3 ms·
> That's really what's missing from web3: the concept of what a reasonable person [1] would believe - not a code-based contract. this is fundamentally a social
by nyolfen 4y ago
> That's really what's missing from web3: the concept of what a reasonable person [1] would believe - not a code-based contract.
this is fundamentally a social technology, and can be built on top of what exists. it's nearly impossible to bridge the gap from systems built on human judgment (trusted) -> impersonal contractual absolutism (trustless), but the reverse is a simple matter of opting in. you only have to allow others to have rights over your property, and interact with others who do the same.
this is more or less what i would expect to happen over the long term; most people prefer safety and convenience over shouldering the entire burden of security and awareness for every financial transaction. it's vitally important that the option remains available, though.