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> Running this basic escrow code on the blockchain means that I no longer have to trust the kind of basic escrow code that’s used in centralised escrows Yes, i
by throwaway405769 5y ago
> Running this basic escrow code on the blockchain means that I no longer have to trust the kind of basic escrow code that’s used in centralised escrows
Yes, it means that you will 100% know that the escrow website is not gambling your money away, that it won't out of the blue ask you to supply more documents when it finally comes the time for you to get paid, it means that the escrow won't get hacked and your PII won't be sold on darknet.
Smart contracts are just a simpler and more transparent way to deal with finance.
- peoplefromibiza 5y ago> you will 100% know that the escrow website is not gambling your money away no, you won't > Smart contracts are just a simpler and more transparent way to deal with finance. no, they aren't
- throwaway405769 5y agoCope.
- peoplefromibiza 5y agoyou're replacing trust (to handle with care) with blind faith. who's the one looking for miracles here? the only thing you can be "100% sure" is that we're all going to die. the second one is that cults will try to convince other people that they are the only true cult.