJgU. He starts with some really simple explanations and possible uses but also gets right into coding them. We probably won't be doing any coding at the meeting because we will have the Armory Wallet but this video is excellent for background info anyway.
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I look forward to seeing you all here!