Underestimate blockchain at your peril
Underestimate blockchain at your peril
Posted Jan 3, 2018 13:25 UTC (Wed) by anselm (subscriber, #2796)In reply to: Underestimate blockchain at your peril by Harry51S
Parent article: Welcome to 2018
The problem with “smart contracts” is that their utility depends directly on the ability of their authors to express in the smart-contract language exactly what they want to accomplish, because once deployed a smart contract is, by design, (theoretically) impossible to amend. We all know how well “expressing exactly what one wants to accomplish” works with software code, which can – at least in most cases – be corrected after the fact, and there are no grounds for the assumption that “smart contracts”, unlike software in general, will somehow be magically bug-free, all the time.
People will inevitably sue one another over “smart contracts”, and it will be very interesting to see how these lawsuits eventually turn out. In the meantime, I'm not going anywhere near any “smart contract”, thank you very much.
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