Crypto 101 | VIDEO: Andreas Antonopoulous: Ethereum Q&A: Impact of smart contracts on law and accounting (10 mins) - Super practical resource here today!! (Other videos inside post also)
Andreas M. Antonopoulos is an early pioneer, adopter & educator in the Bitcoin/Crypto space if you have not heard of him.
He routinely puts out some of the best information going. He speaks plainly and simply with some humour!
-- Andreas' Logo he uses for his branding, he is fun. That is the top of his head, looking down.
LOL.
He travels the world preaching the Bitcoin, Liberty, Crypto and Blockchain gospel and is one of the most well respected lecturers and teachers in the crypto world!
I always include a library of AA's videos in these posts, just like he does in every one of his YT channel videos. These are things for you to use, save, watch, share, and learn from if you have time now or come back to later if you wish. It's here to help you, with extra resources.
--
This resource showed up in my email inbox recently, have a watch, share it with those who are learning.
Follow Andreas & Barry on Twitter:
--
https://twitter.com/aantonop
https://twitter.com/BarryDutton
Published on Sept. 19th , 2017
Reading and writing the word of the law, but judging according to the spirit of the law - how does this apply to code for legal frameworks?
We already have plenty of institutions that allow you flexibility to have your problem adjudicated in front of an impartial judge or a jury of your peers. Law students will leave believing in the spirit of the law and be gradually ground down in the system of prosecution and courts until eventually they don't believe in anything other than winning the case. We are now looking at building systems where the outcome is known based on the formula of a neutral contract. It will not always work, sometimes it will backfire badly and we will have another DAO-saster. How can law create a safety net?
The worst case is that a smart contract fails and then parties in the contract geo-locate each other to sue them in whatever court they choose at the time. New York Convention on Arbitration, an international treaty that allows you to claim independent legal arbitration within a private system of law in 156 countries. Distinguishing between use and abuse of the system with normative judgement. In a system that has no spirit of law, only rule, there is no distinction between use and abuse; if the consensus algorithm allowed it, it is not abuse.
The lesson of TheDAO wasn't "do we fork or not fork?", it was that you don't put $150 million in an untested contract, you idiots! That is a lesson that is self-correcting because people got hurt. The caveat of these new systems is that they are free-market, collaborative, voluntary participation: caveat emptor - "buyer beware."
Is it true that "accounting jobs will be gone in five years because of smart contracts"? The jobs will not be gone, they will be radically transformed. If you don't embrace this new technology, or you fight it, you will find yourself in a smaller and smaller niche that is less important to the rest of the world.
Smart contracts are neither "smart," nor "contracts." They are programs which are rather 'dumb.' Decentralisation is a powerful force and we are living the century of decentralisation.
Andreas with a great quote here!
--
RELATED VIDEOS:
Hardware, Software, Trustware -
He routinely puts out some of the best information going. He speaks plainly and simply with some humour!
-- Andreas' Logo he uses for his branding, he is fun. That is the top of his head, looking down.
LOL.
He travels the world preaching the Bitcoin, Liberty, Crypto and Blockchain gospel and is one of the most well respected lecturers and teachers in the crypto world!
I always include a library of AA's videos in these posts, just like he does in every one of his YT channel videos. These are things for you to use, save, watch, share, and learn from if you have time now or come back to later if you wish. It's here to help you, with extra resources.
--
This resource showed up in my email inbox recently, have a watch, share it with those who are learning.
Follow Andreas & Barry on Twitter:
--
https://twitter.com/aantonop
https://twitter.com/BarryDutton
Published on Sept. 19th , 2017
Reading and writing the word of the law, but judging according to the spirit of the law - how does this apply to code for legal frameworks?
We already have plenty of institutions that allow you flexibility to have your problem adjudicated in front of an impartial judge or a jury of your peers. Law students will leave believing in the spirit of the law and be gradually ground down in the system of prosecution and courts until eventually they don't believe in anything other than winning the case. We are now looking at building systems where the outcome is known based on the formula of a neutral contract. It will not always work, sometimes it will backfire badly and we will have another DAO-saster. How can law create a safety net?
The worst case is that a smart contract fails and then parties in the contract geo-locate each other to sue them in whatever court they choose at the time. New York Convention on Arbitration, an international treaty that allows you to claim independent legal arbitration within a private system of law in 156 countries. Distinguishing between use and abuse of the system with normative judgement. In a system that has no spirit of law, only rule, there is no distinction between use and abuse; if the consensus algorithm allowed it, it is not abuse.
The lesson of TheDAO wasn't "do we fork or not fork?", it was that you don't put $150 million in an untested contract, you idiots! That is a lesson that is self-correcting because people got hurt. The caveat of these new systems is that they are free-market, collaborative, voluntary participation: caveat emptor - "buyer beware."
Is it true that "accounting jobs will be gone in five years because of smart contracts"? The jobs will not be gone, they will be radically transformed. If you don't embrace this new technology, or you fight it, you will find yourself in a smaller and smaller niche that is less important to the rest of the world.
Smart contracts are neither "smart," nor "contracts." They are programs which are rather 'dumb.' Decentralisation is a powerful force and we are living the century of decentralisation.
Andreas with a great quote here!
--
RELATED VIDEOS:
Hardware, Software, Trustware -
-- Andreas' Logo he uses for his branding, he is fun. That is the top of his head, looking down.
LOL.
He travels the world preaching the Bitcoin, Liberty, Crypto and Blockchain gospel and is one of the most well respected lecturers and teachers in the crypto world!
I always include a library of AA's videos in these posts, just like he does in every one of his YT channel videos. These are things for you to use, save, watch, share, and learn from if you have time now or come back to later if you wish. It's here to help you, with extra resources.
--
This resource showed up in my email inbox recently, have a watch, share it with those who are learning.
Follow Andreas & Barry on Twitter:
--
https://twitter.com/aantonop
https://twitter.com/BarryDutton
Published on Sept. 19th , 2017
Reading and writing the word of the law, but judging according to the spirit of the law - how does this apply to code for legal frameworks?
We already have plenty of institutions that allow you flexibility to have your problem adjudicated in front of an impartial judge or a jury of your peers. Law students will leave believing in the spirit of the law and be gradually ground down in the system of prosecution and courts until eventually they don't believe in anything other than winning the case. We are now looking at building systems where the outcome is known based on the formula of a neutral contract. It will not always work, sometimes it will backfire badly and we will have another DAO-saster. How can law create a safety net?
The worst case is that a smart contract fails and then parties in the contract geo-locate each other to sue them in whatever court they choose at the time. New York Convention on Arbitration, an international treaty that allows you to claim independent legal arbitration within a private system of law in 156 countries. Distinguishing between use and abuse of the system with normative judgement. In a system that has no spirit of law, only rule, there is no distinction between use and abuse; if the consensus algorithm allowed it, it is not abuse.
The lesson of TheDAO wasn't "do we fork or not fork?", it was that you don't put $150 million in an untested contract, you idiots! That is a lesson that is self-correcting because people got hurt. The caveat of these new systems is that they are free-market, collaborative, voluntary participation: caveat emptor - "buyer beware."
Is it true that "accounting jobs will be gone in five years because of smart contracts"? The jobs will not be gone, they will be radically transformed. If you don't embrace this new technology, or you fight it, you will find yourself in a smaller and smaller niche that is less important to the rest of the world.
Smart contracts are neither "smart," nor "contracts." They are programs which are rather 'dumb.' Decentralisation is a powerful force and we are living the century of decentralisation.
Andreas with a great quote here!
--
RELATED VIDEOS:
Hardware, Software, Trustware -
--
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Rules vs. Rulers -
The Scaling Rites of Passage -
Altcoins and the scaling debate -
Unlimited vs. Cypherpunks -
QUESTION & ANSWER:
Scaling is a moving target -
ICOs and financial regulation -
RELATED:
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Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and well-respected figures in bitcoin.
--
Follow on Twitter: @aantonop https://twitter.com/aantonop
Website: https://antonopoulos.com/
He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.
THE INTERNET OF MONEY, v1: https://www.amazon.co.uk/Internet-Mon...
MASTERING BITCOIN: https://www.amazon.co.uk/Mastering-Bi...
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Please note -- I will have limited internet access for awhile -- so PLEASE do not be upset that I cannot reply right away, or to everyone. I am dealing with some changes, and will have limited time online and will be happy if I get a few blog posts up a week.
--
Follow on Twitter: @aantonop https://twitter.com/aantonop
Website: https://antonopoulos.com/
He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.
THE INTERNET OF MONEY, v1: https://www.amazon.co.uk/Internet-Mon...
MASTERING BITCOIN: https://www.amazon.co.uk/Mastering-Bi...
Thanks for reading, have a nice day.
If you liked this blog post - please Resteem it and share good content with others!
--
Some of my recent blogs:
--
Most stock Images / Gif's day to day- usually via Giphy.com , Funny or Die.com, Imgur.com, PixaBay unless otherwise noted, with thanks.
If you feel my posts are undervalued or you want to donate to tip me - I would appreciate it very much.
--
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Please note -- I will have limited internet access for awhile -- so PLEASE do not be upset that I cannot reply right away, or to everyone. I am dealing with some changes, and will have limited time online and will be happy if I get a few blog posts up a week.
--
LiteCoin (LTC) - LKdsnvSXk9JW99EiNicFMGKc1FXiBo9tUE
Ethereum (ETH) - 0x3Ad69Ff057C9533ca667B2d7E3E557F5eeFd4477
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Please note -- I will have limited internet access for awhile -- so PLEASE do not be upset that I cannot reply right away, or to everyone. I am dealing with some changes, and will have limited time online and will be happy if I get a few blog posts up a week.
This is too many videos, you will do better with several separated post!
If you read the post, you will see I state I include a library each time. I separate the first/main one pretty clearly and like it says, if you want to watch more, use it as a library resource.
But of course, you read that!!!!
Clearly I did not, but I often disregard post that seem too long even thought the tittle call my attention.
https://twitter.com/BarryDutton/status/910562116528205824
Disclaimer: I am just a bot trying to be helpful.
Antonopolous is an OG thought leader in the space. His book, The Internet of Money, is a must read.
This post recieved an upvote from minnowpond. If you would like to recieve upvotes from minnowpond on all your posts, simply FOLLOW @minnowpond
I've watched quite a lot of his videos over the last several months. Too bad he isn't here on Steemit. In one of his videos he talks about memorizing your seed to cross borders to avoid civil asset forfeiture. I wrote about this today on my blog:
https://steemit.com/bitcoin/@zoidsoft/how-bitcoin-defeats-civil-asset-forfeiture/
It will be interesting to see how many lawyers make the jump to become coders in order to not be pink slipped by the ETH platform.