Comment by qeternity
4 years ago
> replace money
Uh what?
> programmatic agreement enforcement
If writing logic were this easy, we wouldn't need the court system.
> creating financial assets that can't be controlled
I'm quite libertarian but again, not sure this is a feature.
> incentivizing things that need incentivizing and all that
Otherwise broadly known as a "marketplace"
Well the idea behind bitcoin and what not is to use it as money. You might not think it fits the bill but that's the idea, and I think it's a good idea, whether or not execution in it's current state is sufficient.
We have a court system primarily because it was the most efficient way before. It is older than computers, it exists because there was no other way, not because writing logic is hard, although it is. But there's a trade off, if we assume you can never write logic to handle laws then you accept that you will always create a position of power from which law can be abused.
Why isn't it a feature?
Yeah, a marketplace.