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As far as I understand it, that's not the sort of thing Ethereum contracts would cover. The contract is just an computer agreement between trustless systems to

by kgin 6y ago

As far as I understand it, that's not the sort of thing Ethereum contracts would cover. The contract is just an computer agreement between trustless systems to run code. Vitalik Buterin has said he regrets the term "smart contracts" because of the usual meaning of the word contracts: https://twitter.com/VitalikButerin/status/1051160932699770882?s=20 https://twitter.com/VitalikButerin/status/105116093269977088... > To be clear, at this point I quite regret adopting the term "smart contracts". I should have called them something more boring and technical, perhaps something like "persistent scripts". > I do think that persistent scripts controlling assets compete with the legal system on some margins, but so do locks on doors. So IMO it's wrong to equate them with a specific philosophy of law privatization.

dmitriid 6y ago
> The contract is just an computer agreement between trustless systems to run code. Then, as I said, it's just a very slow and ineffecient API and protocol. However, to quote ethereum's marketing material [1] --- start quote --- Ethereum allows you to move money, or make agreements, directly with someone else. You don't need to go through intermediary companies. Commerce guarantees Customers have a secure, built-in guarantee that funds will only change hands if you provide what was agreed. --- end quote --- This directly involves people. With all the issues described above. On their dapps page [2] currently: - Foundation. Buy, trade, and sell unique digital artwork and fashion from some incredible artists, musicians, and brands. - PoolTogether. Buy a ticket for the no-loss lottery. - Augur. Bet on outcomes of sports, economics, and more world events. etc. etc. All this involves people and the belief that they will honor their end of the deal. [1] https://ethereum.org/en/what-is-ethereum/ https://ethereum.org/en/what-is-ethereum/ [2] https://ethereum.org/en/dapps/ https://ethereum.org/en/dapps/

by kgin 6y ago

dmitriid 6y ago

> The contract is just an computer agreement between trustless systems to run code. Then, as I said, it's just a very slow and ineffecient API and protocol. However, to quote ethereum's marketing material [1] --- start quote --- Ethereum allows you to move money, or make agreements, directly with someone else. You don't need to go through intermediary companies. Commerce guarantees Customers have a secure, built-in guarantee that funds will only change hands if you provide what was agreed. --- end quote --- This directly involves people. With all the issues described above. On their dapps page [2] currently: - Foundation. Buy, trade, and sell unique digital artwork and fashion from some incredible artists, musicians, and brands. - PoolTogether. Buy a ticket for the no-loss lottery. - Augur. Bet on outcomes of sports, economics, and more world events. etc. etc. All this involves people and the belief that they will honor their end of the deal. [1] https://ethereum.org/en/what-is-ethereum/ https://ethereum.org/en/what-is-ethereum/ [2] https://ethereum.org/en/dapps/ https://ethereum.org/en/dapps/