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by TheSpiceIsLife 3654 days ago
What is supposed to give us the impression the problem of contract execution hasn't been solved?

A huge majority of contracts are never disputed, carried out to completion or ran as a going concern without any issues. Contracts are routinely renegotiated when one or both parties have a change in circumstances, or at specific time intervals. Only a very tiny fraction of contracts are ever disputed, and fewer of those reach the courts.

I don't understand the problem trying to be solved here.

1 comments

>> I don't understand the problem trying to be solved here.

Lawyers. They want to get rid of the lawyers.

It's a common desire. Like politicians, you want to get rid of them up until the day you actually need one. That day may have come for smart contracts. Does anyone here doubt TheDAO are now seeking legal advice on this matter?

Exactly. If you write a crummy contract but believe it is sound, then set out to convince other people of it soundness, and they sign up and pour their money in, and then the contract leaks, who's responsible? ... well, next minute: lawyers.

We'll first have to invent, and deploy at scale, the immutable person before we can have the perfect contract 100% of the time.

So long as people change, minds are fallible, misunderstandings and disagreements continue to occur, interpretation and intent are going to be fuzzy.