3 ms·

For the record, I don't think code will be law, ie. that blockchains will replace our current system of adjudication. Rather smart contracts will be changed to

by jcfrei 6y ago

For the record, I don't think code will be law, ie. that blockchains will replace our current system of adjudication. Rather smart contracts will be changed to allow for an interface with the current system, for example via a master key held by the originator of the smart contract. Regarding your second point: Look into newer projects like Solana, Polkadot or Cardano which are already live and have much better scalability.

canoebuilder 6y ago
That's an interesting idea, but in what situations is it superior or preferable to just signing a traditional contract, and taking any disputes to a court? Cross border maybe, but then what court would you go to? > Look into newer projects like Solana, Polkadot or Cardano Are these newer projects more or less built with the same vision? What is their reason for being? Censorship resistance would be nice, so would laws against private censorship in certain areas. Distributed mechanisms of censorship resistance would be more trustworthy and transparent. But people find information in centralized locations, be it a library, or Twitter, etc. Is there legit headway towards combining beneficial aspects of distribution with the efficacy of centralized platforms? What are the mechanisms that keep it running and the incentives involved?