From: Black Unicorn <unicorn@schloss.li>
Date: Tue, 21 May 1996 15:07:43 +0800
To: "E. ALLEN SMITH" <EALLENSMITH@ocelot.Rutgers.EDU>
Subject: Re: anonymous companies
In-Reply-To: <Pine.SUN.3.93.960520074656.29440B-100000@polaris.mindport.net>
Message-ID: <Pine.SUN.3.93.960520133534.11146A-100000@polaris.mindport.net>
MIME-Version: 1.0
Content-Type: text/plain


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