[bouncycastle]

Besides speed, another interesting property of cryptocurrency based transfers is that they can be programmable. For example simple escrow or multi-sign off transfers or time-delays, all easy to do without lawyers or additional fees.

[manigandham]

That's a trivial detail. Whatever you use for trust (the escrow or signature service) can already handle the scheduling. No need to bake that into the money itself.

The reason we have lawyers is because the law is not just black and white. As many examples have shown, pure robotic management is not conducive to how people actually do business and the messy nature of human behavior.