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> The mafia probably doesn't need your name for a loan, too. What? They'll know your name, address and your whole family history usually. It's just a smart co
by rawtxapp 6y ago
> The mafia probably doesn't need your name for a loan, too.
What? They'll know your name, address and your whole family history usually.
It's just a smart contract execution on the global computer that is Ethereum, how is that shady?
- SpicyLemonZest 6y agoThere's a big cultural gap here, because your description sounds obviously shady to me. If my car financing agreement said "the terms of the loan are whatever happens when you run this program we wrote", I would never in a million years have signed it.
- rawtxapp 6y agoThe code is immutable and open source, so you can inspect exactly what it does.
- SpicyLemonZest 6y agoI can inspect the code I write professionally too, but I still end up shipping bugs from time to time. So I'm not really convinced that the ability to read the code will let me reliably determine what it does. Have you heard of the DAO hack?