This is a quite silly way to confuse smart Ks with traditional Ks.
"If you need to ask whether your smart contract is legally enforceable, you’re doing it wrong."http://elaineou.com/2016/12/05/can-smart-contracts-be-legally-binding/ …
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On a vending machine, isn't the user interface the "contract"?pic.twitter.com/tDAF7Ldo2L
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Naturally but how much in legal fees have you earned from grape soda vs. Diet Coke lawsuits?
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if (condition) { code } else (i.e. if unanticipated) { code }
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switch { condition X: code; condition Y: code; default (unanticipated): code }
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Yes. BUT cases for that `code` 2 be 100% automatable and "on chain" are few (now)
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Ergo most practical 4 higher complexity: else {passExecutionRightsTo($arbitrator)}
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That's called controlling the burden of lawsuit :-)https://twitter.com/NickSzabo4/status/811733645857681408 …
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No it doesn't assume that.
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100% en4cement on chain assumes "no unanticipated"
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Both right ;) Passing decision rights (currently) means human involvement != fully automated enforcement
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Preston, the point was to make legal enforcement irrelevant.
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only possible for a narrow spectrum currently
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when "enforcement" is on chain, e.g. crypto escrow
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@monaxHQ@NelsonMRosario@NickSzabo4@eiaine Yes we can - now on to the fun stuff! https://monax.io/2016/08/18/enforcing-legal-smart-contracts/ … -
I don't understand. An electronic contract is a "legal smart contract"?
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no, existing framework helps us build with context and prof.responsibility IRL.
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