The idea of smart contracts or world computer is flawed. A better term would be a scripted financial transaction. They can be done in a trusted environment, but

The idea of smart contracts or world computer is flawed. A better term would be a scripted financial transaction. They can be done in a trusted environment, but there are a lot of benefits of having a public cryptography secured ledger. Though the article author omits it, EOS mainnet runs on LLVM and WASM contracts and executes about 1000tx/s today. A more powerful financial VM is needed e.g. for on-chain order books. More about use cases vs. databases can be found in my article https://tokenmarket.net/news/opinion/capital-markets-upcoming-token-disruption/ https://tokenmarket.net/news/opinion/capital-markets-upcomin...