We are also exploring to let the contractor and project owner decide who the mediator is.
Our goal is to make tools and services around Bitcoin that showcase some of it's features. There is more to Bitcoin than just HODL and trading.
Our goal is to make tools and services around Bitcoin that showcase some of it's features. There is more to Bitcoin than just HODL and trading.
All code has bugs and unforeseen unhandled corner cases. When code is law, all bugs and unhandled cases become law too. Do you want your law to veer into unhandled territory because your developers didn’t consider some random edge case?
Ergo, smart contracts are a completely broken idea. Sorry.
We are not doing an ICO, we are not even holding people's Bitcoin we only hold part of the keys to a contract, how can you consider this application a fraud, it's currently free to use. We may add paid features later on but it's free right now.
I agree with you on the topic of code is law can be a bad thing. But it can also have some positive aspects, like removing trusted 3rd parties! We are using Bitcoin Script, which unlike Solidity (Ethereum's smart contract language) it is very dumb, very strict and limited for the exact reason you stated.
Sorry, smart contacts are pretty worthless. The only real use ethereum has is for creating ICOs, which are all scams. You could argue that ethereum is a world class platform for running scams. How will this be anything different? If the language is bastardized so it is not Turing compete and is thus impossible to build anything complex, what point does it have?
You should actually click the link. It's a job/contract board where you pay with Bitcoin. The only "smart" part is that you can lock up your funds to show that the money exist but the actual execution is still centralized and backed by the existing legal system you talk about.
Not saying the service is good or bad but your rant is off topic!
Technically you can still build a lot with Bitcoin's limited scripting language. The lightning network being one.