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#80 – Vitalik Buterin: Ethereum, Cryptocurrency, and the Future of Money
Lex Fridman Podcast
Ethereum - The Basic Framework of Financial Contracts
A financial contract is just generally an agreement where kind of either one or two parties kind of put collateral in. And then they depending on a kind of certain conditions like this could involve prices of assets, it could involve other things. So the main idea that these contracts have to be enforced and trusted them. You have to trust that they will work out in a system where nobody can be trusted.
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