0
Is there an obvious way that I can achive the following with Bitcoin?
- An organizer sets a goal: an amount of bitcoins must be gathered within a specific amount of time
- Random pledgers send an amount within specified boundaries (min/max amounts).
- If the goal is reached within the specified amount of time, the organizer collects the pledges
- If the goal is not reached within the specified amount of time, the pledges are returned to the pledgers
AFAIU the above model is similar to Mike Hearn's LightHouse project, however I cannot use this great platform for my project and on top of that I would like to be sure that I'm headed in the right direction, so any ideas and alternatives on how to achieve the above are more than welcome.
Why can't you use LightHouse, out of curiosity? – morsecoder – 2015-03-17T12:48:55.100
@StephenM347 because of this: http://bitcoin.stackexchange.com/questions/36003/why-are-lighthouse-campaigns-limited-to-684-pledges
– Doug Peters – 2015-03-17T14:21:37.230I see. Unfortunately, I suspect any solution you find will have the same limitations, though. Maybe you could do some sort of a multi-transaction fundraiser, where people commit to the latest transaction first all the way up to the first transaction (in the series of broadcasts) to get around the single transaction size limit and still be able to have multiple parties submit funds. – morsecoder – 2015-03-17T17:31:39.597