Comment by woleium
7 days ago
i agree smart contracts are the way forward, but you don’t need crypto or blockchain to implement them. You do need a trusted third party, to adjudicate when things go wrong.
7 days ago
i agree smart contracts are the way forward, but you don’t need crypto or blockchain to implement them. You do need a trusted third party, to adjudicate when things go wrong.
We already have that. It's called courts.
Some people just ignore the courts, or delay them more or less indefinitely. This whole figure-it-out-after-the-fact-if-something-goes-wrong thing we're doing has a lot of opportunity for improvement.
I'm not saying smart contractors are more effective but they might be more accessible to the plebs than hiring a lawyer to prosecute your case.
Maybe if they're well regulated otherwise they'll just become another vehicle for corporations to take advantage of the same plebs.
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