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Your example is a great example of how absolutely catastrophic and disconnected from reality blockchain people are. This idea that we can pre-commit to ideas,
by knorker 5y ago
Your example is a great example of how absolutely catastrophic and disconnected from reality blockchain people are.
This idea that we can pre-commit to ideas, and not only that we should pre-commit to a course of action with no option to change as new data comes in, but that we are actually able to correctly codify this perfectly, is preposterous.
A bug in a smart contract can make murder legal, or loophole an interest rate to be a billion percent. It's delusional to think that anyone would want this.
A court or legislative body simply has to be able to undo bugs, to overrule.
Maybe we can't trust the government very well, but we KNOW that we can trust smart contracts to completely fuck us with no recourse.