[spookthesunset]

If code is not law, how does it remove 3rd parties? Every “code contract” of any real importance is going to be “exploited” because, again, all code has bugs and unhandled cases. Meaning a contract for anything real will wind up in some kind of human-needing state.

Sorry, smart contacts are pretty worthless. The only real use ethereum has is for creating ICOs, which are all scams. You could argue that ethereum is a world class platform for running scams. How will this be anything different? If the language is bastardized so it is not Turing compete and is thus impossible to build anything complex, what point does it have?

[Kiro]

Again, this has nothing to do with the type of smart contracts you are referring to. There's no code on the blockchain involved. The contract in this case is an actual contract, a legal document between two parties.

You should actually click the link. It's a job/contract board where you pay with Bitcoin. The only "smart" part is that you can lock up your funds to show that the money exist but the actual execution is still centralized and backed by the existing legal system you talk about.

Not saying the service is good or bad but your rant is off topic!

[r32a_]

Currently, Bitcoin has been operating fine for almost a decade and with a massive bounty for anyone that can break its system.

Technically you can still build a lot with Bitcoin's limited scripting language. The lightning network being one.