After product team receives the fund for their supposed goal but failed to reach the goal, the fund is returned to the supporters But what if the product team already used a portion if not all of the funds, who will cover the difference, or will just the remaining fund be returned to the supporters?
This seems like a terrible idea, especially in the case of Kickstarter. It seems to be more often than not, that on Kickstarter, funded projects continuously miss their deadlines and even commit downright fraud. In the case of having Kickstarter handle the funds, as an escrow like service, at least there is some recourse for getting your money back…
Hey several questions 1) Isn't Kickstarter the smart contract, all of the activities are automated and not done manually and something similar happens in smart contracts – what's the difference?
Finally a very clearly spoken and easy to understand video on this subject. I've watched three other videos on this thinking "how does this matter it seems very normal and not impressive"
When i watched 2 minutes of your video I thought "HOLY SHIT THIS IS BIG!"
Great video, and you explained very good and easy this is complex information. Thanks for the subtitles in Spanish 👍
Can you explain more about the limited Bitcoin support of smart contract?
After product team receives the fund for their supposed goal but failed to reach the goal, the fund is returned to the supporters
But what if the product team already used a portion if not all of the funds, who will cover the difference, or will just the remaining fund be returned to the supporters?
What is smart contract ? Series number
The implications for the future of our civilizations with these new ways of doing things are so amazing and I cannot wait
Great video, wonderfully explained
This seems like a terrible idea, especially in the case of Kickstarter. It seems to be more often than not, that on Kickstarter, funded projects continuously miss their deadlines and even commit downright fraud. In the case of having Kickstarter handle the funds, as an escrow like service, at least there is some recourse for getting your money back…
Are the use of smart contracts taxable events?
How do they tie in with the asset side of the blockchains?
Great video.
wow
Current Liked status:
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Looking Nice
No shit talking. Started right from the point.
Can some one give an example of a real world smart contract? Has any business actually used one?
Kind of like Escrow accounts
Wish I would've seen this video in 2017. I'd have over 100 ETH coins. Great video.
"Noone is in control of the contract" – until there's a DAO hack…
…still not sure how I feel about the Ethereum DAO rollback/fork.
Can blockchain work without smart contracts?
So can smart contracts give you interest on your investments?
How the scams could easily works:
Let say I am raising fund for $100, and I managed to raise $50.
All I need to do is to become one of the funder and put $50 in and i will get back $100…
Thank you so much, very good and concise explanation!
How are the contracts verified on the blockchain? Proof of work?
Can't wait for Cardano launch.
Thank you for the awesome explanations ❤️👏🏻🔥
Smart contract is not immutable……..Creators can still go thru the back door…hence why people get scammed when a smart contract is rugged
You are outstanding..
Love the channel . Simply explained
Hey several questions
1) Isn't Kickstarter the smart contract, all of the activities are automated and not done manually and something similar happens in smart contracts – what's the difference?
Is Etherium a Platform or a company or a programming language? pls tell
please can someone explain why you would need these in a cryptocurrency though, as I still do not understand? Is it just for token switching?
So it's like if Kickstarter had a network of non-trusting servers, and that's the only difference…
Why does this video say Ethereum is the biggest crypto that supports Smart Contracts then says Bitcoin does too
love your content. so simple
came here because of cardano. thanks!
Finally a very clearly spoken and easy to understand video on this subject. I've watched three other videos on this thinking "how does this matter it seems very normal and not impressive"
When i watched 2 minutes of your video I thought "HOLY SHIT THIS IS BIG!"