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Quite. This is a live topic for me. Wiser heads pointed me toward https://medium.com/@jimmysong/the-truth-about-smart-contracts-ae825271811f https://medium.c
by hardlianotion 8y ago
Quite. This is a live topic for me. Wiser heads pointed me toward
https://medium.com/@jimmysong/the-truth-about-smart-contracts-ae825271811f https://medium.com/@jimmysong/the-truth-about-smart-contract...
when I had my own blockchain moment. I think that immutability and lack of human judgement limit the usefulness of these things. And of course, not everything needs decentralised.
- vec 8y agoIt's worse than that because immutability and lack of human judgement is also the killer feature that smart contracts offer over good old fashioned paper contracts and binding arbitration agreements. Any attempt to make maintaining smart contracts manageable is almost by definition going to undercut one of the main rationales for wanting to use them in the first place.