Topic: Are Smart Contracts indeed Smart??? (Read 508 times)
Smart contracts are useful to the industry but they aren't smart enough to replace lawyers. For confirming payments or what projects are doing i.e locking funds into a release system it is a great product
I think in the future with the development of technology, smart contracts may well replace some professions.
I do not think it was intended to replace lawyers. 
It is just a smart technology to extend the payment options for Bitcoin users and to automate certain requirements before payments are done. You still have two parties that agree on these requirements and then one party configure this smart contract and the code handle the payment based on what was configured. 
I have yet to see any Bank offering such an automated payment feature to their client, without any intermediary.
That is what makes it so smart.
It is just a smart technology to extend the payment options for Bitcoin users and to automate certain requirements before payments are done. You still have two parties that agree on these requirements and then one party configure this smart contract and the code handle the payment based on what was configured. I have yet to see any Bank offering such an automated payment feature to their client, without any intermediary.
That is what makes it so smart.
Well smart contracts have been deisgned to execute payment in between people so in a way it sort of plays just a portion of the lawyer's duties. Technology keeps advancing and we don't know what would come up in the near future.
Smart contract is smart. It wasn't called SMART contract for no reason. The idea of "to replace lawyer" is a no for me although the use of smart contract is really efficient and can alleviate lives. It was made to make things easier and not to totally replace lawyers.
Smart contract is smart. It wasn't called SMART contract for no reason.
not sure if you already hear about other brands that was also called "smart" but they arent actually smart . one of them are just a brand of telco or telecomunication ( network service provider )
thats why i think smart contracts arent really smart . smart contract was just a brand name .
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The idea of "to replace lawyer" is a no for me
same here . no one can replace the actual/real lawyers . they studied for many years just to got that profession . we must respect them .
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It was made to make things easier and not to totally replace lawyers.
yes that was thier purpose , they didnt mean to replace anything . they just help us to live easier in the form on their service .
in my opinion smart contact is indeed very smart, and because I believe that smart contact has very good benefits, and that can be very useful for the future.
I did some research regarding Smart Contracts and I can say I did not conclude to anything specific.
Do you really believe that Smart Contracts can replace a lawyer?
And has anyone actually tried to have any kind of exchange and used one Smart contract?
Thanks, everyone in advance who will answer! I would love to hear some opinions.
Smart contract is smart. It wasn't called SMART contract for no reason. The idea of "to replace lawyer" is a no for me although the use of smart contract is really efficient and can alleviate lives. It was made to make things easier and not to totally replace lawyers. Do you really believe that Smart Contracts can replace a lawyer?
And has anyone actually tried to have any kind of exchange and used one Smart contract?
Thanks, everyone in advance who will answer! I would love to hear some opinions.
Do you really believe that Smart Contracts can replace a lawyer?
It seems that you have to go back to doing research, what is called a smart contract and what is its main function.You cannot connect between smart contracts with lawyers, they are two things that are mutually contradictory. The function of lawyers is to provide services to make legal agreements based on state letters. While smart contracts are the rules for running the system.
And has anyone actually tried to have any kind of exchange and used one Smart contract?
Some exchanges that use smart contracts are those from the ICO. so that investors believe that the project runs according to the rules of the smart contract. You might be able to read some ICO based exchanges. for example, bancor protocol.
Smart contracts in fact is a computer program that can not be bribed, there are a lot of examples of incompatible with lawyers, for example, you called a taxi, your account was debited funds, and if the conditions of your smart contract are not fulfilled, then you will get the money back, if executed, it will be written off, and in the future there will be no disputes, ie in such a situation, lawyers and not to anything. Of course, there are disadvantages to any technology, but I see more advantages in smart contracts, and I think they will eventually lead to ideal work.
We cannot under estimate the smart contracts platform, if that isn't smart enough why this being used in majority of the projects over many other blockchain platforms that are available. It's been termed a new technology, but it is the one that got the potential to give strong competence to bitcoin. I strongly believe smart contracts are smart enough to the growth of cryptocurrency.
Well if it comes to replacing a lawyer with smart contracts, that would be impossible. A smart contract is just a program and a lawyer is a different thing. A lawyer is human smart contracts are not. That's the point. I agree that smart contract is great when it comes to decentralized automation. But it is not enough and human trust is still the answer. Also, smart contracts would not be able to replace traditional contracts. Paper is still different as of now and smart contracts have the issue to solve still.
Of course, any technology has its pros and cons. Smart contracts also have their disadvantages, but they have many more advantages. If you compare with traditional contractual relations. Of course smart contracts cant replace some bodies such as a lawyer or a court, but I think that they were not created for this.
Do you really believe that Smart Contracts can replace a lawyer?
A friend so no one said that smart contracts should replace lawyers.Apparently you haven't really studied this feature.Smart contract means the final end of any transaction that people or companies have concluded between themselves. I did some research regarding Smart Contracts and I can say I did not conclude to anything specific.
Do you really believe that Smart Contracts can replace a lawyer?
And has anyone actually tried to have any kind of exchange and used one Smart contract?
Thanks, everyone in advance who will answer! I would love to hear some opinions.
Do you really believe that Smart Contracts can replace a lawyer?
And has anyone actually tried to have any kind of exchange and used one Smart contract?
Thanks, everyone in advance who will answer! I would love to hear some opinions.
They are obviously smart since they are precisely based upon AI. Of course it is still a new technology, but even with that limitation they perform extremely well.
Could they replace lawyers in the future? I believe they could do some of the work since the types of lawyers are many, man and machine can work together.
There are many aspects of smart contracts that may be used. Recently, they can be used for remote aggrements and they can save time for us. One day, it will become very sofisticated and may be used instead of a lawyer.
Humans created machines as well as smart contracts. Nothing is perfect in this world. Even systems get upgraded after a while. So, yes, smart contracts are limited within itself.
They do have capabilities to execute a task but cannot replace human capabilities. Smart contracts were designed to execute programs on the blockchain.
Smart contracts are smart enough to perform the given task but then we will also have to upgrade it timely to deal with the upcoming challenges.
They do have capabilities to execute a task but cannot replace human capabilities. Smart contracts were designed to execute programs on the blockchain.
Smart contracts are smart enough to perform the given task but then we will also have to upgrade it timely to deal with the upcoming challenges.
If he was developed by a good specialist, a professional in his field, of course he will be smart, but in general I think that he will work the way he has been programmed, for each company he has a smart contract. And its exact action is already indicated by people who take part in such projects. Since smart contracting involves broadcasting it is very interesting and can successfully respond in its own way.
This is something new, which again inspires confidence, has been heard a lot, and they really say that the clever, well-known HYIP projects of 2018 are built on contracts, and work for quite a long time as for HYIP. There is something in it that you need to try to understand exactly.
Thanks to the smart contract algorithm, automation is taking place, blockchain network connection processes. A smart contract guarantees security and openness of transactions, which completely makes a person calm about their investments. Now many projects are working on smart, and many of them are successfully moving forward, you can read the statistics, it is on the Internet.
I did some research regarding Smart Contracts and I can say I did not conclude to anything specific.
Do you really believe that Smart Contracts can replace a lawyer?
And has anyone actually tried to have any kind of exchange and used one Smart contract?
Thanks, everyone in advance who will answer! I would love to hear some opinions.
I believe people can break everything. Smart contracts are highly transparent based on the information stored on the Blockchain, but if disputes occur, everything uses laws to solve and smart contracts like legal evidence for that. Do you really believe that Smart Contracts can replace a lawyer?
And has anyone actually tried to have any kind of exchange and used one Smart contract?
Thanks, everyone in advance who will answer! I would love to hear some opinions.
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