Nick Szabo  🔑

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.

your imagination for crypto law is weak

Instead of criticizing our imaginations why not come up with a concrete proposal? Not asking for a fully thought out system, even marginal directional suggestions relative to the status quo.

I suggested a middleware layer between existing legal systems and cryptoprotocols. @NickSzabo4 has suggested similar in the past in unpublished work. Classic enterprise solution and reduces catastrophic failure potential.

Indeed, an optional middleware layer for people who want their smart contracts to be reversible by third parties. I'm all for it.

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.