Iterating over the Traditional - Legal Approaches to Smart Contract Development

Post on 29-Jan-2015

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Designing smart contracts could follow many routes. Here are some thoughts from traditional lawyers as to how we often design contracts which could be used by smart contract designers.

transcript

Iterating over the Traditional:

Legal Approaches to Smart Contract Development

By: Casey Kuhlman

@compleatang

Introduction

Rule Number 1:

Use Your Funnels

Rule 1 Takeaway:

Stacks in Software

are the same as

Funnels in Contracting

Rule Number 2:

Keep Contracts Social

Rule 2 Takeaway:

Trust. Probably Not Going Anywhere.

Rule Number 3:

Define the Decision Space

Rule 3 Takeaway:

Ethereum Opens Up Dynamic Decision Spaces.

Conclusion