@WorldBitcoinNet I participated in the smart contracts Reddit thread and wrote up my thoughts here: https://t.co/wqKe5wWC7K
7) Contract law experts will focus their efforts on innovative and complex cases, while common boring contracts will be easily generated.
6) But if smart contracts become reality, the barrier to entry to forge a useful contract will be lowered substantially.
5) If contracts become computer code, lawyers will still build contracts based off templates. They will still QA them against edge cases.
4) If smart contracts become reality, it won’t eliminate lawyers, it will change the tools that they use to craft contracts.
3) Some claim lawyers are necessary to anticipate potential problems and negotiate terms. Sure; complex contracts may require expert advice.
2) Some claim smart contracts can’t work due to inevitable disputes. A well written contract should define arbiters for dispute mediation.
1) There appears to be a great deal of skepticism with regard to the feasibility of smart contracts, even within the Bitcoin community.
RT @alansilbert: @lopp here is one. fave quote: “breeding niche for criminals” http://t.co/IH0G6pWev6
Does anyone have links to articles written in the 90s about the Internet that portray it as a sketchy technology used by criminals?
@jefft Tor or vidalia?
RT @ErikVoorhees: “The Rise and Rise of Bitcoin” now available for free to Amazon Prime Instant Video users http://t.co/JrwhvVNYF2 #documen…
Oh, the irony… http://t.co/NoKtewPur7