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Good point, but are cryptocurrencies then needed (adding currency trafo risks)? Further, how do you select the trusted 3rd party--can't you get screwed here if
by pgesmm 5y ago
Good point, but are cryptocurrencies then needed (adding currency trafo risks)?
Further, how do you select the trusted 3rd party--can't you get screwed here if there are "multiple" 3rd party notaries? As far as I can see, you can't get rid of some "central" authority
- mindcandy 5y agoAt some point you have to trust somebody. Who is more trustworthy for your situation: a government agent, a financial officer or some reputation service? Think about that as someone in a third world country...
- pgesmm 5y agoIt's not that simple. Have you ever had to do anything with real legal complex matters? For example for patent suits, I am not sure if I didn't prefer a qualified and experienced set of judges over an anonymous hobby crypto arbitration court.. Don't kid yourself, you can get (and will) screwed in every which way. I also don't know much, but I think there is a lot a lot of illusion going on about "smart contracts"