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Maybe I’m in my own bubble but do you really think the following contract is so complex that you need to hire auditors?: OP_IF <Alice’s pubkey> OP_Checks
by DINKDINK 8y ago
Maybe I’m in my own bubble but do you really think the following contract is so complex that you need to hire auditors?:
OP_IF
<Alice’s pubkey> OP_Checksig
OP_ELSE
“3 months” OP_CSV OP_DROP
<Heir’s pubkey> OP_Checksig
OP_ENDIF
Would you say that you need expensive programmers to audit/create an escrow contract on Bitcoin? Multisig contracts are simple, battletested and deployed in the blockchain.
- lmm 8y ago> Would you say that you need expensive programmers to audit/create an escrow contract on Bitcoin? Multisig contracts are simple, battletested and deployed in the blockchain. Given the number of high-profile smart-contract hacks we've seen, yes, you do need expensive programmers. (At least, to a greater extent than you need expensive lawyers. It's perfectly possible to write your own will without a lawyer, and frankly I'd have a lot more confidence in that than in my own smart contract, even as a programmer).
- DINKDINK 8y ago>Given the number of high-profile smart-contract hacks we've seen, yes, you do need expensive programmers. There have been no hacks of bitcoin multisig addresses. The hacks you're referring to are on ethereum because ethereum is a dumpster fire with a marketing team trying to con people into believing all number of unpractical solutions.