/biz/ - Business & Finance

>>28710017
Contract that can do algebra

>>28710017
Vaporware

TOO LATE WAGIE

>>28710017
Impressive, very nice

>>28710017
Try using a search engine

>>28710017
It's a contract but on the blockchain

>>28710017
autonomus service application
like a vending machine

>>28710017
It's a contract but smarter.

>>28710017
A contract with white skin.

>>28710017
It finally solves the problem.

>>28710017
A buzzword created by scam artists to steal money from zoomers.

>>28710017
A buzzword to sell you a conditional algorithm for 100x its value.

> Be Autonomous Taxi
> 'Damn I need to fill up, lucky I got some of dem ETH stocks to pay for my fuel'
> Drive yourself to gas station
> Sensor tells you when you've been pumped full of gas
> Release payment via smart contact (gas level = full, chainlink real-time price feed says gas price = $1 per liter, pay $100).
> Back to the Autonomous Taxi grind

ahhhh im gonna fulfill my contractual OBLIGATIONS AAAAAAHH

>tax evasion when

>>28710017
>"smart"
>does not possess the rational intellect
do you really expect me to believe this?

>>28712939
Why cant you just use a credit card.

>>28711945
Why does it cost 50 dollars for a single soda?

>>28710017
It's a sales contract for buying this kind of vehicle

>>28710017
in te real world a third party (government) is needed to enforce contracts between contract participating parties.
a smart contract removes the third party allowing for contracts to take place with only two parties in action

>>28713101
chargebacks
they can be declined
they can be fradulent
they can fail to go through after appearing to be successes

>>28713196
Thank you for supporting our young network and its most essential miners from the community :) oops the transaction failed just try again haha

>>28713196
Lots of traffic to the soda machine

I didn't understand them either until I started interacting with DeFi applications.

>>28710017
>WHAT THE FUCK IS A SMART CONTRACT
>if X then Y
>else Z

>>28713196
because its the best soda ever?

>>28713101
because I'm a god damn unconscious autonomous taxi.

The cars will be able to detect defects instantly and get them sorted out as a priority, allowing the taxi service to run effectively 24/7. It's just one of the thousands of applications that will become the passive income generators of tomorrow.

Now, imagine that your autonomous taxi gets into a crash - the insurance smart contract instantly sends another one out for you to work on your behalf whilst the claim process is underway. Or your flight is delayed, and you get an instant payout. We think about how everything is 'on-demand' in today's times, but this will all look slow compared to what's to come.

>>28712813
what's a conditional algorithm?

>>28713724
>>28713493
nvm

>>28713217
Based, imma get one once I make it

>>28710017
Just some business buzzword to get people hyped up. It's common business tactic.

>>28713599
Sounds good, but whats the tokens place in this?

>>28713346
Happens to ETH as well.

>>28710017
Enforcable code

>>28710017

contract you sign with mobile provider when you want new smartphone, are you dumb?

>>28710017
>WHAT THE FUCK IS A SMART CONTRACT

Well, when you spend cash and buy stuff, you're actually engaging in contractual activity. The money itself is a form of contract, receipts you get are an aspect of the contract, even if it's all verbal, verbal contracts exist.

Smart contract is just a "contract" but on the blockchain, which means that it is computer code which allows you to do certain things.

For example, the token ERC-20 (ethereum coins) is a smart contract that has functions allowing you to trade it, to mint it (like printing money) etc... You can look this all up yourself if you read the Ethereum documentation.

Basically, a smart contract is computer code that you use to add a transaction on the blockchain (or really to program it for whatever you want). I'm just learning programming now so that I can actually understand this stuff, someone else probably has ab etter answer.

>>28714008
payments, probs gonna be stablecoin ERC tokens

>>28713196
cos vitalik is a crypto jew

>>28710017
who is this mad lad elephant

>>28710017
a middleman that cannot lie or steal

>>28710017
I don't know, i'm all in Cardano

>>28712939
imagine thinking eth will ever have a practical application like this with the fees it has.