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We can't even begin to imagine all the new tech that will use blockchain (related) tech yet. The money making is just the "nasty" part of it now. A recent deve

• dmitriid 6y ago
  > We can't even begin to imagine all the new tech that will use blockchain (related) tech yet. Perhaps because it doesn't, and can't produce any "new tech"? > And the smart contracts thing is just understandable for us tech nerds, but if all our customers and entrepeneurs get wind of it.. brace yourself. No one will brace themselves. Smart contracts have innumerable problems that cannot be solved, and are inherent in the fact that it's just a piece of technology, and technology by itself can't do anything. 1. They are digital only. And can only govern things that can be programatically checked. So, anything that can't be checked (for example, delivery of physical goods) is out of the question. If you say "but yes, those things can be provided by people", you're back to being no better than regular contracts (which also have a bunch of laws and regulations around them protecting all the parties in the contract). 2. They require all involved parties to understand, vet and audit programs written in any number of esotheric programming languages. Yeah, good luck with getting customers and entrepreneurs getting wind of it.