Post
Topic
Board Development & Technical Discussion
Merits 1 from 1 user
Re: Why don't we have bitcoin smart contract?
by
Tramirostronix
on 05/12/2019, 10:30:10 UTC
⭐ Merited by CristianOff (1)
Don't get me wrong, I love those solutions but as a very low-end Bitcoiner, I would be far from confident enough to attempt those scripts, much less hope the same for someone else I intend to pass my inheritance to. I consider myself the highest level technical knowledge you could possibly expect from a mainstream user:

even if you were high-end expert you still shouldn't have to be using scripts that you write by hand. there should always be a user friendly tool where it takes the inputs needed for creation of the script and then returns the  final transaction. for example to use the escrow (m of n multisig) script you can use the user friendly wallet called Electrum where you just import your master keys and m, the wallet does everything else.

otherwise it would not only take a lot of time but also you may easily make a lot of mistakes. for example  as an experiment and also to answer a question i recently created a script using OP_CLV and send some funds to it on testnet and then spent them. the whole thing took me about 1.5 hours and i messed up the first time and lost the first coins, they are now locked forever!!! here is the link: https://bitcointalk.org/index.php?topic=5205451.msg53211121#msg53211121


And of course if you don't understand something or are afraid, you will not use it. Cryptocurrencies need to be easy to use if we want to get an adopation....
Thanks for the other link too Smiley