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This capacity exists, it’s called a dead mans switch. There are many ETH smart contracts which do this.
by dannyw 8y ago
This capacity exists, it’s called a dead mans switch. There are many ETH smart contracts which do this.
- cma 8y agoA small typo can throw all the money in the trash, while a typo in a real contract can be fixed by a court based on other evidence.
- erikpukinskis 8y agoNo, there is no legal difference. A small typo in a crypto contract does not entitle the beneficiary to the funds. Your access to restitution through the courts is exactly the same.
- gizmo686 8y agoWhat beneficiary?
- erikpukinskis 8y agoThe thief.
- gamblor956 8y agoA small typo in a crypto contract would not entitle the beneficiary to the funds...but a typo in a legal contract would, if sufficient other evidence of the true intent of the contract is available. That was the whole point of the comment you were replying to. Legal real-world contracts are simply better for the scenario described.
- erikpukinskis 8y agoA typo implies there is no intent.