fnoof
Joined 8 years ago
Joined 8 years ago
> I wrote the Notebook user interface for Mathematica and led the user interface group for over 20 years.
The article said the neighbours first vote that work is done. Most of the time that could work. But it also mentions the neighbours could collude to steal the collateral. In that case courts could get involved and force money be returned etc.
I’m very far from a legal expert, but smart contracts seem like a potentially useful tool, within the current system. Not as a complete replacement.
They’ll instinctively shoot down all your ideas, but their accumulated experience is helpful once in a real discussion.
There’s problems with that particular mechanism, but in general if contracts can automatically decrease someone’s money, reputation, access etc, they can do enforcement.
People who can’t see or imagine use cases become sceptics.
But others who piece together enough observations to tell themselves stories of why it will work become believers.
But neither can explain why the tech will or won’t work, so we end up with technobabblers and angry sceptics.
If the data on chain becomes valuable enough, an ecosystem of open source, auditable programs operating on it seems powerful to me.
And yeah tx fees are facemeltingly expensive right now, but scalability tech is making gradual progress.
OpenAI’s demo from a few months back showed it as a sort of bridge to convert natural language instructions into APIs calls. Eg converting “make all the headings bold” to calls to a word doc api.
For those that have read up on it, What are the highest impact things the average hacker news reader can do over the next few years?