Earlier quoted context omitted.
The babysitting one is harder than the plumbing, but bear with me. For the plumber's contract, imagine sensors embedded in the pipes or the bathtub that could collect data suggesting that agreed-upon circumstances in fact obtain. Now, if the agreed-upon pattern is something simple like a certain level of water flow, it's easy to see how a criminal plumber would be able to game that system and get out of town with the…
For the foreseeable future, the cost-benefit balance weighs strongly against such a system. I believe that to be true for the following reasons: 1. What you're proposing would add a tremendous layer of additional complexity. There are design, manufacturing, and maintenance costs associated with that functionality. 2. Comparatively few business deals end in a dispute. So in the vast majority of cases, the sensors woul…
Re: Cryptocontracts Will Turn Contract Law Into a Programming Language
#91I totally agree, I was just trying to picture it.