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Right, I wasn't really proposing that people should restrict themselves to 10 proven correct ones. It was mainly meant as an existence proof. I believe that pe
by drdeca 9y ago
Right, I wasn't really proposing that people should restrict themselves to 10 proven correct ones. It was mainly meant as an existence proof.
I believe that people have made formally verified (trivial?) contracts (based on the spec of the vm iirc? Not sure), but I don't remember anything about a formally verified contract being used in practice. People definitely are making progress on the formal verification front (building foundations/infrastructure/etc.) but they aren't really there yet. ("There" being, ready for widespread use, and in widespread use)
I don't really understand why people buy into many of these ICOs. I mean, I'm somewhat enthusiastic about "smart contracts", but I don't actually own any cryptocurrency.
I don't mean to say that I think all ICOs are bad, but given the number that are failing, I find it hard to imagine that the people buying into them are doing enough research into them before buying for it to make sense.
Also, I don't understand why people aren't building contracts on top of a contract layer that handles arbitration for reversing fraudulent transactions yet? I thought that would have been built by now.
- mannykannot 9y agoI appreciate the reality check! > Also, I don't understand why people aren't building contracts on top of a contract layer that handles arbitration for reversing fraudulent transactions yet? I thought that would have been built by now. Ittay Eyal and Emin Gün Sirer have suggested at least a partial solution along those lines. I believe there is some opposition from those who consider the inviolability of transactions to be a non-negotiable feature of crypto currencies, as arbitration implies arbitrators, but this might be part of the future of smart contracts. http://hackingdistributed.com/2016/07/11/decentralized-escape-hatches-for-smart-contracts/ http://hackingdistributed.com/2016/07/11/decentralized-escap...