On Sun, Dec 31, 2017 at 5:07 AM, Jonathan Frederickson silverskullpsu@gmail.com wrote:
entire power structures have built up over millenia based around that and THIS IS THE FIRST TIME THE POWER TO NEGOTIATE CONTRACTS IS TRULY DECENTRALISED.
Well, sort of. The actual exchange of currency doesn't involve a third party, and in the case of e.g. Ethereum there's a lot of interesting stuff you can do within the network. But for most real-world contracts you need information from outside the network about whether one party actually fulfilled its obligations, and then you're back to the messy realities of human trust.
eeexactly.
whereas with blockchain and hashgraph that trust is a mathematical inviolate (cryptographical level of) certainty.
i may have assumed above that you would realise the significance of what an an "atomic transaction" means in relation to contracts. it means that a public declaration of a contract becomes atomic - indivisible - i.e. absolute and inviolate.... WITH NO THIRD PARTY AND REQUIRING NO THIRD PARTY DISPUTE ARBITRATION.
to a mathematically cryptographical level the contract IS absolute and inviolate.
for LITERALLY the first time in human history.
is that clear? it means we - humanity - can be free to make our own contracts with other people, at our *own* responsibility, not that of a government or a judge or a lawyer or *anyone* else but the person with whom we are dealing. directly.
the number of people who truly grasp the significance of that is... honestly... really quite small.
l.