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NickSzabo4's profile
Nick Szabo 🔑
Nick Szabo 🔑
Nick Szabo  🔑
@NickSzabo4

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Nick Szabo  🔑

@NickSzabo4

Blockchain, cryptocurrency, and smart contracts pioneer. (RT/Fav/Follow does not imply endorsement). Blog: http://unenumerated.blogspot.com 

Joined June 2014

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    Nick Szabo  🔑‏ @NickSzabo4 Feb 24
    • Report Tweet

    Nick Szabo  🔑 Retweeted Nick Szabo  🔑

    When looking for legal role models for smart contracts, for example, I strongly recommend reading older contracts, even contracts from from the early European written contract tradition (late medieval), since they are much simpler & much more self-sufficient wrt background law.https://twitter.com/NickSzabo4/status/1099793354777214976 …

    Nick Szabo  🔑 added,

    Nick Szabo  🔑 @NickSzabo4
    Replying to @luis_branger @EricRWeinstein @nntaleb
    Common law, mostly yes, legislation and regulation, mostly no. Much of the modern statutory and regulatory books are destructive, enforced with very little regard to large indirect consequences.
    2:14 PM - 24 Feb 2019
    • 43 Retweets
    • 179 Likes
    • tammk Max Fang CoinLaw BitcoinWhiskers Namhvan11 BitBay celdeiro cristian ₿ Luis Branger Edward Radzivilovskiy
    14 replies 43 retweets 179 likes
      1. New conversation
      2.  ☠l̶̫͚̍̃͊́͐e̷̛̊́x̸-̴́̿n̷̛̜̣̥͛̋͛̓ǒ̶̾̿̒͂̈́̍d̸͛̔̀̽ë̵́ ☠‏ @lex_node Feb 24
        • Report Tweet
        Replying to @NickSzabo4

        I am working on something like this--a "simple code deference agreement." It's very much 'alpha release'/ 'not quite there yet' but shares the idea of simplicity.https://github.com/lex-node/SCoDA-Simple-Code-Deference-Agreement-/blob/master/SCoDA%20v.3.md …

        1 reply 0 retweets 3 likes
      3. Nick Szabo  🔑‏ @NickSzabo4 Feb 24
        • Report Tweet
        Replying to @lex_node

        Sounds interesting, but probably different from what I'm talking about.

        1 reply 0 retweets 0 likes
      4.  ☠l̶̫͚̍̃͊́͐e̷̛̊́x̸-̴́̿n̷̛̜̣̥͛̋͛̓ǒ̶̾̿̒͂̈́̍d̸͛̔̀̽ë̵́ ☠‏ @lex_node Feb 24
        • Report Tweet
        Replying to @NickSzabo4

        Do you have any links to examples of the kind of thing you're talking about?

        2 replies 0 retweets 0 likes
      5. Nick Szabo  🔑‏ @NickSzabo4 Feb 24
        • Report Tweet
        Replying to @lex_node

        Nick Szabo  🔑 Retweeted Nick Szabo  🔑

        https://twitter.com/NickSzabo4/status/1099818390355505153 …

        Nick Szabo  🔑 added,

        Nick Szabo  🔑 @NickSzabo4
        Replying to @billsmith4lyfe
        https://www.amazon.com/Medieval-Trade-Mediterranean-World-Robert/dp/0231123574 … which I used here https://nakamotoinstitute.org/contract-language/ …
        0 replies 1 retweet 3 likes
      6. End of conversation
      1. New conversation
      2. Ana Andria‏ @ana_andrianova Feb 24
        • Report Tweet
        Replying to @NickSzabo4

        Following the same intuition, we started looking into mutual and guilds☺️ How far back did you manage to go?

        1 reply 0 retweets 2 likes
      3. Nick Szabo  🔑‏ @NickSzabo4 Feb 24
        • Report Tweet
        Replying to @ana_andrianova

        Guilds had their own jurisdictions, held in the form of property, a topic I wrote about (albeit focusing on other kinds of jurisdictions as property, but the general legal patterns would have been the same at least in England): https://papers.ssrn.com/sol3/papers.cfm?abstract_id=936314 …

        1 reply 0 retweets 4 likes
      4. Ale, Jur‏ @AlePalJur Feb 24
        • Report Tweet
        Replying to @NickSzabo4 @ana_andrianova

        Actually I agree. And a future trend will be to have “lex mercatoria” on the blockchain, which means simplified set of rules for specific topic (in the spectrum of contractual relationships). We are doing that, in a legally compliant way, according the current legal frameworks.

        0 replies 0 retweets 2 likes
      5. End of conversation
      1. New conversation
      2. Bill Smith‏ @billsmith4lyfe Feb 24
        • Report Tweet
        Replying to @NickSzabo4

        Will have to dig some up - can't say I have ever seen a medieval k. But I have seen some from early 1900s contracts unfortunately and they are outrageously verbose, arcane and unnecessarily complex. Almost like they were drafted in a way to be undecipherable by layman.

        1 reply 0 retweets 2 likes
      3. Nick Szabo  🔑‏ @NickSzabo4 Feb 24
        • Report Tweet
        Replying to @billsmith4lyfe

        https://www.amazon.com/Medieval-Trade-Mediterranean-World-Robert/dp/0231123574 … which I used here https://nakamotoinstitute.org/contract-language/ …

        3 replies 0 retweets 4 likes
      4.  ☠l̶̫͚̍̃͊́͐e̷̛̊́x̸-̴́̿n̷̛̜̣̥͛̋͛̓ǒ̶̾̿̒͂̈́̍d̸͛̔̀̽ë̵́ ☠‏ @lex_node Feb 24
        • Report Tweet
        Replying to @NickSzabo4 @billsmith4lyfe

        thanks! will check it out. = )

        0 replies 0 retweets 2 likes
      5. End of conversation
      1. Bruce Fenton‏ @brucefenton Feb 24
        • Report Tweet
        Replying to @NickSzabo4

        Old laws and contracts are great. Lots less rent seeking, needless complexity and fluff, more plain language focused on the root important issues. I like the old securities laws and legal decisions as well, lots of focus on private property rights.

        0 replies 0 retweets 17 likes
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      1. pamela wright‏ @pamelawright Feb 27
        • Report Tweet
        Replying to @NickSzabo4

        Interesting. I gotta look at some of those late medieval contracts

        0 replies 0 retweets 1 like
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      1. Alonso ₿  ⚡ 🌊 🇨🇴‏ @AlonsoBTC Feb 24
        • Report Tweet
        Replying to @NickSzabo4

        The Magna Carta of 1215 is the prime example of written law.

        0 replies 0 retweets 0 likes
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      1. Dr. Ted Rivera, MBA, LTO‏ @MyMovies_USA Feb 25
        • Report Tweet
        Replying to @NickSzabo4

        We are taking on entertainment law.

        0 replies 0 retweets 0 likes
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      1. New conversation
      2. Donald McIntyre  ☣️ 🗑️‏ @TokenHash Feb 24
        • Report Tweet
        Replying to @NickSzabo4

        The simplicity of Babylonian and other ancient codes?

        1 reply 0 retweets 3 likes
      3. Nick Szabo  🔑‏ @NickSzabo4 Feb 24
        • Report Tweet
        Replying to @TokenHash

        Yes, that's another good example, although culturally farther removed.

        1 reply 0 retweets 3 likes
      4. Ruminative Orangutan‏ @Ruminorang Feb 24
        • Report Tweet
        Replying to @NickSzabo4 @TokenHash

        I prefer pirate law

        0 replies 0 retweets 2 likes
      5. End of conversation
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