Suppose my ether gets "stolen". For whatever reason I am able to turn to an external legal framework -- police or a law suit.
Why wouldn't I just skip the middle bit and go straight to dumb contracts executed by smart humans, rather than smart contracts executed by dumb machines?
What exactly have I gained over the status quo if, at the end of the day, I still rely on the enforcement mechanics of the status quo?
Suppose my ether gets "stolen". For whatever reason I am able to turn to an external legal framework -- police or a law suit.
Why wouldn't I just skip the middle bit and go straight to dumb contracts executed by smart humans, rather than smart contracts executed by dumb machines?
What exactly have I gained over the status quo if, at the end of the day, I still rely on the enforcement mechanics of the status quo?