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This is so cool. Hopefully the UX ends up avoiding the pitfalls suffered by PGP. I would love to ask clients to "sign here" on a blockchain-enforced contract b
by chrstphrhrt 11y ago
This is so cool. Hopefully the UX ends up avoiding the pitfalls suffered by PGP.
I would love to ask clients to "sign here" on a blockchain-enforced contract before they decide not to pay just because they feel like they can, despite perfect delivery to their own satisfaction.
- restalis 11y agoCan't they choose not to sign and just look for legally non-obliging alternatives? Etherium tries to sell just the idea of digitizing¹ the legal contracts, it won't fix the practice of the involved actors! ¹ Digitizing as conversion to digital but locally stored documents like they did with books doesn't do it with contracts, as these are more than information on paper, so the digitizing in this case had to address somehow also the contracts' functional part.
- chrstphrhrt 11y agoThis is true. I could be wrong, but aren't blockchain transactions publicly visible? I was thinking more along the lines of having contract breaches being publicly visible, which would motivate the more sociopathic egotists of the world to keep up appearances of fairness. Making it harder to just move to the next victim because a reputation could be built up. Edit: also bridging the gap between expensive lawsuits that end up not being worth it, or the temptation to publicly shame the bullies which is almost always tacky and never dispassionate.