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Smart contracts should not be compared with traditional contracts. They have very little to do with each other and it's an unfortunate name that even Vitalik hi
by Kiro 8y ago
Smart contracts should not be compared with traditional contracts. They have very little to do with each other and it's an unfortunate name that even Vitalik himself regrets. They are just persistent scripts that run in parallell on a decentralised network. Using them for legal systems is a very niche use case.
- chrisco255 8y agoYeah, this. They can be used to replace some legal agreements. They can be used as a replacement for escrow. But that is a small slice of the capabilities of smart contracts.
- notsofastbuddy 8y agoI don't know why this is downvoted, it's completely accurate. Source: [0] [0]: twitter.com/vitalikbuterin/status/1051160932699770882
- woah 8y agoIt's downvoted because blockchains are evil