Stuff like patent-trolling (and patents) suggest to me the law isn't so consistently trustworthy as you suggest.
Stuff like patent-trolling (and patents) suggest to me the law isn't so consistently trustworthy as you suggest.
After all, there are almost always small mistakes in complex systems. The system of case law is, essentially, a structured way of turning differing interpretations into a stricter framework over time.
My point is, the institution of law needs to be trusted, yet patent-trolling exists because the institution has failed to apply fair judgment and common sense such that ridiculous legal structures have prevailed.
But my point was the patent trolling exists because the law is unfavourable. Not because there is a system of mediation in place. If the patent system should be abolished or not doesn't really relate to how inconsistencies in contracts are handled, as far as I can see?
The legal system is complex and messy sometimes because moneyed interests have been keeping a thumb on the scales and sometimes because the world is complex and millions of people have spent hundreds of years patching bugs and extending the code to handle all the weird corner cases.
Smart contracts are a neat idea, but it is also kind of like the guy who wants to rewrite the production system in a weekend.
I also consider the strictness, and lack of third-party mediation a "pro", not a "con".