The below is an off-site archive of all tweets posted by @lopp ever

March 19th, 2015

@WorldBitcoinNet I participated in the smart contracts Reddit thread and wrote up my thoughts here: twitter.com/lopp/status/57…

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7) Contract law experts will focus their efforts on innovative and complex cases, while common boring contracts will be easily generated.

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6) But if smart contracts become reality, the barrier to entry to forge a useful contract will be lowered substantially.

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5) If contracts become computer code, lawyers will still build contracts based off templates. They will still QA them against edge cases.

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4) If smart contracts become reality, it won’t eliminate lawyers, it will change the tools that they use to craft contracts.

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3) Some claim lawyers are necessary to anticipate potential problems and negotiate terms. Sure; complex contracts may require expert advice.

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2) Some claim smart contracts can’t work due to inevitable disputes. A well written contract should define arbiters for dispute mediation.

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1) There appears to be a great deal of skepticism with regard to the feasibility of smart contracts, even within the Bitcoin community.

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alansilbert @lopp here is one. fave quote: “breeding niche for criminals” nesl.edu/userfiles/file…

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Does anyone have links to articles written in the 90s about the Internet that portray it as a sketchy technology used by criminals?

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ErikVoorhees “The Rise and Rise of Bitcoin” now available for free to Amazon Prime Instant Video users amazon.com/Rise-Bitcoin-D…

via Twitter Web Client (retweeted on 12:17 PM, Mar 19th, 2015 via Twitter Web Client)