Wow, thanks for these links. Big time :)
rad0

--
Most wheels need reinventing.

----- Original Message -----
> From: "Rob Myers" <[email protected]>
> To: [email protected]
> Sent: Thursday, 19 March, 2015 4:48:20 AM
> Subject: Re: [NetBehaviour] Bitcoin painting a picture of a kitten
> 
> On 18/03/15 07:45 PM, Pall Thayer wrote:
> > Honestly, I don't get the whole cryptocontract thing.
> 
> Like cryptocurrency, smart-contracts / crypto-contracts are a
> simplification. They're not (yet) like an employment contract or house
> insurance, they're more like buying a can of coke from a vending machine:
> 
> http://szabo.best.vwh.net/smart_contracts_idea.html
> 
> > To me, contracts
> > are too negotiable and flexible to be computer controlled. How does a
> > cryptocontract negotiate a difference in the interpretation of a
> > contract's terms? Granted, it's not something I've researched at all
> > but, to me, this gets into the realm of advanced AI and that's where I
> > go all skeptical.
> 
> Currently, smart contracts are just meant to be simple daemons that
> control easily identified resources like an amount of money, doing
> something with it in response to a well-defined set of inputs.
> 
> For an example of thinking through some of the negotiations/flexibility
> you mention, see here:
> 
> https://dappsforbeginners.wordpress.com/tutorials/two-party-contracts/
> 
> and for whether smart contracts are actually contracts in law and what
> this may mean, see here:
> 
> https://cyber.law.harvard.edu/events/luncheon/2014/04/difilippi
> 
> The idea that removing state interference from monetary transactions
> will make everything cheaper for us (whoever "us" is...) is naive,
> likewise the idea of contracts as unambiguous and uncaring code stripped
> of human fallibility and corruptability as an unalloyed good. But as the
> auction example shows, it's easy to reintroduce human safeguards into
> these systems.
> 
> Web search "Decentralized Autonomous Organization" for more fun stuff.
> 
> I have an article on socialist (rather than anarcho-capitalist...) DAOs
> coming up for Furtherfield...
> 
> - Rob.
> 
> 
> 
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