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ChristianKl comments on Should we enable public binding precommitments? - Less Wrong
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Comments (19)
We already have legal contracts to do this. If I make a website and sell a product I however people to cooperate. They can make a contract with me and then I am precommitted to deliever them the product they paid for.
Contracts are limited in what they can include, and require a government to enforce them.
Ethereum contracts are also limited in what they can include. It's not qualitative different in that regard.
We are lucky and have governments in the western world that enforce our contracts and thus provide economic properity.