I want to know what kind of contracts people entered into before this where they thought they were being abused by a big corporation?
This seems like a noble endeavor, but not an entirely practical one. Both sides of a transaction have to agree to these smart contracts, so where is this an advantage (outside of internal crypto trading)?
A bunch of those many-to-one individual:corporation contracts (like phone service) are in such imbalanced markets that you'd have to overcome the power balance problem in order to get the other party to adopt the "smart" contract.
But if you can overcome the power balance problem, you can just fix the contracts directly anyway without them being smart?
This seems like a noble endeavor, but not an entirely practical one. Both sides of a transaction have to agree to these smart contracts, so where is this an advantage (outside of internal crypto trading)?