Comment by mlazos

It’s so funny to me when everyone touts crypto + smart contracts as revolutionary™ then when you follow a system implemented with them to its logical conclusions you have analogs to everything that already exists. Lawyers to audit the contracts for bugs (and yes there can be bugs in a formally verified spec as well), courts to arbitrate disagreements, and an authority to enforce rules when someone finds a security hole. Hmm maybe the entire federal bureaucracy is not entirely redundant, and there were reasons that it grew to what it is today. Maybe we should understand the existing system before advocating complete disruption.