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It's possible without relying on the legal system or contract law. That's one of the interesting things about smart contracts. Steph could sell NFT shares in a
by saluki 5y ago
It's possible without relying on the legal system or contract law. That's one of the interesting things about smart contracts. Steph could sell NFT shares in a smart contract stipulate in his contract to be paid in ETH at the smart contract address. The smart contract could then pay holders of his NFT shares a set % of his salary automatically.
- smt88 5y ago> It's possible without relying on the legal system or contract law. I disagree. Smart contracts can automate on-chain activity. They can't actually enforce anything because they have no visibility into or control over the physical world of humans. For example... > The smart contract could then pay holders of his NFT shares a set % of his salary automatically. This would only be possible if the smart contract had access to 100% of his income (everything he earns is in crypto or he converts it to crypto himself). An unethical person would just keep their money in fiat and never pay anyone anything. So how do you enforce it then? The legal system and contract law.