When good engineers design or discuss a smart contract, they talk specifics & closely follow the money. Talking in euphemisms leads to security holes. Human institutions are far more subjective. Nevertheless, ...https://twitter.com/NickSzabo4/status/1152957111837478913 …
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My legal eagle buddies all approached me about bitcoin and smart contract coins, nothing else. You’re right on the money with this. Nick, was Satoshi directly referring to smart contracts here ? - would love your thoughts - https://bitcointalk.org/index.php?topic=750.msg8140#msg8140 …
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I looks like it to me, although that particular comment is a bit short on specifics.
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When I was at
@monaxhq all smart contract apps were a collaborative exercise between lawyers and engineers (both on staff). I think that’s still their MO.@compleatang calls the merged discipline “legal engineering.” -
Good to hear, this is a great way to go. Both because they are more complementary than competing approaches, and because lawyers and engineers each have much valuable knowledge to learn from each other.
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It was great fun. Tbqh the modes of thinking are actually fairly compatible. The lawyer’s job in that process is really to figure out what can be automated and what’s a discretionary input, and to limit discretion to the maximum permissible extent.
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Trust minimization rather than trust eradication.
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We work to blend the two at
@OpenLawOfficial (we have an awesome team of of legal engineers) - 1 more reply
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So true. For anyone interested in a deep-dive on this I've packed all my legal contract x smart contract philosophy into here: https://www.youtube.com/watch?v=hzbMPLxiht4 … Key approach is "qualified code deference" to get best of both worlds.
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Aha. An executable
#specification#language, top#legaltech idea
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"I think it will have a transformative impact for contracts where clarity of terms is important" -Sergey Clarity of terms refers to simpler times in my eyes.https://www.artificiallawyer.com/2016/07/22/al-interview-smart-contracts-could-help-reduce-corruption/ …
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Not that you two have a connection or anything.
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the idea that 'smart contracts' can one day replace warm body lawyers has never taken hold among the legal professionals, but we can argue that
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