18 Sep '12, 6pm

Exotic Transaction Types with Bitcoin

Exotic Transaction Types with Bitcoin

The future of Bitcoin: new applications and rebuilding the banking system has been making the rounds. The talk hails from the Bitcoin 2012 conference last weekend in London. In it, BitcoinJ author Mike Hearn discusses some of the shortcomings of both Bitcoin and the standard banking model and how the Bitcoin protocol can be modified (or in some cases already includes the basic framework) to include exotic new transaction types to solve both Bitcoin's woes and the woes of the traditional model. Hearn sees many of these transaction types in our mid-to-long term future (5 to 10 years) though he stresses that everything in the talk is implementable today by any reasonably skilled programmer. In today's post we'll briefly discuss each of these transaction types and find out which ones you want to see implemented first.

Full article: http://codinginmysleep.com/exotic-transaction-types-with-...

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