Are Smart Contracts indeed Smart???

[SistaFista]

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 not that smart i think. But smart contract can make many things easier than before.
For example if everything can be handled automatically, of course it will make us doing too much efforts.
I have not try smart contract in exchange, what i know is smart contract for sending coins or tokens.

[munareal]

Smart contracts are codes that automatically validates a condition and automatically determines what the program wants it to do. This is done in a  decentralized ledger that stores and replicates what is needed in a secured and immutability form so it is indeed smart.

[izzy13]

A Smart Contract is smart in its own definition. It ain't gonna replace any lawyer, at least not in these years ahead. And as the crypto universe keeps on growing, the Smart Contract itself is still open to be developed more and redefined.

[paymentbit21]

It is difficult to assume their 100% transparency, but as practice has shown, many projects, with the support of smart contracts, are successfully operating. It is better to practice everything here, to check, perhaps you should trust this new system. He is as smart as he is programmed. To many users, it gives confidence.

[silent2]

Smart contracts based on cryptography can provide security better than traditional contracts. Many people think that smart contracts are self-sufficient, but everyone has the right to express their opinion, sometimes pessimism can be a good safety net, and an excellent signal for correcting technical errors in the sets.

[gloriam5]

If you rely on information from Internet sources, then yes smart contracts are smart, and very promising in terms of security. I don’t know how it looks in practice, but in the future I plan to take part in projects that are based on "smart contracts", and I will make the final conclusion for myself, which I will share with you.

[belford11]

This is something new. It is interesting to see how projects will work, based on smart contracts, what the result will be, and whether investors will like it. According to the description of what is smart, what are its functions, and why it is needed, everything sounds perfect, as it is in practice, until you had to investigate. Automatic system facilitates the work of many, and this is a plus.

[V1ad99]

I watched a lot of commercials and read articles on smart contracts, and I have only a good impression and conclusions! The theory of the essence of "smart contract" is very perfectly formed, it remains to understand this in practice. I plan to participate in projects that take smart as a basis.

[kissme09]

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.

[Leon2_18]

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.

[Erik234]

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.

[Luce09]

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.

[pawanjain]

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.

[hxtop]

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.

[xWolfx]

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.
 

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.

[drumamat]

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.

[fumblingperch]

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.

[sheenshane]

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.

[romero121]

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.

[arkawa040]

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.