After reading @VladZamfir’s article fully I’m more convinced that we need @NickSzabo4 principles to avoid having populist Blockchain takeovers by absurdist trolls since you never know what they will come up with next.
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Yes. We can't possibly predict what savy contracting parties want or need in deal making. Every deal is different. Options are good. Nick is it possible to read more of your thoughts on the middle layer somewhere?
On my part it's only an idea, not a worked-out architecture. I do imagine a "choice of forum" , the addresses of the adjudicators, n-out-of-m of their keys can reverse the smart contract, distinct from "choice of law", instructions for adjudicators on what rules they should use.
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The nice thing is this is likely to be compliant with the
@SEC_News@SEC_Enforcement DAO ruling. Remember their problem was the centralized front end curation of@The_DAO_Project that undermined the principle of decentralization.Thanks. Twitter will use this to make your timeline better. UndoUndo
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Also, some parts of the smart contract could be specified as reversible and some not.
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Do you think it will be possible to provide a truly decentralized oracle network for that middle-layer?
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Thinking about it as a generic vague "oracle" is the wrong way to go. Rather I think the legal metaphors "choice of forum" and "choice of law" are likely to prove very useful in this context.
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Have you looked at
@Kleros_io yet? They're trying to build a decentralized arbitration system for Ethereum-based smart contracts. - 1 more reply
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Yep. Possibilities are limitless. Parties can be, and should be, free to choose how their k's work. Some deals, or parts of deals, may desire finality via nonrefundandable deposits. Nuanced deals may need an arb to ensure compliance b4 releasing $. These aren't scary ideas.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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Just want to point out the obvious point, but everyone should agree that this important conversation wouldn’t be happening now if it wasn’t for the brilliant catalyst penned by
@VladZamfir. Kudos.Thanks. Twitter will use this to make your timeline better. UndoUndo
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What about the privacy of that smart contract? I think they have to be optionally private, to avoid the exposure of details in public
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Did you see the team of Menapay. io ? Awesome !!
#MenaPay#menapayio@ilkercikrikcili@menapayio@menapay@TolgaOdoglu@bozistek@yusufbc@Burakbalikk@VitalikButerin@rogerkver@brockpierceThanks. Twitter will use this to make your timeline better. UndoUndo
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