[jasonisalive]

What are the killer advantages of using a distributed ledger for storing contracts as opposed to centralised ledgers?

Are you going to spin up an altcoin or are you planning to try and stuff your contracts into Bitcoin transactions?

[bgibson]

We have no plans to support any coins other than Bitcoin, though our platform is being built in a way that it could if any gain similar adoption and acceptance as Bitcoin. We'll leave that to the market. And our platform writes only the multisig transaction to the blockchain, the irl data and everything else is offchain, client and mempool only.

Decentralized, p2p ledgers are thus far good at a subset of contracts in which no off-ledger is enforcement is required. Aka, they're good at cash-settled (bitcoin-settled) contracts, in which all parts of the contract creation, joining, settlement, and clearing can be cryptographically enforced, and a real-world legal system is not required to guarantee ownership transfer.

For example, if you want to sell the title to your house or car, if there are problems or disputes the real world isn't going to recognize some title transfer deal done on the blockchain and you'll have to resort to the irl legal system anyway. But any kind of pure financial contract is potentially game.