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> But if I have a mechanism that removes trust (merkle trees) then what's the issue? The contract will do what it states it does because that's the only option
by newswasboring 5y ago
> But if I have a mechanism that removes trust (merkle trees) then what's the issue? The contract will do what it states it does because that's the only option it has.
The problem I have with this line of reasoning is it does not consider the interface between on chain and real world realities. Some of it is easily doable, like money (if I have a token I have a token), but many are not at all easily doable like land use. I can write I have a piece of land on the chain but that does not give me any control over it. If I have to bring in the government to enforce land usage then why not let them do the owner tracking too? If they disagree with the blockchain its not like I can do anything about it.