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> This all requires contracts as code capable of ascertaining external facts Do meatspace contracts ascertain external facts? No, a court of law does. For most
by jkhdigital 6y ago
> This all requires contracts as code capable of ascertaining external facts
Do meatspace contracts ascertain external facts? No, a court of law does. For most things that will likely never change. But if the contract is of a fungible nature, then allowing it to exist on a blockchain means ownership can be traded with no additional infrastructure required. This is why I prefer to call blockchain “market-as-a-service”...
- bradleyjg 6y ago> then allowing it to exist on a blockchain means ownership can be traded with no additional infrastructure required The same is true of the Chicago Board of Options, established 1848. The blockchain adds nothing. It’s the snake oil of the modern age.
- seibelj 6y agoYou can’t trade on that directly as a normal person in, say, Turkey or Lebanon. With blockchain you can - there are no borders. And you can’t add a twist on the standard options contract, or experiment whatsoever, as a software dev fooling around. With blockchain you can experiment in infinite ways instantly. There is no permission. Again, the lack of imagination and the total “blockchain equals bad! All of this tech is stupid because I say so!” nonsense is exhausting. You don’t want to learn so you won’t learn.
- bradleyjg 6y ago> nonsense is exhausting. So stop doing it. No one is forcing you to push these get rich quick scams.