Karsten Gerloff 💙💛Oh my.
Anyone who believes in „smart contracts“ has never talked about real contracts with a lawyer.
Anyone who believes that a clever program can perform all the functions of a contract doesn’t know the first thing about either contracts or software.
Contracts always contain ambiguities. This has caused us as a society to build a system of civil courts, lawyers etc.
Software always has bugs. Always. Yes, yours does, too.
If you publicly express your faith in anything involving „smart contracts“, you’ll look to all the world like a stuffed turkey right before Thanksgiving dinner:
A juicy bite there for the taking.
This mini civics lesson is brought to you by the super smart tech bros at Binance, who today were kind enough to underwrite it with a 9-figure amount of dollars.