ALWAYS make sure the entity you are contracting with exists and has the rights to contract over that subject matter: http://cointelegraph.com/news/114375/roger-ver-and-okcoin-squabble-over-bitcoincom-breach-of-contract …
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@NickSzabo4 100% agree. Big issue that is getting bigger with cross-border transactions more common for small entities.
@AmorSexton In some cases, with dry K terms much like the wet Ver/OKCXoin K, smart Ks on blockchain will radically lower these costs.
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@NickSzabo4 Costs of due diligence or execution of terms? I can see big advantages in hard coding execution up front. -
@AmorSexton Yes, e.g. keep supply chain's cash flows on blockchain, instead of trusting to pay. -
@NickSzabo4 You should talk to@HelderCardeira. He is looking at this for construction industry payments. -
@AmorSexton@HelderCardeira Thanks. This is too much for Twitter -- am writing a post.
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