There's something I don't understand about Smart Contracts.
Normal contracts are written by lawyers. They are reviewed by both parties' lawyer. Sometimes, after the contracts are signed, the lawyers disagree what a particular provision or clause means.
At which point, they either negotiate or sue. In which case, a human judge weighs up the case and decides.
How do disagreements work with smart contracts?
I assume some contracts will be buggy - mostly because programmers are just as fallible as lawyers. So how are disagreements resolved in an equitable way?
Normal contracts are written by lawyers. They are reviewed by both parties' lawyer. Sometimes, after the contracts are signed, the lawyers disagree what a particular provision or clause means.
At which point, they either negotiate or sue. In which case, a human judge weighs up the case and decides.
How do disagreements work with smart contracts?
I assume some contracts will be buggy - mostly because programmers are just as fallible as lawyers. So how are disagreements resolved in an equitable way?