[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]

/biz/ - Business & Finance

View post   
File: 61 KB, 976x850, _91408619_55df76d5-2245-41c1-8031-07a4da3f313f.jpg [View same] [iqdb] [saucenao] [google]
57324757 No.57324757 [Reply] [Original]

I still don't see the point of smart contracts.

>> No.57324771

My ballsack stinks

>> No.57324788

>>57324757
They are better than dumb contracts.

>> No.57324893

>>57324757
Imagine a contract between you and your boss, but neither you or your boss can fuck it up otherwise a robot comes to fuck your anuses.

It's basically an automated middleman that will execute stuff according to what a contract says.

>> No.57324898
File: 906 KB, 150x113, 1657507274994.gif [View same] [iqdb] [saucenao] [google]
57324898

>>57324757
Based "Emperor has no clothes" nooticer.

>> No.57324906

>>57324757
the point is to frontrun losers who think its special and then dump on them.

>> No.57324917

>>57324893
ok. but who asked for this? what specific problem is this going to solve? why do we need to use crypto to "solve" this?

i've been hearing about "Smart contracts" for over 10 years now but literally no one uses them for anything and no one wants to

>> No.57324920

>>57324757
Not smart enough, huh?

>> No.57324927

>>57324757
dumbest thread I've ever seen in my life

>> No.57324931

>>57324893
OK but I can also just use a lawyer

Soon there will be AI lawyers that can fo it even better and cheaper

>> No.57324954

>>57324757
A vending machine is the original smart contract.

>put money in
>soda comes out

Now apply that concept to commercial logistics.

>manufacturer delivers goods
>smart contract pays manufacturer immediately

No more invoices. No more accounts receivable. Very nice.

>> No.57324969
File: 48 KB, 1024x1024, 1705392810637909m.jpg [View same] [iqdb] [saucenao] [google]
57324969

>>57324917
>but who asked for this? what specific problem is this going to solve?
It solves trust issues, like the one between you and the nigger trying to sell you crack.

it's something we already solved with the classic middleman, but middlemen are not always trustworthy as well so we tried to implement automation like everything we did in our industrial civilization. Or at least it is supposed to do it.

>> No.57324985

>>57324954
>Now apply that concept to commercial logistics

Literally nobody does this

>> No.57325003

>>57324931
The problem is not using a lawyer, the problem is the contract should automatically recognize a contract break and communicate that to the lawyer and starting some kind of procedure.

>> No.57325004
File: 242 KB, 660x574, 16074633542455237.png [View same] [iqdb] [saucenao] [google]
57325004

>>57324969
>Or at least it is supposed to do it.

ok when does it start?

>> No.57325006

>>57324985
Yet.

>> No.57325051

>>57324917
Think about it like this: Do you enjoy having to call insurance and fight them everytime you need something that you're contractually paying for? If the answer is no - use a smart contract. No more bitchy greedy faggots telling you what you can or can't do with your money. Snap a picture of your car wreck, money gets insta deposited, self driving tow truck shows up in minutes, self driving uber picks u up and drops you off at the nearest hospital for an automated check up, another smart contract executes and contacts your boss to payout your sick leave, two minutes later another ghost driver uber picks u up and drops u off at the hottie AI nurse for the suck and fuck that u smart contractually signed years ago in case of need of a pick me up from depression. Hours after you've had your way with her, you arrive back home to a brand new car that drove to your house the second you snapped a pic of your car wreck, and, with everything taken care of in under a day, hassle free, you're ready to lie down and recover with all your needs met. Almost like it didn't happen at all.

>> No.57325057

>>57325004
i dunno, it's a big sci fi shit like what AI used to be some sci fi shit before improving with chatgpt at least until the faggot developers started to get asshurt about the racism

>> No.57325095

>>57324757
there isn't one. it's a meme, same as dapps, nft, defi. it's all distraction from value transfer. cryptoCURRENCY. anyone who fells for the memes got played by the banks to keep them from exiting their scam system. simple as.

>> No.57325127

>>57325006
It's been 8 years and all smart contract platforms are used for are dog coin and monkey picture trading

>> No.57325142

>>57325006
why would a company do this using a public blockchain requiring them to buy your shit token instead of doing it themselves?
protip: they won't
you got memed because you're retarded

>> No.57325405

>>57325051
>he thinks jew businesses will use smart contracts
LOL LMAO
>he doesn't realize they use contracts and legalese specifically so they can jew you out of what you paid for when you attempt to seek remedy.

>> No.57325448

>>57325142
>implying I hold stinkies

I just think smart contacts are cool.

>> No.57325458

>>57324917
>but who asked for this?
Humanity. It's the reason contracts exist to begin with.

>> No.57325495

>>57325142
>why would a company do this using a public blockchain requiring them to buy your shit token instead of doing it themselves?
This is like asking why would a company buy cars instead of designing and assembling their own.

>> No.57325496

>>57325448
>I just think smart contacts are cool.
then you're a retard

>> No.57325529

>>57325495
you're a retard. cars can't be copy/pasted

>> No.57325538

>>57325529
>autist doesn't understand subtext
Figures

>> No.57325562

>>57325538
enlighten me then, genius

>> No.57325573

>>57324893
its not a contract though its a deployment to an address when funds are given

>> No.57325580

>>57325562
sure, here
>>57325495

>> No.57325592

>>57325405
The companies without blackbox operators will get business and the others wont. The marketplace will force businesses to adopt the trustless backend.

>> No.57325595

>>57325580
circular argument
classic midwit

>> No.57325604

>>57325595
>circular argument
It's only circular because you don't understand the argument.
Figures.

>> No.57325628

>>57325592
lmao. keep waiting on that

>> No.57325637

>>57325604
>no u
retard

>> No.57325650

>>57325637
Concession accepted.

>> No.57325656

>>57325650
concession accepted

>> No.57325664

>>57325656
>concession accepted
Correct, I accepted your concession. No need to quote me.

>> No.57325677

>>57325051
>Snap a picture of your car wreck, money gets insta deposited,
How tf does that even work. What if you submitted a fake picture. Who's the judge of the claim here?? You accidentally gave an example where the nuances of reality actually prevent smart contracts for working.

>> No.57325693

>>57325495
Setting up a token is much easier than buying a car, let alone building a factory that builds cars, so this equivalence is kind of stupid

>> No.57325696

>>57325664
not a quote

>> No.57325707

>>57325696
>not a quote
>it's literally an exact quote of what I said
Concession accepted again.

>> No.57325710

>>57324954
How does the smart contract knows the goods are delivered?

>> No.57325731

>>57325707
greentext is quote
and you're retarded

>> No.57325736

>>57325731
Not an argument.
Concession accepted.

>> No.57325749

>>57325736
correct. it's a statement and you're still retarded.

>> No.57325761

>>57325749
>correct
There you go, you just admitted that I'm correct in accepting your concession.
Concession very much accepted.

>> No.57325802

>>57325761
>doubling down on being retarded to pretend you're not retarded for typing this >>57325495
lmao

>> No.57325814

>>57325802
>doubling down on being retarded
But enough about your biography.
Concession accepted.

>> No.57325858

>>57325677
>What is a license plate, id, metadata, kyc, etc etc
Fucking retard, even if you somehow manage to fake the data they could just have a self driving drone fly by and verify it. It's 2024 holy fuck kys.

>> No.57325882

>>57325405
That's the point faggot, it's trustless and decentralized precisely for that reason. Once people figure out they are getting assraped for not using smart contracts, those companies will burn.

>> No.57325901

>>57324757
I like Tether, a smart contract

>> No.57325944

>>57324917
I can put my money on a contract providing liquidity for degenerates to gamble and I do 20% yearly interest on that anon, all of it cryptographically secured (as long as the programmer isn't shit).

Maybe 7 years ago people would have bothered to argue with you but these days noone gives a shit anymore, the money is here, you're just a midwit missing out if you can't figure it out.

>> No.57325947

>>57324917
>what specific problem is this going to solve?
None, that is the whole reason our civilized societies have 100s of years of legal frameworks built, tried, and expanded. The entire commercial world functions due to treaties and international agreements ultimately built on top of the western foundation of law. Contract law doesn't need to be smart because humans are smart. There is a reason you pay a lawyer for important stuff.

>> No.57325974

>>57325858
Who's going to send the drone? Because if the drone belongs to the company and what the drone says goes against my claim, we're back at the original issue of the insurance company arguing with you about what you contracted exactly.
If the drone belongs to a neutral third party, who is maintaining that?

>> No.57326048

>>57325944
Which dex and what token?

>> No.57326069

>>57325974
>Who is maintaining that
The dao you have a stake in.

>> No.57326201

>>57326069
Are you just going to ignore the part where I point your solution ends up being equivalent to arguing with the company over the phone because reality is not discrete in the same way a computer is?

>> No.57326257

>>57326201
I didn't ignore you, i answered your fucking question.

>> No.57326466

>>57324757
this, entire crypto industry btfo

>> No.57326538

>>57324757
its about automation, getting rid of wagecucks and speeding up every process while making more money.