1/ Successful Internet companies can usually be characterized by the phases of a deal (economist’s “contract”) they improve the most
-
5/ Amazon: search (matching buyers & sellers), performance (retail distribution oriented around home delivery).
6/ Uber: search (riders to drivers), negotiation (pricing algo), performance (route maps). AirBnB: search (matching houses & travelers).
![Guy Swann ⚡[Pay me in Bitcoin]](https://pbs.twimg.com/profile_images/1179969545613795330/djNzdtP__normal.jpg)
-
-
7/ Yelp + ratings on aforementioned sites: post-performance review & incentivization + buyers search for next sellers.
-
8/ In total, trillions of $ of value have been created by using internet to improve the way people make and perform deals with each other.
-
9/ Smart contracts: intentionally apply tech to enable more kinds of deals between more far-flung & differently lawed & cultured people
-
Will the legal community allow smart contracts on someone else's terms? https://www.thehutchreport.com/blog-post/2017/6/20/blockchain-smart-contracts-what-happens-if-they-are-not-honored …
-
If a court has jurisdiction over the parties—at least in the US—a court will exercise authority and analyze the “deal.” /1
-
What if the parties are individuals or small businesses in Guatemala dealing with same in Canada? Or in Albania with same in Zimbabwe?
-
It becomes a jurisdiction question and a question of whether a party can enforce a judgement.
- 5 more replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.