Most onchain contracts are motivated by eliminating the counterparty risk that comes from relying on a trusted third party. In this case, we get that benefit like usual, but I find it notable that we also (theoretically) get the benefit of not having to worry about principle actor corruption. It’s like being able to bet for your favorite sports team without creating a temptation for the athletes on that team to bet against themselves. For example, a trusted third party arbitrating futures c...
