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> What if instead of taking the bank to the court, we have something in place for it that runs based on certain "if statements" or "switch case" As I said in m
by GTP 4y ago
> What if instead of taking the bank to the court, we have something in place for it that runs based on certain "if statements" or "switch case"
As I said in my comment, the problem is that if you have a bug in the statements that should protect you, then there is no recourse for your lost money.
- cy_overlord 4y agoNo computer programs are perfect, there will be bugs and exploits. The question then comes to whether we want to deal with unpredictable human "bug" or consistent computer bug. For the later, we can engineer our way to a minimum risk model, where it become punishing to exploit a bug. We are doing the same thing with the current system, it's just that different banks and companies are responsible for different systems. There are bugs and exploits in systems of our finacial institution and we rely on human to mitigate the risk. Will computer be better than human or can we build a hybrid system? That's the question we need to answer.