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Furthermore contracts - in the context that a human being wants to be rewarded for their labor - also a legal construct. Meaning smart contracts aren’t very sma
by jcpham2 5y ago
Furthermore contracts - in the context that a human being wants to be rewarded for their labor - also a legal construct. Meaning smart contracts aren’t very smart at all when they go wrong and reward the wrong party through unintended glitches or computer mis-interpretation of the contract. Or straight forgery.
No there’s no solution. Not until we all fully operate in a legal realm (the/a metaverse) that validates the contract and rewards the humans who created the contract to cover their own ass. If the contract doesn’t follow the _legal_ language and intent it’s not smart at all and yes it’s totally a solution in search of a problem.
this NFT stuff is doomed to failure until we all operate in the same realm validating the identity of the contract owner, validating the legal intent of the contract, because that’s what a contract is in meat space