So if I want to rent a Ferrari, now I need quarter million dollars lying around and also be fine with locking it up for the duration of the rental. And this is

So if I want to rent a Ferrari, now I need quarter million dollars lying around and also be fine with locking it up for the duration of the rental. And this is all a smart contract, so if there's a bug and I lose my quarter mil, tough luck. This proposed system is worse in all ways compared to the current system of laws and insurance that facilitate affordable, mostly friction-free rentals.