pull down to refresh

251 sats \ 2 replies \ @freetx 4 Jun \ parent \ on: People who bought Berkshire cheap have their trades undone. econ
Related, these are good examples of why "smart contracts" are less useful in the real world than people imagine.
Most real-world contracts establish definitions and frameworks to align to mutually desired outcomes....they are not meant to cover every eventuality in an exhaustive capacity. The entire reason we have courts / arbitration is to handle such situations. Its often very murky and partial resolutions are common.
write
preview
34 sats \ 0 replies \ @gmd 4 Jun
ahhh some refreshing common sense. there are some obvious downsides to being unable to undo a fat-fingered transaction.
reply
21 sats \ 0 replies \ @mudbloodvonfrei 5 Jun
Exactly. Bitcoin's decentralized and immutable nature is very useful for money but not for real estate, stocks etc because your need for protection of property rights over the latter is much greater than with bitcoin, which means you're going to be subject to some sort of legal system.
reply