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Or perhaps if you want mutable contracts based on intent, you could use one of the 253 legal systems that already provide you with that.

swalsh 10y ago
There's boatloads of value in a decentralized block chain approach to legal organizations.... What's amazing here is the ethereal guys are forging new territory for truly global and potentially leaderless commerce. What's unfortunate is that it's taking the form of a dystopia. Instead of realizing that humans are a factor of the equation, and people doing business in God faith... We're entering a ruthless period where anything goes, and because it's all anonymous no one feels bad about it. There's crazy potential in the ideas here, but it's way too Wild West.
- aakilfernandes 10y ago
  If you want the benefits of a blockchain without the Wild West stuff, why not set up a private chain with an "approver" instead of miners? I'm sure many companies interested in Ethereum are going this route.
  - kang 10y ago
    Private/Federated blockchains are just applied cryptography, which is not the same as the technology behind bitcoin; blockchain & proof-of-work.
    - aakilfernandes 10y ago
      Agreed. I think the ship has sailed on the term "blockchain" and it no longer requires decentralization. It means a signed transaction log which can't be secretly forged. Not as sexy as bitcoin, but language is fluid and I think the definition has shifted.
      - kang 10y ago
        > "which can't be secretly forged" Not possible without proof-of-work
        aakilfernandes 10y ago
        Sure it is. If all blocks are relayed to all participants, theyll have a record of whenever theres an attempt to change the block history. All they need to do is show two coflicting blocks signed by the "approver"
        kang 10y ago
        How was this not possible earlier?
- a3camero 10y ago
  Although it's a bit unfair to judge an entire software system by the actions of a handful of people. Although many people may have bought into The DAO, it's still software made and marketed by a small group of individuals.
Shorel 10y ago
Well, I for one welcome our programmable judges.

swalsh 10y ago

There's boatloads of value in a decentralized block chain approach to legal organizations.... What's amazing here is the ethereal guys are forging new territory for truly global and potentially leaderless commerce. What's unfortunate is that it's taking the form of a dystopia. Instead of realizing that humans are a factor of the equation, and people doing business in God faith... We're entering a ruthless period where anything goes, and because it's all anonymous no one feels bad about it. There's crazy potential in the ideas here, but it's way too Wild West.

aakilfernandes 10y ago
If you want the benefits of a blockchain without the Wild West stuff, why not set up a private chain with an "approver" instead of miners? I'm sure many companies interested in Ethereum are going this route.
- kang 10y ago
  Private/Federated blockchains are just applied cryptography, which is not the same as the technology behind bitcoin; blockchain & proof-of-work.
  - aakilfernandes 10y ago
    Agreed. I think the ship has sailed on the term "blockchain" and it no longer requires decentralization. It means a signed transaction log which can't be secretly forged. Not as sexy as bitcoin, but language is fluid and I think the definition has shifted.
    - kang 10y ago
      > "which can't be secretly forged" Not possible without proof-of-work
      - aakilfernandes 10y ago
        Sure it is. If all blocks are relayed to all participants, theyll have a record of whenever theres an attempt to change the block history. All they need to do is show two coflicting blocks signed by the "approver"
        kang 10y ago
        How was this not possible earlier?
a3camero 10y ago
Although it's a bit unfair to judge an entire software system by the actions of a handful of people. Although many people may have bought into The DAO, it's still software made and marketed by a small group of individuals.

Shorel 10y ago

Well, I for one welcome our programmable judges.