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Seems like these smart contacts should include written contracts as well to outline what the code is intended to do, if you can’t rely on the code.
by nkrisc 5y ago
Seems like these smart contacts should include written contracts as well to outline what the code is intended to do, if you can’t rely on the code.
- crooked-v 5y agoAt that point, why have the smart contract? If you want 'automation', just get a trustworthy third party to execute the financials for you , as is already done with (for example) most real estate contracts.
- solveit 5y ago> trustworthy third party Merits aside, sidestepping the need for this is the whole point of blockchain.
- withinboredom 5y agoApparently you can’t even trust the um, paper, it’s written on
- nkrisc 5y agoWhy have smart contracts indeed, if executing the code in the contract is called a "hack." Perhaps in the case in the article a trusted third party would have been superior and there wouldn't be $10M missing.