Question: Develop three separate and distinct scenarios where smart contracts would be a better choice than traditional contracts, making sure to explain your reasoning; (2) Explain

Develop three separate and distinct scenarios where smart contracts would be a better choice than traditional contracts, making sure to explain your reasoning;

(2) Explain three separate and distinct scenarios where traditional contracts would be a better choice than smart contracts, again making sure to explain your reasoning;

(3) Develop your recommendation as to how smart contracts should be regulated, particularly since they are self executing and do not have any specific legal jurisdiction. In particular, I would like to understand your thoughts on how you would resolve disputes involving smart contracts; for example, how would you resolve a claim that one of the parties to the contract was incompetent? Who would decide issue?

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