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It has the AM/FM trust problem wherein a business will always trust paper contracts and lawyers over Fucking Magic like this. Edit: Good example, estate transf
by openfinch 6y ago
It has the AM/FM trust problem wherein a business will always trust paper contracts and lawyers over Fucking Magic like this.
Edit: Good example, estate transfers and mortgages are a potentially quite good use-case for blockchain. Why is nobody using it? Because it's Fucking Magic.. nobody with a sensible risk profile is going to replace a "contracts and lawyers" process that works well-enough with Fucking Magic.
- AzzieElbab 6y agoIn cases of property transfers the lack of trust in blockchain is understandable because contracts and lawyers can annul your “fucking magic” due to local legislatures.