Sometime we ignore the most fundamental things, and mostly put judgement ahead from observed phenomena..in near future this is really an issue to resolve. We need to consider this more carefully and prudent in order to have a good position and credibility in all aspect of crypto world..
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Thank you for the comment @bagindooo. I think it is interesting how new technology can adjust human decision making. If you are dealing with a protocol where transactions are irreversible then it is rational to shift decision making energy far ahead of a transaction. Merely because you cannot put the pieces back together after a mistake - may in fact prevent many mistakes from happening in the first place!
I agree. The main goal for technological enhancement is to make life easier. Of course, everything will be put in accordance to the existed of economic, natural, social law and rules. This is a very long way to go to reach such as a firm social contract that agreed by all parties and stakeholder. Some one must put the issues on the table right? social contract as the resulted..got your point..thanks
Nice comment. You are right these protocols will have to coexist with current social arrangements. My objective with this post is to highlight how our systems may need to emphasize an earlier part of a transaction (negotiation/ex ante rule making) when the next generation of tools may prove both unforgeable and irreversible.
Thus we will sustain the social order in place and far better community in the future...