📅 Original date posted:2019-04-04 📝 Original message:Somebody pointed out this ...

ZmnSCPxj [ARCHIVE] /

npub1g5z…ms3l

2023-06-07 18:17:33

in reply to nevent1q…e8fp

📅 Original date posted:2019-04-04
📝 Original message:Somebody pointed out this to me:

https://gavintech.blogspot.com/2014/06/bit-thereum.html

I have updated the page accordingly.

One thing that seems not mentioned in bit-thereum is the "as long as everybody agrees" escape hatch, i.e. one branch which allows spending to anything (including a transaction that violates the letter of the contract) as long as all participants agree.
This is gives my newer mechanism the ability to "fix" buggy contracts if everybody involved can agree to the terms of a new contract, by simply abandoning the existing contract and spending to the new contract.

Regards,
ZmnSCPxj

Sent with ProtonMail Secure Email.

‐‐‐‐‐‐‐ Original Message ‐‐‐‐‐‐‐
On Thursday, April 4, 2019 9:55 AM, ZmnSCPxj via bitcoin-dev <bitcoin-dev at lists.linuxfoundation.org> wrote:

> https://zmnscpxj.github.io/bitcoin/unchained.html
>
> Smart contracts have traditionally been implemented as part of the consensus rules of some blokchain. Often this means creating a new blockchain, or at least a sidechain to an existing blockchain. This writeup proposes an alternative method without launching a separate blockchain or sidechain, while achieving security similar to federated sidechains and additional benefits to privacy and smart-contract-patching.
>
> bitcoin-dev mailing list
> bitcoin-dev at lists.linuxfoundation.org
> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev

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npub1g5zswf6y48f7fy90jf3tlcuwdmjn8znhzaa4vkmtxaeskca8hpss23ms3l

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2023-06-07 18:17:33

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