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A comment on Is Web3 anything?. Parent comment

Re:Is Web3 anything? by derefr on Friday December 10, 2021 @03:05AM (#29507568)
Right; distributed smart contracts complement legal systems, like a road network complements a rail network.

Of course, that’s just the simple, “immutable logic” kind of smart contracts. The “updatable policy” kind of smart contracts are really just a way to encode and implement a legal system. (See: the regulation model in security tokens.)

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Re:Is Web3 anything? by serverholic on Friday December 10, 2021 @04:12PM (#29515518)
I also think people complement smart contracts. The difficulty of building smart contracts makes me think people and human processes will be the glue that binds many of them together.
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