Ethereum Has Issues

Re:Ethereum Has Issues by SparkyMcUnicorn on Thursday April 14, 2022 @04:49PM (#31033085)

> I still haven't seen any reason anyone would actually want this, beyond the novelty factor. It's strictly worse than any other equivalent insurance or loan for a number of reasons, the worst one being that there's no human you can talk to when something goes wrong.

But people are using it, and (in the protocols I've seen) claims are handled jointly between an advisory board and community assessors, with a framework for appeals and community voting.

I think that's pretty interesting.

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Re:Ethereum Has Issues by throwaway82652 on Thursday April 14, 2022 @05:17PM (#31033428)

>claims are handled jointly between an advisory board and community assessors, with a framework for appeals and community voting.

So you mean like a company with a board of directors, shareholders and voting shares. I'm sorry I just I don't think that's very interesting, because companies already existed without blockchains and DAOs and smart contracts.

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Re:Ethereum Has Issues by ineedasername on Thursday April 14, 2022 @05:43PM (#31033688)

So it's still people doing the work, only the contract exists in a different type of database. I'm really missing something if that is supposed to be substantially different than the current relationship I have with my insurance company.

Although with my insurance company I at least know the assessor is qualified enough to look at pictures from a car accident and determine the sequence of events and who was probably at fault.

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Re:Ethereum Has Issues by endisneigh on Thursday April 14, 2022 @05:03PM (#31033274)

So basically, unpaid volunteers.

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