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> but the rules are public and codified. You mean like, say, the current system of laws we have? (: Sure, laws are strange and arcane and require expertise to
by notamy 5y ago
> but the rules are public and codified.
You mean like, say, the current system of laws we have? (:
Sure, laws are strange and arcane and require expertise to translate them into understandable terms, but any form of code has the exact same problem.
- deweller 5y agoNo. Better than the current system of laws we have. Currently, the current system requires lengthy court intervention with interpretation done after the fact. Smart contracts can allow for a fixed number of resolutions with a timeframe defined up front. Smart contracts won't work for everything, but they might be a better fit for some things.