4 ms·

The long-term value of crypto will likely come from use cases made possible by auditable smart contracts that are administered on decentralized databases and ru

The long-term value of crypto will likely come from use cases made possible by auditable smart contracts that are administered on decentralized databases and run at perfect fidelity, facilitating the efficient flow of information through multiple types of systems (logistics, finance, etc) at a refresh rate / granularity that will be orders of magnitude faster / more detailed than the current status quo. In the meantime it'll be fun to say snarky things about shitcoins, no question about it, but the tech does have some pretty exciting potential.

castlecrasher2 8y ago
>but the tech does have some pretty exciting potential And some terrifying consequences for bugs. Or administrative errors with contracts, or non-binding contracts that you'll need a traditional court to sort out anyway.
- codehalo 8y ago
  > And some terrifying consequences for bugs As all important software (aircraft, medical, financial) do.
  - rspeer 8y ago
    Those industries have stringent regulations on them. When an aircraft has a bug, there is a federal investigation.
lottin 8y ago
These smart contracts people keep talking about, maybe one day they'll amount to something, but so far I don't know anyone who uses smart contracts, or who wants to use them, or who even knows what they are or what they do.