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>It definitely makes them more automatic, but making these contracts more automatic is basically "meh" on the innovation scale. I don't know, sufficient automa
by solveit 8y ago
>It definitely makes them more automatic, but making these contracts more automatic is basically "meh" on the innovation scale.
I don't know, sufficient automation allows for millions of contracts a second, all automatically generated, many relying on layers and layers of hundreds of other automated contracts being executed in real-time.
That is, the difference could be as drastic as between computation algorithms for pen-and-paper, and the Internet as we know it now. Will it? No idea, but I think writing contract automation off as 'meh' is as shortsighted as thinking the Internet is basically a faster postal service that can't deliver packages.
- pjc50 8y agoThat gives you the potential for a Knight-Ridder style automated trading disaster, but without the ability to turn it off or revert it.