tjaervon Hacker News • Recommends
On “Ask HN: Why would a government have created bitcoin?”
Indeed. Mike Hearn's talk at Bitcoin 2012 is a great overview of all that: link to this video All these goodies just waiting in there to come out and play.
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#bitcoin#smartcontracts#bitcoinscripting
Bitcoin 2012 London: Mike Hearn
Independent POV
169K subscribers • 1 video on Hallway
- Recommended by 6 people: 6 on Hacker News.
- Presented by Mike Hearn, Bitcoin developer
Intermediate. Assumes working knowledge.
79K views14 years ago6 recommendations
Distributed systemsHistory and cultureCryptographyHistory of computingNetworking and protocols
Mike Hearn explains the dormant scripting and contract capabilities built into the Bitcoin protocol at the 2012 London Bitcoin Conference.
Mike Hearn discusses "The future of Bitcoin: new applications and rebuilding the banking system" at the London Bitcoin Conference 2012. Sign up to our newsletter and be the first to hear about upcoming releases mailchi.mp/d3065996922a/independentpov Become a Patreon supporter and gain early access to the documentaries, the extras and be a part of the projects as they develop: patreon.com/independentdocumentaryWhy it's here
6 people recommend thisWhat people say. Recommended as an excellent overview of Bitcoin's built-in scripting language and smart contract capabilities.
tlrobinsonon Hacker News • Recommends
On “Bitcoin – The Internet of Money”
Yes, this is the most exciting part of Bitcoin, IMHO. It's quite amazing what sort of problems you can solve. I highly recommend watching this talk by Mike Hearn, as well as reading the links in NhanH's comment: link to this video
mesmon Hacker News • Recommends
On “Bitcoin Is Fundamentally Flawed”
Mike Hearn has talked some on how you could use existing functionality in the bitcoin protocol to issue loans. Around 25:50 he talks about ripple + bitcoin which is a practical autonomous lending system. A little bit simpler than the smart property way which is pretty deep down in the protocol. link to this video
busson Hacker News • Recommends
On “How the Bitcoin protocol actually works”
The scripting language is the reason I'm betting on bitcoin in the long run. The scripting language lets you do so many interesting things with it (escrow, wills, and surely lots of things I can't envision). Check out this video about bitcoin contracts which talks about the scripting language: link to this video Unfortunately, if I understand correctly, non-standard transactions are not accepted by most miners currently, which means the interesting things in the previously linked contracts video wouldn't work. This should improve over time as new transactions are proposed and added to the list of standard transactions. The bitcointalk forums, while having a lot of noise, also has interesting discussion…
jasdeepsinghon Hacker News • Recommends
On “Ask HN: Sick of your bank? Want to build a open source, non-profit, online bank?”
…etc. The idea & support for transactions like borrowing, lending, escrow and likely all other transaction types that you can think of are already built into Bitcoin & it's design. They are just not being used as of today. Infact, I would say it's safer to carry out such transactions using Crypto currencies than with a Bank. Please see this video: link to this video Satoshi was clever enough to think of all use-cases and he made sure that the design & eco-system would be solid enough to replace centuries old incumbents like Banks. The features are just sitting and hiding there in the protocol to be made use of when there is enough traction & momentum.…
bachbackon Hacker News • Recommends
On “Bitcoin Developer Guide”
Mike's great 2012 talk 1. Unfortunately 2 years later, we're not much further in those developments. Bitcoin has severe limitations, also because it has now a legacy to support. New projects can start with a fresh design. So far we've only seen very few new approaches. While many Bitcoiners realize the imperfections of the system, very few actually think there could be something better. 1 link to this video
tlrobinsonon Hacker News • Mentions
On “Bitcoin Falls 20% on PBOC Rumors, Chinese Exchanges Reinstate Fees”
…variety of transactions 23 with zero or minimal counterparty risk. However, it's certainly possible we're shooting ourselves in the foot by growing too quickly and unleashing the wrath of banks and governments before any killer applications are built, but if these ideas are compelling enough they'll survive in some form. 1. link 2. link 3. link to this video More reading for the curious: link link link link link…
alwillison Hacker News • Mentions
On “Cryptocontracts Will Turn Contract Law Into a Programming Language”
…Bitcoin protocol. A lot of that functionality is currently dormant, (remember, the reference Bitcoin-Qt client is still hasn't reached version 1.0) it's likely to get enabled once other issues within Bitcoin are resolved. Also, there's been a lot of thought put into these concepts already: Mike Hearn's talk at the Bitcoin 2012 London conference ( link to this video ) on Contracts, Smart property, etc. Bitcoin wiki entries on Contracts ( link ), Smart property ( link ) and Agents ( link ) Nick Szabo's seminal paper Formalizing and Securing Relationships on Public Networks ( link ) Ripple Labs ( link ) is working on contracts too.…