"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Smart Contracts Sound Boring, But They're More Disruptive Than Bitcoin
Submitted by Government Deni... on Sun, 2015-03-22 23:00
in
"With the exception of its cryptographic messaging system, its main features are financial. People would directly engage in transactions using Ethereum’s own Bitcoin-like money, Ether, according to scripted “contracts” whose enforcement would be guaranteed by the network. Contracts could be about whatever their creators want them to be—from escrow to investment services— and, more importantly, they could work independently from any human stewardship until they run out of Ether. "
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