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I was thinking of serious business contracts, and for ongoing relations, like Firm A agrees to deliver 1,000 widgets every month to firm B. If you talk to an ex
by woodandsteel 9y ago
I was thinking of serious business contracts, and for ongoing relations, like Firm A agrees to deliver 1,000 widgets every month to firm B. If you talk to an experienced business person, they will have a hundred stories about how something unexpected happened in such cases, or large, complex business deals.
>There are thousands of standardized contracts that are signed by thousands of people and only a small percentage of them end up in conflict.
That's because, as I explain, when something happens the contract did not anticipate, the involved parties almost always work things out informally
For simple things done in large numbers, smart contracts might makes sense. Except if many people are using the same contract, it is more attractive to hackers to try to find a bug.