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You can save the cost of Kickstarter by removing the value Kick-start adds. You get a smart contract that can't be executed because no one decides if the projec
by fjsolwmv 9y ago
You can save the cost of Kickstarter by removing the value Kick-start adds. You get a smart contract that can't be executed because no one decides if the project delivered properly. How is that an improvement?
- tom_mellior 9y ago> removing the value Kick-start adds What value? > no one decides if the project delivered properly Same as Kickstarter. They release the funds to the creator after a certain deadline, after which they do not get involved in deciding whether the project delivered. Which is what I wrote above. EDIT: I should add that I do very much agree with the general point you're not making: Smart contracts are only smart inside the closed world of the computer system running them; they don't magically know things about the "real world", and they cannot affect the "real world". I agree that many smart contract aficionados act as if they didn't understand this basic point. That's why I deliberately chose the Kickstarter example, which is also a system that does not make guarantees about the real world once payments have been made.