[BIP draft] Flexible Offer and Acceptance Smart Contract

[BIP draft] Flexible Offer and Acceptance Smart Contract
From: Michael Ruddy @ 2015-07-05  2:30 UTC (permalink / raw)
  To: bitcoin-dev

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I first submitted this idea as an example usage for BIP65.
The feedback was that this might be large enough to be a BIP on its own.
So, I'm submitting here for review and feedback.

In short, this informational BIP describes two Bitcoin script constructs
that utilize the CHECKLOCKTIMEVERIFY opcode to create a smart contract that
allows a specific offer, with flexible expiration time, to be presented and
either accepted (optionally into escrow), or withdrawn/rejected.

The BIP draft can be found at:


https://github.com/mruddy/bips/blob/bip-xx-offer-accept-escrow/bip-offer-accept-escrow.mediawiki

An small example usage implementation can be found at:

  https://github.com/mruddy/flexpiration


- Michael Ruddy

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