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There are many situations mentioned, but the same value proof of digital ownership brings elsewhere. Happy to answer for a more specific case if you want to pro

by nailer 3y ago

There are many situations mentioned, but the same value proof of digital ownership brings elsewhere. Happy to answer for a more specific case if you want to provide one.

XorNot 3y ago
You haven't mentioned any situations. You haven't described what a smart contract is doing more usefully then a regular legal contract, of the type you would need to have to prevent fraud against your smart contract for the status of goods.
- nailer 3y ago
  Yes I have. There are six mentioned here. I’m happy to go into detail on one of them if you like. Just tell me which. https://news.ycombinator.com/item?id=35970568 https://news.ycombinator.com/item?id=35970568 Current generation L1s don’t use the term smart contract anymore because they have almost no resemblance to actual contracts. Rather they are on chain financial programs. I definitely make no attempt to compare on chain programs to legal contracts. I have repeatedly stated that software cannot prevent fraud.
  - XorNot 3y ago
    You have repeatedly failed to explain what a smart contract is going to be doing that is providing any value in any of those situations, since as you say, "software cannot prevent fraud". Since trust in legal power prevents fraud, which is what a conventional contract represents, why would I need a smart contract at all to deal with any of those circumstances? Specifically, what value is Blockchain providing that is not provided by a simple database run by the trusted party who would be necessary to execute any part of the actual physical interactions where all the value is provided?
    - nailer 3y ago
      > You have repeatedly failed to explain what a smart contract is going to be doing that is providing any value in any of those situations Completely agreed, I have not done that. As I’ve mentioned repeatedly, I just want you to pick one of the six use cases so I can answer your questions. I’m going to respectfully end this conversation as I’ve tried to engage you in good faith and you’re not going to tell me what you want or simply don’t understand what I am asking.
      - XorNot 3y ago
        So you have 6 use-cases you think all have strong defenses, and yet when challenged decline to pick any use case to describe what the benefit would be? Meaning you actually have no argument, got it.
        nailer 3y ago
        The nerve of saying you're challenging me! I have repeatedly challenged you to pick any of these cases. I have done so repeatedly. I am prepared to defend any of them, I am challenging you to pick the battlefield, because I think your arguments are weak, I think I will win, I think I will win on any use case you chose, and you either don't understand, or are afraid to argue. You remind me of the guy that gets on a train carriage and yells about how he will fight everyone but then backs down when someone takes him up on the offer.

by nailer 3y ago

There are many situations mentioned, but the same value proof of digital ownership brings elsewhere. Happy to answer for a more specific case if you want to provide one.

XorNot 3y ago

You haven't mentioned any situations. You haven't described what a smart contract is doing more usefully then a regular legal contract, of the type you would need to have to prevent fraud against your smart contract for the status of goods.

nailer 3y ago
Yes I have. There are six mentioned here. I’m happy to go into detail on one of them if you like. Just tell me which. https://news.ycombinator.com/item?id=35970568 https://news.ycombinator.com/item?id=35970568 Current generation L1s don’t use the term smart contract anymore because they have almost no resemblance to actual contracts. Rather they are on chain financial programs. I definitely make no attempt to compare on chain programs to legal contracts. I have repeatedly stated that software cannot prevent fraud.
- XorNot 3y ago
  You have repeatedly failed to explain what a smart contract is going to be doing that is providing any value in any of those situations, since as you say, "software cannot prevent fraud". Since trust in legal power prevents fraud, which is what a conventional contract represents, why would I need a smart contract at all to deal with any of those circumstances? Specifically, what value is Blockchain providing that is not provided by a simple database run by the trusted party who would be necessary to execute any part of the actual physical interactions where all the value is provided?
  - nailer 3y ago
    > You have repeatedly failed to explain what a smart contract is going to be doing that is providing any value in any of those situations Completely agreed, I have not done that. As I’ve mentioned repeatedly, I just want you to pick one of the six use cases so I can answer your questions. I’m going to respectfully end this conversation as I’ve tried to engage you in good faith and you’re not going to tell me what you want or simply don’t understand what I am asking.
    - XorNot 3y ago
      So you have 6 use-cases you think all have strong defenses, and yet when challenged decline to pick any use case to describe what the benefit would be? Meaning you actually have no argument, got it.
      - nailer 3y ago
        The nerve of saying you're challenging me! I have repeatedly challenged you to pick any of these cases. I have done so repeatedly. I am prepared to defend any of them, I am challenging you to pick the battlefield, because I think your arguments are weak, I think I will win, I think I will win on any use case you chose, and you either don't understand, or are afraid to argue. You remind me of the guy that gets on a train carriage and yells about how he will fight everyone but then backs down when someone takes him up on the offer.