This smart contract has no way of knowing if/what the damages are, whether the rent was paid in cash, or whether a million other legal issues are happening.
For example, in most places, tenants may stop paying rent if their heat breaks in the winter and the landlord won't fix it promptly.
The central authority will always be human courts. Smart contracts can't observe or record anything except crypto, which makes them useless in 99% of contractual disputes.
For example, in most places, tenants may stop paying rent if their heat breaks in the winter and the landlord won't fix it promptly.
The central authority will always be human courts. Smart contracts can't observe or record anything except crypto, which makes them useless in 99% of contractual disputes.