Why didn't R3 and Ripple use a smart contract? http://www.reuters.com/article/us-r3-ripple-lawsuit/blockchain-startup-r3-sues-competitor-ripple-idUSKCN1BJ27I …
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so smart contracts require that both parties trust each other?
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only a reasonable exception of trust. There is a reason that you cannot find iphone vending machines in the poorer parts of town.
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No, R3's require trusting R3.
End of conversation
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