I think we agree mostly. Isn't money a kind of contract as well? You trust the central bank / the government not to print too much of the currency. Bitcoin changes this structure. You don't have to trust the central bank, you trust the network to be stable/safe/whatever. Mike Hearn, in his talk at the Bitcon 2012, points out this was Satoshi's idea from the beginning. How could two parties interact, without direct mediation? So then the question is: how can two parties exchange property without intermediation? The two parties need the same "concept" of property. I think we can have types of interactions as well, through online plattforms. Imagine I can pull and fork a contract like a github-repo, then base software agents on an online contract.


You will have to define "decentralized market". Actually on current centralized markets you have quite a lot of intermediation, through brokers. If a broker / agent has a some freedom in negotiation we can call this discretion. Say like a trusted lawyer acting on one's behalf. The more you trust the agent the most freedom you will grant.