These are self-executing contracts with the terms of the agreement directly written into code.
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Revaluation of Decentralization
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Bitcoin created a decentralized monetary system which can transfer money from one person to another. That only allowed for monetary transactions, there was no way to add conditions to those transactions:
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If the negative feelings come from broken agreements, you have three options for dealing with them and eliminating the negative consequences:
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VCs syndicate around 65% of their investments in an attempt to share risks, build reputation, reduce capital constraints and gain complimentary expertise.
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