>If the risk is that well defined, then the cost of escrow seems wasteful if you could just automate the upside/downside in the Blockchain You don't pay for th

>If the risk is that well defined, then the cost of escrow seems wasteful if you could just automate the upside/downside in the Blockchain You don't pay for them to calculate the risk though you pay for them to resolve the issue when there is a dispute. So using bitcoin wouldn't actually lower that cost/allow you to automate away any of that. >Automated contracts can only eliminate insurance middle-men The middle-men in most contracts are there for assurance. Bitcoin doesn't provide that even with m-of-n.