So far their lead team members have impressive track records with previous endeavors and fine technical expertise. But the downside is they got some serious concern regarding their core concept, Community supports is minimal, Slow project progress cost of technical difficulty
The Emotiq (EMTQ) team is seeking to make smart contracts ‘as easy to read as the newspaper’. And in that one quote lies the extraordinary challenge facing them. If we, regular people, reading an article, with our individual biases, and perspectives, and histories, and political predilections… and possibly even the fact that we have different dialects, linguistic mannerisms, levels of education, natural vocabularies… if we can’t agree if an article in the newspaper is #FAKENEWS or objective truth, how can we expect natural language smart contracts that any two parties can agree upon?
The argument that legal contracts can be ‘easily understood’ is fallacious, and conveys to us that despite their undoubted academic prowess, the team may have unrealistic expectations of their success.