5 ms·

Bitcoin is a disaster alright but a disaster for the fiat system and for the parasites who need the fiat system to survive. Funny thing is bitcoin is only a sm

• rebelos 6y ago
  > Funny thing is bitcoin is only a small technology that will hurt the fiat system, there are more such disruptive technologies on the way but governments are far too stupid to see the writing on the wall. Examples?
  • everfree 6y ago
    I'm not the person you're responding to, but smart contracts will be disruptive to the finance industry. Why settle a contract in court when a computer can make a free, automatic, final deliberation based on software rules that both parties agreed to?
    • frankydp 6y ago
      Because you only end up in court when the humans that agreed to the contract no longer agree on the contract.
      • everfree 6y ago
        In theory you only end up in court if parties don't agree on the intent of the contract, not when they just change their mind about the contract. If one party no longer likes what they agreed to, yet the contract is clear and unambiguous, then a demand letter and/or a settlement often keeps the issue out of court.