My first thought was why would one want their currency to be Turing-complete? It's actually a cool concept though. Being able to have your money make decisions opens all kinds of possibilities.
No it doesn't. Or rather— it's not necessary or sufficient: you can already trade distributed cryptocoins, and no amount of cryptocoin magic can completely distribute USD or other non-cryptocoin assets because their differential counterparty risk makes every promise different.
Comments
My first thought was why would one want their currency to be Turing-complete? It's actually a cool concept though. Being able to have your money make decisions opens all kinds of possibilities.
This allows for the implementation of a completely distributed trading platform.
No it doesn't. Or rather— it's not necessary or sufficient: you can already trade distributed cryptocoins, and no amount of cryptocoin magic can completely distribute USD or other non-cryptocoin assets because their differential counterparty risk makes every promise different.
You need a central agency ATM for trading coin. Those guys have to run wallets and do the transactions in non-trusted space. This skips that.
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