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It saddens me that there are so many crooks in the world, and that many of them are technically proficient, and that the internet has turned into the perfect pl
by herodotus 7y ago
It saddens me that there are so many crooks in the world, and that many of them are technically proficient, and that the internet has turned into the perfect platform for crooks, liars, scumbags and cheats.
In 1994, a colleague and I, caught up in the excitement and promise of the Internet and HTML / browsers, gave two 1 hour University-wide lectures about the wonderful promise of what was to come. We made predictions that we thought bordered on crazy (like: one day you will see the things called URLs on buses!). But what we did not foresee is the stinking morass that much of the web has become.
- codesushi42 7y agoI will get downvoted for sure. And FWIW, I don't work at a blockchain company. But these issues seem like the type of thing smart contracts with escrow accounts were meant to solve. Place the payment into an escrow account that pays out to multiple parties on a regular cadence, after milestone etc. Everyone can see there's a balance in the account, and it's guaranteed to be dispersed according to some conditions being met.
- _mhr_ 7y agoI don't know anything about smart contracts, but how does the smart contract know if a milestone has been met?
- codesushi42 7y agoIt doesn't. But it can guarantee regular payments, and transparency regarding the funds available. You could implement a voting mechanism for the milestone payment. Or leave it to the boss.