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A comment on The Cryptocurrency Industry Is 'On the Brink of an Implosion', Research Says. Parent comment

Re:The Cryptocurrency Industry Is 'On the Brink of an Implos... by leroy_masochist on Monday October 15, 2018 @01:41PM (#18221813)
The long-term value of crypto will likely come from use cases made possible by auditable smart contracts that are administered on decentralized databases and run at perfect fidelity, facilitating the efficient flow of information through multiple types of systems (logistics, finance, etc) at a refresh rate / granularity that will be orders of magnitude faster / more detailed than the current status quo.

In the meantime it'll be fun to say snarky things about shitcoins, no question about it, but the tech does have some pretty exciting potential.

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Re:The Cryptocurrency Industry Is 'On the Brink of an Implos... by castlecrasher2 on Monday October 15, 2018 @01:58PM (#18221987)
>but the tech does have some pretty exciting potential

And some terrifying consequences for bugs. Or administrative errors with contracts, or non-binding contracts that you'll need a traditional court to sort out anyway.

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Re:The Cryptocurrency Industry Is 'On the Brink of an Implos... by codehalo on Monday October 15, 2018 @02:31PM (#18222317)
> And some terrifying consequences for bugs

As all important software (aircraft, medical, financial) do.

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Re:The Cryptocurrency Industry Is 'On the Brink of an Implos... by rspeer on Monday October 15, 2018 @05:00PM (#18223703)
Those industries have stringent regulations on them.

When an aircraft has a bug, there is a federal investigation.

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Re:The Cryptocurrency Industry Is 'On the Brink of an Implos... by lottin on Monday October 15, 2018 @02:18PM (#18222185)
These smart contracts people keep talking about, maybe one day they'll amount to something, but so far I don't know anyone who uses smart contracts, or who wants to use them, or who even knows what they are or what they do.
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