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It wouldn't. The smart contract would just wait for payment and the control server would watch for payments. the victim would still have to trust that this pro
by vmception 6y ago
It wouldn't.
The smart contract would just wait for payment and the control server would watch for payments. the victim would still have to trust that this process was in place, but for operator can have it completely automated
doesn't actually have to be a smart contract, just any address essentially. but a smart contract could allow for many more features, not sure if you'd really want that here
- closeparen 6y agoI'm imagining that "keep this value secret until payment is made" could be handled entirely on the blockchain, so that there is no C&C to shut down. But I'm not actually that familiar with the capabilities and limitations of smart contracts.
- vmception 6y agoah okay, Secrets (formerly Enigma) is a crypto-payments smart-contracts technology to look into for this. Otherwise you run into the problem of everything being stored onchain and visible or there would always have to be some oracle system that has the secret. I'm not sure if Secrets solves this use case, their main thing is storing secrets in the encrypted-key co-processors client side, but they might have other offerings.