Unfiltered

This Mum is Why We Need Ethereum’s Smart Contracts

The world is fucked up and people will have you believe that this is nothing. This mum tried to pay her babysitter with ‘ice cream and a day of fun’.

When come to think of it how is this any different than the U.S administration telling government officials that dear people, the furlough have your incomes jacked so kindly negotiate will your landlords to accept services in return, as an act of alternative payment, of course, it is a great time of the year for barter!

Picture: ISTOCK GETTY / REDDIT

The world’s weirdest and stupidest things happen here. And it is all justified because we are a cool nation. The world is absurd and there is a lot of room for more and more danger, more and more dumb nonsense and more and more self-motivated, self-absorbed people, thank you capitalism dearest!

People use any way they get to come out of situations where money is leaking out of their pockets and flowing into another. This is why the cab services in so many countries failed until Uber happened. This is also why that a lot of tutors were unfairly paid especially when they were informally employed by relatives or neighbors or acquaintances. The world will do anything and use any logic they can find even if it is remotely plausible to get out of giving money.

People are nifty, self-centered and greedy. The frugality though is no reason for people to take illicit advantages of others. Especially not in the age of social media. But social media can help in creating awareness of such problems, it can not remedy or solve them, it can certainly not prevent them.

Nobody works for the fun of it, not even those working in Disneyland, in Hollywood productions, in casinos, and in bars. Unless, perhaps, instead of free ice cream they get free booze, the good one. Well. That could be. But the problem remains that nobody works for the fun of it, it adds to the experience but it can never be satisfying until the basic requirement is met, which is monetary.

The absence of contracts, the absence of formal contracts and agreements is why people get away. But that is only in the economies and countries that are relatively stronger and more privileged. For other economies, poorer nations and ill-governed people, things need to be much more well defined. For that, we need automation, self-clearance, and self-fulfillment of contracts. We need to put things in writing, make them unchangeable and once agreed on the negotiation terms, written in stone. This needs Blockchain and Ethereums Smart Contracts, no more, no less.

Khunsha Javed

A Filmmaker, PR enthusiast & Editor of BlockPublisher-Unfiltered. I like things that make my brain tingle. Email: khunsha@blockpublisher.com or editor.unfiltered@blockpublisher.com

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