4 ms·

Notaries can be bribed, sure, but smart contracts can and will have bugs.

• ipaddr 5y ago
  But will those bugs matter or not get patched or not exist? Open source is used daily and you could say the same about it.
  • sdenton4 5y ago
    Try rolling back a bug exploit on a blockchain... This is one of the fundamental problems with blockchains: Local problems often lead to global consequences, requiring forks of the blockchain and/or high level intervention to maintain consistency or to roll back exploits. Here's the classic example: https://www.coindesk.com/learn/2016/06/25/understanding-the-dao-attack/ https://www.coindesk.com/learn/2016/06/25/understanding-the-... 'Don't write bugs' is not a viable strategy for software development.
  • bastawhiz 5y ago
    If a notary lies or commits fraud, you still have legal means to undo the damage. You can't yank back funds or mutate data on a blockchain.
    • rmbyrro 5y ago
      Justice is never an option for me. I'm just an average middle class citizen. It's rigged against myself, telling from personal experience. If there's a risk for me to be defrauded, Justice is no recourse option. I'd rather avoid the risk in the first place.