Current thoughts on smart contracts
Posted by matijs 31/07/2017 at 13h50
- Writing a contract such that the law is powerless to reverse it is anti-democratic. Libertarians will probably love it, but in canceling out the ‘oppressive’ state it also cancels any protections offered by the state.
- Trust is a fundamental basis of human interaction. Creating a trustless way of cooperating allows agents to not be held accountable for actions performed outside the contract.
- Instead of the lame excuse ‘the law allows me to be an asshole’, we’ll get ‘the smart contract allows me to be an asshole’.