NODE 4a64d9a6Re: anonymous companies
"E. ALLEN SMITH" <EALLENSMITH@ocelot.Rutgers.EDU>Mon, 20 May 1996 18:02:49 +0800
From: IN%"unicorn@schloss.li" "Black Unicorn" 18-MAY-1996 11:16:57.48
> At 06:42 PM 5/16/96 -0700, Wei Dai wrote:
> > Solution: smart contracts. This is Nick Szabo's idea of building
> > contractual obligations into cryptographic protocols so that the parties
> > have no choice but to fullfil them. But again we don't know whether this
> > will actually work for this problem.
>But what happens when there are nuances or circumstances which contracts
>do not anticipate? This "complete" reliablity is also a curse for
>flexibility which fast moving entities need to survive.
That's an argument for combining them with escrow agencies. If the
escrow agency is less likely to need to intervene, then they'll charge less...
the principle of insurance company risk estimation.
-Allen
NODE 74eca3d3Re: anonymous companies
Black Unicorn <unicorn@schloss.li>Tue, 21 May 1996 02:07:00 +0800
On Mon, 20 May 1996, E. ALLEN SMITH wrote:
> From: IN%"unicorn@schloss.li" "Black Unicorn" 18-MAY-1996 11:16:57.48
>
> > At 06:42 PM 5/16/96 -0700, Wei Dai wrote:
> > > Solution: smart contracts. This is Nick Szabo's idea of building
> > > contractual obligations into cryptographic protocols so that the parties
> > > have no choice but to fullfil them. But again we don't know whether this
> > > will actually work for this problem.
>
> >But what happens when there are nuances or circumstances which contracts
> >do not anticipate? This "complete" reliablity is also a curse for
> >flexibility which fast moving entities need to survive.
Careful, I didn't write any of this.
>
> That's an argument for combining them with escrow agencies. If the
> escrow agency is less likely to need to intervene, then they'll charge less...
> the principle of insurance company risk estimation.
> -Allen
>
---
My preferred and soon to be permanent e-mail address:unicorn@schloss.li
"In fact, had Bancroft not existed, potestas scientiae in usu est
Franklin might have had to invent him." in nihilum nil posse reverti
00B9289C28DC0E55 E16D5378B81E1C96 - Finger for Current Key Information
Opp. Counsel: For all your expert testimony needs: jimbell@pacifier.com
NODE 73ab2e85Re: anonymous companies
Black Unicorn <unicorn@schloss.li>Tue, 21 May 1996 15:07:43 +0800
On Mon, 20 May 1996, Black Unicorn wrote:
> On Mon, 20 May 1996, E. ALLEN SMITH wrote:
>
> > From: IN%"unicorn@schloss.li" "Black Unicorn" 18-MAY-1996 11:16:57.48
> >
> > > At 06:42 PM 5/16/96 -0700, Wei Dai wrote:
> > > > Solution: smart contracts. This is Nick Szabo's idea of building
> > > > contractual obligations into cryptographic protocols so that the parties
> > > > have no choice but to fullfil them. But again we don't know whether this
> > > > will actually work for this problem.
> >
> > >But what happens when there are nuances or circumstances which contracts
> > >do not anticipate? This "complete" reliablity is also a curse for
> > >flexibility which fast moving entities need to survive.
>
> Careful, I didn't write any of this.
Woops, yes I did. Sorry everyone.
>
> >
> > That's an argument for combining them with escrow agencies. If the
> > escrow agency is less likely to need to intervene, then they'll charge less...
> > the principle of insurance company risk estimation.
> > -Allen
> >
>
> ---
> My preferred and soon to be permanent e-mail address:unicorn@schloss.li
> "In fact, had Bancroft not existed, potestas scientiae in usu est
> Franklin might have had to invent him." in nihilum nil posse reverti
> 00B9289C28DC0E55 E16D5378B81E1C96 - Finger for Current Key Information
> Opp. Counsel: For all your expert testimony needs: jimbell@pacifier.com
>
>
---
My preferred and soon to be permanent e-mail address:unicorn@schloss.li
"In fact, had Bancroft not existed, potestas scientiae in usu est
Franklin might have had to invent him." in nihilum nil posse reverti
00B9289C28DC0E55 E16D5378B81E1C96 - Finger for Current Key Information
Opp. Counsel: For all your expert testimony needs: jimbell@pacifier.com