Smart Contracts are Contracts. Here’s why.
Exploring the Essence of Smart Contracts and Why it Matters
On Our Inability to Read Minds
Here’s an opener I’ve used in many of my lectures:
“Can we predict, with a high level of confidence, the exact response of an individual, given an external stimulus?”
The question often confuses a few of the participants.
Essentially, I am asking if we can guess (with accuracy!) someone’s reaction to a certain action.
Take the following simple example: can I know what you’ll do after I give you $1,000? Well, I can most likely correctly assume that you will be happy, but I cannot be sure of what exactly you will do after my charitable donation.
I don’t know if you will decide to give me a hug in the heat of the moment, call your mom to tell her the good news, go grab a beer to celebrate, or do something I couldn’t even think of.