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The other funny thing is the common misconception that Bitcoin does not have smart contracts. Bitcoin transactions are actually pretty programmable. You can hav
by grubles 7y ago
The other funny thing is the common misconception that Bitcoin does not have smart contracts. Bitcoin transactions are actually pretty programmable. You can have a coin be unspendable until a certain date, or have it require n cosigners to be spent, or have it become spendable only once a secret is revealed which matches a hash.
Bitcoin most definitely has smart contracts.
- saurik 7y agoThis is true in the same sense that grep is extremely programmable, but comparing grep to C would be strange indeed. Ethereum is a Turing complete VM, allowing you to build extremely complex systems (we, for example, are trying to build a more transparent and distributed directory for a Tor-like service), while Bitcoin lets you sort of control transactions a bit with what amount to something closer to "rules" than "programs" (due to the explicit lack of looping control structure).