Re:Decentralized Woo Hoo
by CJefferson on Tuesday November 16, 2021 @10:54AM
(#29241950)
But, if there is a "court intervention" clause that just lets you say "Transfer X money from Y to Z", then why bother with full blockchain/crypto? You have effectively central control.
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I agree that would be a useless smart contract. If that is your intention, then don't use a smart contract.
If, however, there are a limited number of known possible outcomes, then smart contracts offer advantages over court-based settlements.
Re:Decentralized Woo Hoo
by CJefferson on Tuesday November 16, 2021 @05:37PM
(#29247176)
Can you give a concrete example? I can't think of anything where you wouldn't need a fallback "human takes control".