People who keep touting smart contracts as "simplifying contracts" don't understand that litigating contracts is expensive because of human interpretation, not because someone forgot to write something down and get it notarized
-
Show this thread
-
The only place in the law that could use blockchain technology is land records, and even that doesn't make all that much sense given that what you really need is a *centralized* database, not a decentralized network.
31 replies 85 retweets 612 likesShow this thread -
Blockchain is an elaborate work-around for a *very specific problem*: verifying irreversible transfers of value without a centralized authority. In other words, it's a computationally burdensome way to hate the government.
71 replies 1,178 retweets 2,879 likesShow this thread -
Almost everything that is supposedly going to get solved with blockchain can be solved with some kind of version control hosted on a central server.
32 replies 218 retweets 795 likesShow this thread
This will be your version of Krugman's Internet.
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.