>Right now, most of what the computers in the world do is to execute tasks we basically initiate. But increasingly our world is going to involve computers autonomously interacting with each other, according to computational contracts. Once something happens in the world—some computational fact is established—we’ll quickly see cascades of computational contracts executing. And there’ll be all sorts of complicated intrinsic randomness in the interactions of different computational acts.

I don't think it takes a math genius to see how this is a bad idea. In the same way that trading algorithms can get into a feedback loop that crash markets, these "computational contracts" can cause cascading failures that hurt society as a whole. This is why human intelligence is so critical in running society: it has the ability to question whether its "programming" is correct and having the intended effects, and adjust accordingly. Computational contracts have no such introspection, by definition. They resolve because the rules are satisfied, for better or worse.

And all of that isn't even considering the attack surface area for malicious actors to target.