AllegalitySYSTEMS THAT CAN’T CARE

Gavin WoodETHEREUM

Decentralised SaaS (ÐSaaS)

Software specifies abstract rules of interaction between parties for a service

Abstract can become ConcreteValue transfer

ActuatorsOracles &c.

eBay, PayPal, Amazon all do this, right?

So what’s new?

SaaS vs ÐSaaS

SaaS has an operator:Operator is human or human-owned

Operator exists in “real” legal environment

ÐSaaS has no operator:Each ÐSaaS is truly a force of nature

Decentralised SaaS

Accordingly implemented, service cannot be, en masse, shut down.

Early examples: Bitcoin, Bittorrent

Forces of nature

Decentralised SaaS

Needs not care about the “human context” of transactions.

Force of nature

The State of the Game

Language

StructuredBoolean

Rules

Triv

ial

Am

men

dabl

eG

ener

al

Numeric Discrete

(Less Relevant) (More Relevant)

CRYPTO-CURRENCY

APP-COINS

CRYPTO-FINANCE

CRYPTO-LAW

Crypto-law, or platforms for arbitrary ÐSaaS

Real Soon Now

Changes

Can’t police ÐSaaS, must police users- but -

Limited resources for security

Two options:Security-by-saturation;Rethink what is illegal

Risks & Opportunities for Society

Changes

Changes

Greater transparency, openness, efficiency:

KYC and AML become trivial to implementTaxes become trivial to pay and audit

Far harder to hide things “under the table”

Changes

Liberalism, freedom and individual choice:

Harder to police “trends”Harder to shut down mutually beneficial deals

Harder to hide uncomfortable truths

Ultimately...

(De-facto) Laws will alter according to reformed social norms

Stage between could be volatile

Lawmakers:

Must work with new system to avoid painful disruption:

education,evidence-based decisions,

always maximise health & well-being

Lawmakers:

Avoid misuse of morality, prejudice, misunderstandings, myths

To all...

Renewed need for responsibility,tolerance and honesty

AllegalityGavin Wood

Questions?