31–32 of 32 posts
Wow, this is superb educational content.[1] Is the author anonymous? 1. also https://curiosity-driven.org/low-level-bitcoin
For many, the flexibility of Bitcoin in terms of what sorts of scripts can be executed with transactions is much of the appeal. I'm of the opinion, however, that it represents Bitcoin's greatest weakness. In order for bitcoins to be useful for money, it must be possible to determine how many bitcoins I have, or, more exactly, how many I have available to spend. The fact that there is a language associated with bitcoi…
Even in it's current form, your grandma's wallet balance would resemble that of her BoA checking account, where the spendable amount would be a total of the easily-redeemable (Pay to pubkey hash) transactions. More complex transactions would show up in more advanced wallets (possibly separately), and that is the way it happens in the real world now. Say you hold an options contract or a bond on some stock exchange -…
It's really not that difficult.