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Whether the law to enforce consequences exists or not, smart contracts will still provide value. Some of those contracts will be exploited, and the law will not
by dylkil 6y ago
Whether the law to enforce consequences exists or not, smart contracts will still provide value. Some of those contracts will be exploited, and the law will not help in 99% of cases.
- leifg 6y agoDo you care to elaborate on that? How does it add value?
- dylkil 6y agoDo you not think permissionless money systems are valuable?
- leifg 6y agoAre you talking about cryptocurrencies? If so, what does that have to do with smart contracts?
- dylkil 6y agoWhat do you think smart contracts are?
- leifg 6y agoWell according to this article it's code that is executed once a requirement is met. If the requirement is trivial like in the Bitcoin blockchain, sure, maybe there is some value in it. But no one in the comments is talking about that. What everyone here seems to be talking about is non-trivial code that is supposed to enforce policies. Or at least that's what I'm asking about. Where is the value in that?
- seibelj 6y agoUniswap facilitates trading through smart contracts without a trusted middleman or custodian. That is an example of useful smart contracts.
- dylkil 6y agoI think they are confused about what a smart contract is
- leifg 6y agoIt seems like you're the only one who actually knows what a smart contract is... As smart contracts are supposedly open source, it will probably trivial for you to link to a code snippet that qualifies as a smart contract. Can you do that? Otherwise, stop trolling.