Interesting to see "escrow" mentioned there. Isn't that what the Evolution admins just stole, funds in escrow that they had personal control over. I know this represents a decentralized approach... just interesting... still reading.
On Wed, Mar 18, 2015 at 11:48 PM, Rob Myers <[email protected]> wrote: > On 18/03/15 07:45 PM, Pall Thayer wrote: > > Honestly, I don't get the whole cryptocontract thing. > > Like cryptocurrency, smart-contracts / crypto-contracts are a > simplification. They're not (yet) like an employment contract or house > insurance, they're more like buying a can of coke from a vending machine: > > http://szabo.best.vwh.net/smart_contracts_idea.html > > > To me, contracts > > are too negotiable and flexible to be computer controlled. How does a > > cryptocontract negotiate a difference in the interpretation of a > > contract's terms? Granted, it's not something I've researched at all > > but, to me, this gets into the realm of advanced AI and that's where I > > go all skeptical. > > Currently, smart contracts are just meant to be simple daemons that > control easily identified resources like an amount of money, doing > something with it in response to a well-defined set of inputs. > > For an example of thinking through some of the negotiations/flexibility > you mention, see here: > > https://dappsforbeginners.wordpress.com/tutorials/two-party-contracts/ > > and for whether smart contracts are actually contracts in law and what > this may mean, see here: > > https://cyber.law.harvard.edu/events/luncheon/2014/04/difilippi > > The idea that removing state interference from monetary transactions > will make everything cheaper for us (whoever "us" is...) is naive, > likewise the idea of contracts as unambiguous and uncaring code stripped > of human fallibility and corruptability as an unalloyed good. But as the > auction example shows, it's easy to reintroduce human safeguards into > these systems. > > Web search "Decentralized Autonomous Organization" for more fun stuff. > > I have an article on socialist (rather than anarcho-capitalist...) DAOs > coming up for Furtherfield... > > - Rob. > > > > _______________________________________________ > NetBehaviour mailing list > [email protected] > http://www.netbehaviour.org/mailman/listinfo/netbehaviour > -- ***************************** Pall Thayer artist http://pallthayer.dyndns.org *****************************
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