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by Hexayurt 3971 days ago
A very good question about a very hard problem.

We've discussed a variety of approaches. The one I like best is that "contract interpreters" offer a professional service, which is that they read a contract and tell you what it will do. You pay them for this service, and they have a public bond of sufficient size that if they screw up, a claim against their public bond will make the person affected whole.

This assumes a few things: dispute resolution services, flexible escrow agreements, and a lot of human judgement in a relatively corruption-free environment. My guess is that this is going to be expensive to provide, and might well rest up against existing contracting infrastructure (i.e. KPMG type agencies might offer a blockchain auditing service with insurance in some imagined futures.)

Hence I'd expect a long tail from high value, deeply audited contracts with insurance and bonds to back them up, through to collaborative pools that just note when they've been ripped off, down to "it worked for me!" reviews on forums.

I'm not sure there's a better solution than this, but it's a topic of ongoing research and discussion.