591 karma · joined October 22, 2012
Coder at https://sideshift.ai Blog at https://shitcoin.com
Email: andreas@brekken.com Twitter: @abrkn
[ my public key: https://keybase.io/abrkn; my proof: https://keybase.io/abrkn/sigs/f4QR_yPVz52MnXuSSSv6Vz9MWWTJFAohJUqUdw7UEyc ]
I'm the author
https://github.com/bitcoin/bitcoin/commits/master?author=gma...
[1] https://www.nytimes.com/2017/07/18/business/dealbook/hansa-m...
I've devoted my life to cryptocurrency since 2011 and still question whether or not this system even makes sense. It seems too expensive with the technology we have today. Once privacy, such as zk-SNARK, is added, it becomes unreasonable.
Perhaps this is what a bubble looks like. I wasn't there for the dotcom boom. Loss of critical thinking.
In Bitcoin, if you have an input of 100 BTC and make a transaction with a single output of 20 BTC, the remaining 80 BTC are kept by the miner. There's no wallet software that would let you do this.
It's like paying a $20 check with a $100 bill and saying "keep the change."