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The platform has more far reaching use-cases than being used to replace legal contracts, and written contracts can have "bugs" just as smart contracts can.
by hanniabu 8y ago
The platform has more far reaching use-cases than being used to replace legal contracts, and written contracts can have "bugs" just as smart contracts can.
- TomVDB 8y agoDo these far reaching use-cases matter in practice? > ... written contracts can have "bugs" just as smart contracts can. The onus on smart contracts is to come up with use cases where they are superior to written contract, not to find examples where they are equally flawed.
- hanniabu 8y agoThe purpose is to remove the middleman to have an autonomous outcome and by that they have succeeded. However, just as contracts have evolved over time after iterations have been found to have "bugs", I'm sure these will as well.
- root_axis 8y agoIt does not cut out middlemen it only renames them to "oracle".
- IggleSniggle 8y agoRight, but the bugs in written contracts can be negotiated in litigation
- chrisco255 8y agoLitigation can be an asset or a liability depending on which way it goes for you, of course. Double edged sword for sure.