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The "smart contract" is still reacting to things in the real world. It's not going to magically cause the stock market to not fail. And, as we've seen, they are
by s73ver_ 9y ago
The "smart contract" is still reacting to things in the real world. It's not going to magically cause the stock market to not fail. And, as we've seen, they are vulnerable to hacking.
- staunch 9y agoIt doesn't magically solve all problems, just the most important one. Trust.
- s73ver_ 9y agoHow?
- staunch 9y agoYou don't have to trust anyone with access to your pension not to steal from it, because no one has access to it. The promise that is your pension would be cryptographically enshrined in a blockchain, with full transparency.
- s73ver_ 9y agoThat's... that's not really true. For one, we've already seen how these "smart contracts" can be hacked. I can almost guarantee that they will put something in them that will allow them to take the stuff back. And that hasn't really explained how the funding would be there.