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by TeMPOraL
2752 days ago
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> What cryptocurrency best serves is international trade I fear the day we go to war because of some clerk's off-by-one error in a "smart" contract. Honestly though, I'd think programmers of all people would be first to realize that using code to represent law affecting anything in the physical reality is a dumb idea. Think of any time you had to write a program to conform to customer's requirement document. Does anyone here had, even once, done that without discovering holes, inconsistencies or unintended consequences in the document? And this is essentially the same exercise as formulating a "smart contract", except the code can now ruin someone's life. (There's some middle ground to be had here, though. A way of optimizing the "long tail" of legal problems, without trying to do the near-impossible thing of codifying intent.) |
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There certainly could be many life changing bugs happening for smaller entities. But that's not a cryptocurrency-specific point. Humans are more and more willing to accept trusting technology with their lives (factory robots, pacemakers, automated cars, risky snapchats).
The key for cryptocurrencies is to keep humans in the loop: keep it incremental and require human confirmation for meaningful transactions. Machine learning can be used to detect anomalies in busy transaction flows.
[1]: https://www.cryptocompare.com/coins/guides/the-dao-the-hack-...