> outsourcing of third-party verifiers Since people using the network will be in control of constructing their own contracts, they will have an incentive to dr

> outsourcing of third-party verifiers Since people using the network will be in control of constructing their own contracts, they will have an incentive to draft the contract in such a way as to make sure they'll have control over this "outside verifier"; it could even be same company which it chooses to be the "verifier". > trusted third-party institutions The defeats the previous attempt at decentralization, by re-centralizing the information the network needs to do it's job. This is what the network hinges on to gain information about the outside world (and remember, companies will have an incentive to build the contract in such a way to control these trusted third-party institutions as mentioned above). (I'm aware of schelling coin/contracts; I'm don't think it will work unless it's made a mandatory part of all contracts for all third-party verifiers. For applications that need data that is publicity verifiable, such as the weather or sports outcomes, it could work, but if the information is not is publicity verifiable, e.g. a transaction amongst private parties, I don't see it. And that's only if you force the use of Schelling coin/contracts, which is usually never the first thing Ethereum folks talk about when pitching this; I'm not sure if there are actually plans to implement that.)