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Escrow is a valuable instrument, but there fees charged for it today is unwarranted. In the future, escrows will be handled by smart contacts for a lot cheaper

• JoshTriplett 9y ago
  > Escrow is a valuable instrument, but there fees charged for it today is unwarranted. Agreed. > In the future, escrows will be handled by smart contacts for a lot cheaper, not people. Seems exceptionally unlikely. That doesn't work unless all the infrastructure they interface with all uses the same underlying resolution system; otherwise, someone has to provide a bridge, and that makes the "smart" contract effectively toothless. Half the job of escrow is to deal with a giant pile of legacy systems. > As for property manager, with the surfeit of online tools for everything from listing, screening tenants to rent payment, their value is significantly diminished "property manager as a service" seems like a fine concept, but there will still be many people who do not want to do that work themselves. By all means, be a "virtual" organization, but someone still needs to have a rolodex of repair services to call when someone needs their air conditioning fixed in the middle of the summer.