Created and project managed by VitalikButerin
Could, in theory provide distributed contracts that would allow corporations to exist independent of government regulation. Could therefore counter my argument that Capitalism needs government. OnLibertarianism
Criticism (Specifically of Ethereum]]):
- No one needs Turing Complete smart-contracts : http://www.coindesk.com/turing-complete-smart-contracts/
- the requirement (trustably decentral computation) doesn't justify the extra overhead (ie. extra processing on all the nodes)
- meanwhile it can't be fully trustworthy because you rely on oracles which can in principle be bribed by other smart-contracts.
Compare : AgainstCryptoCurrencies
Added 2017-11-11 :
TheDAO was a major hack, a smart-contract that managed to steal money on the Ethereum blockchain.
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