Note on Multusig Organisation Structures
In a 2 of 3 multisig (stak pact) with two of your friends you are giving away your bitcoin to the honour of the group… In a smart which you might design to inforce the same agreemen you must rely on an oracle or unknown thirdparty for arbitration… When you start this multisig or smart contract stak pact arrangement you really don’t know what it is or whats going to happen (obvs its hard to predict the future) and this means it is difficult to program a complex smart contract correctlly. Conversely with the multisig you can assume that it will be governed by natural law of which you have a lifetime of expereince and of which you can undersatnd more deeply as you get to know your multisig friends. In the multisig the natural law of the group can be dynamic and you don’t to make a significant prediction at the start.
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ok. hmmm another way. Complex smart contracts have the oracle problem.
The “oracle problem” is essentially caused by “human factors”
“human factors” are to do with trust and “human relationships”
So it seems the best way to address this issue is to address it directly. With the multisig trust machines the “human relationship” is what you trust. It is the oracle.