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I bet that we will see insurance companies emerge in the market. Contracts will send a portion of the transaction to an insurance company. The insurance company

I bet that we will see insurance companies emerge in the market. Contracts will send a portion of the transaction to an insurance company. The insurance company would mandate "layers" to validate the contract. Users can then claim damages if there was a bug in the contract. Once all this is done, the transaction fees will be equal or higher than traditional banking systems :-p

xur17 5y ago
There are a number of "smart contract" insurance companies already, Nexus Mutual is one of the main ones, and the rate of return after paying for insurance on a number of platforms exceeds what normal banks would pay you.