WEBVTT Kind: captions Language: en 00:00:18.050 --> 00:00:21.140 align:start position:0% next<00:00:19.050> up<00:00:19.199> we<00:00:19.380> have<00:00:19.410> a<00:00:19.529> talk<00:00:19.859> from<00:00:20.130> Bill<00:00:20.939> Murray 00:00:21.140 --> 00:00:21.150 align:start position:0% next up we have a talk from Bill Murray 00:00:21.150 --> 00:00:23.720 align:start position:0% next up we have a talk from Bill Murray no<00:00:21.420> he<00:00:21.779> is<00:00:21.990> a<00:00:22.020> lawyer<00:00:22.590> turned<00:00:23.130> computer 00:00:23.720 --> 00:00:23.730 align:start position:0% no he is a lawyer turned computer 00:00:23.730 --> 00:00:26.689 align:start position:0% no he is a lawyer turned computer scientist<00:00:24.539> and<00:00:24.720> he<00:00:25.289> is<00:00:25.529> turek<00:00:26.010> talking<00:00:26.460> about 00:00:26.689 --> 00:00:26.699 align:start position:0% scientist and he is turek talking about 00:00:26.699 --> 00:00:28.759 align:start position:0% scientist and he is turek talking about agreement<00:00:27.330> making<00:00:27.660> in<00:00:27.810> athyrium<00:00:28.349> from<00:00:28.680> a 00:00:28.759 --> 00:00:28.769 align:start position:0% agreement making in athyrium from a 00:00:28.769 --> 00:00:31.849 align:start position:0% agreement making in athyrium from a legal<00:00:28.980> perspective<00:00:29.570> bill<00:00:30.570> check<00:00:31.230> check<00:00:31.590> you 00:00:31.849 --> 00:00:31.859 align:start position:0% legal perspective bill check check you 00:00:31.859 --> 00:00:34.490 align:start position:0% legal perspective bill check check you guys<00:00:32.009> can<00:00:32.189> hear<00:00:32.309> me<00:00:32.460> okay<00:00:32.489> all<00:00:33.180> right<00:00:33.500> like 00:00:34.490 --> 00:00:34.500 align:start position:0% guys can hear me okay all right like 00:00:34.500 --> 00:00:37.580 align:start position:0% guys can hear me okay all right like Jesse<00:00:34.829> said<00:00:35.100> I<00:00:35.610> am<00:00:36.149> a<00:00:36.360> lawyer<00:00:36.540> and<00:00:36.690> I'm<00:00:37.230> also<00:00:37.440> a 00:00:37.580 --> 00:00:37.590 align:start position:0% Jesse said I am a lawyer and I'm also a 00:00:37.590 --> 00:00:39.889 align:start position:0% Jesse said I am a lawyer and I'm also a computer<00:00:38.070> science<00:00:38.370> student<00:00:38.399> at<00:00:38.969> Cornell<00:00:39.510> Tech 00:00:39.889 --> 00:00:39.899 align:start position:0% computer science student at Cornell Tech 00:00:39.899 --> 00:00:42.709 align:start position:0% computer science student at Cornell Tech in<00:00:40.110> New<00:00:40.200> York<00:00:40.350> City<00:00:40.500> so<00:00:41.399> today<00:00:42.210> I'm<00:00:42.480> going<00:00:42.660> to 00:00:42.709 --> 00:00:42.719 align:start position:0% in New York City so today I'm going to 00:00:42.719 --> 00:00:45.770 align:start position:0% in New York City so today I'm going to be<00:00:42.780> talking<00:00:43.050> about<00:00:43.820> how<00:00:44.820> some<00:00:45.120> contract<00:00:45.629> law 00:00:45.770 --> 00:00:45.780 align:start position:0% be talking about how some contract law 00:00:45.780 --> 00:00:48.170 align:start position:0% be talking about how some contract law issues<00:00:46.170> and<00:00:46.379> other<00:00:46.469> legal<00:00:46.860> issues<00:00:47.100> mess<00:00:47.730> mesh 00:00:48.170 --> 00:00:48.180 align:start position:0% issues and other legal issues mess mesh 00:00:48.180 --> 00:00:51.260 align:start position:0% issues and other legal issues mess mesh on<00:00:48.420> to<00:00:48.660> making<00:00:49.410> smart<00:00:49.950> contracts<00:00:50.399> in<00:00:50.700> athyrium 00:00:51.260 --> 00:00:51.270 align:start position:0% on to making smart contracts in athyrium 00:00:51.270 --> 00:00:54.350 align:start position:0% on to making smart contracts in athyrium and<00:00:51.449> I'm<00:00:51.930> actually<00:00:52.140> going<00:00:52.469> to<00:00:52.620> start<00:00:52.920> in<00:00:53.460> all 00:00:54.350 --> 00:00:54.360 align:start position:0% and I'm actually going to start in all 00:00:54.360 --> 00:00:59.060 align:start position:0% and I'm actually going to start in all places<00:00:54.539> in<00:00:55.230> Venice<00:00:56.129> actually<00:00:56.660> I<00:00:57.660> was<00:00:58.440> walking 00:00:59.060 --> 00:00:59.070 align:start position:0% places in Venice actually I was walking 00:00:59.070 --> 00:01:01.040 align:start position:0% places in Venice actually I was walking along<00:00:59.219> the<00:00:59.340> Greek<00:00:59.520> now<00:00:59.730> about<00:00:59.969> 18<00:01:00.300> months<00:01:00.840> ago 00:01:01.040 --> 00:01:01.050 align:start position:0% along the Greek now about 18 months ago 00:01:01.050 --> 00:01:03.020 align:start position:0% along the Greek now about 18 months ago with<00:01:01.289> my<00:01:01.410> beautiful<00:01:01.859> girlfriend<00:01:02.219> and<00:01:02.609> we 00:01:03.020 --> 00:01:03.030 align:start position:0% with my beautiful girlfriend and we 00:01:03.030 --> 00:01:05.899 align:start position:0% with my beautiful girlfriend and we happened<00:01:03.359> upon<00:01:03.480> a<00:01:03.660> man<00:01:03.930> who<00:01:04.260> had<00:01:04.530> a<00:01:04.909> Jason 00:01:05.899 --> 00:01:05.909 align:start position:0% happened upon a man who had a Jason 00:01:05.909 --> 00:01:08.899 align:start position:0% happened upon a man who had a Jason Voorhees<00:01:06.390> tattoo<00:01:06.900> on<00:01:07.140> his<00:01:07.560> leg<00:01:07.770> and<00:01:08.070> of<00:01:08.850> course 00:01:08.899 --> 00:01:08.909 align:start position:0% Voorhees tattoo on his leg and of course 00:01:08.909 --> 00:01:12.080 align:start position:0% Voorhees tattoo on his leg and of course I<00:01:09.119> got<00:01:09.270> very<00:01:09.479> excited<00:01:09.600> because<00:01:09.990> i<00:01:10.460> also<00:01:11.460> have<00:01:12.060> a 00:01:12.080 --> 00:01:12.090 align:start position:0% I got very excited because i also have a 00:01:12.090 --> 00:01:15.980 align:start position:0% I got very excited because i also have a Jason<00:01:12.689> Voorhees<00:01:13.080> tattoo<00:01:13.650> on<00:01:13.950> my<00:01:14.400> leg<00:01:14.580> I<00:01:15.210> got<00:01:15.840> it 00:01:15.980 --> 00:01:15.990 align:start position:0% Jason Voorhees tattoo on my leg I got it 00:01:15.990 --> 00:01:17.480 align:start position:0% Jason Voorhees tattoo on my leg I got it free<00:01:16.200> on<00:01:16.380> Craigslist<00:01:16.860> actually<00:01:17.250> and<00:01:17.340> it's<00:01:17.430> a 00:01:17.480 --> 00:01:17.490 align:start position:0% free on Craigslist actually and it's a 00:01:17.490 --> 00:01:19.280 align:start position:0% free on Craigslist actually and it's a really<00:01:17.700> good<00:01:17.850> story<00:01:18.030> that<00:01:18.240> I<00:01:18.270> can<00:01:18.420> tell<00:01:18.540> you<00:01:18.689> at 00:01:19.280 --> 00:01:19.290 align:start position:0% really good story that I can tell you at 00:01:19.290 --> 00:01:21.560 align:start position:0% really good story that I can tell you at the<00:01:19.409> bar<00:01:19.560> tonight<00:01:19.710> ow<00:01:20.450> you're<00:01:21.450> asking 00:01:21.560 --> 00:01:21.570 align:start position:0% the bar tonight ow you're asking 00:01:21.570 --> 00:01:22.880 align:start position:0% the bar tonight ow you're asking yourself<00:01:21.750> why<00:01:22.080> is<00:01:22.140> this<00:01:22.259> relevant<00:01:22.409> it's 00:01:22.880 --> 00:01:22.890 align:start position:0% yourself why is this relevant it's 00:01:22.890 --> 00:01:24.620 align:start position:0% yourself why is this relevant it's relevant<00:01:23.280> for<00:01:23.460> two<00:01:23.610> reasons<00:01:23.729> first<00:01:24.390> of<00:01:24.509> all 00:01:24.620 --> 00:01:24.630 align:start position:0% relevant for two reasons first of all 00:01:24.630 --> 00:01:27.499 align:start position:0% relevant for two reasons first of all it's<00:01:24.960> friday<00:01:25.200> the<00:01:25.259> 13th<00:01:25.710> and<00:01:26.240> second<00:01:27.240> of<00:01:27.330> all 00:01:27.499 --> 00:01:27.509 align:start position:0% it's friday the 13th and second of all 00:01:27.509 --> 00:01:29.569 align:start position:0% it's friday the 13th and second of all because<00:01:27.930> jason<00:01:28.470> voorhees<00:01:28.920> as<00:01:29.250> you<00:01:29.369> may 00:01:29.569 --> 00:01:29.579 align:start position:0% because jason voorhees as you may 00:01:29.579 --> 00:01:31.850 align:start position:0% because jason voorhees as you may remember<00:01:29.640> from<00:01:30.030> the<00:01:30.810> bevy<00:01:31.020> of<00:01:31.140> sequels<00:01:31.619> in<00:01:31.740> the 00:01:31.850 --> 00:01:31.860 align:start position:0% remember from the bevy of sequels in the 00:01:31.860 --> 00:01:35.710 align:start position:0% remember from the bevy of sequels in the franchise<00:01:32.210> was<00:01:33.210> an<00:01:33.770> unstoppable<00:01:34.770> force<00:01:35.130> and 00:01:35.710 --> 00:01:35.720 align:start position:0% franchise was an unstoppable force and 00:01:35.720 --> 00:01:38.060 align:start position:0% franchise was an unstoppable force and sometimes<00:01:36.720> when<00:01:37.049> you<00:01:37.200> create<00:01:37.590> a<00:01:37.619> smart 00:01:38.060 --> 00:01:38.070 align:start position:0% sometimes when you create a smart 00:01:38.070 --> 00:01:40.370 align:start position:0% sometimes when you create a smart contracts<00:01:38.670> in<00:01:38.790> a<00:01:38.880> fury<00:01:39.150> em<00:01:39.299> you're<00:01:39.810> creating 00:01:40.370 --> 00:01:40.380 align:start position:0% contracts in a fury em you're creating 00:01:40.380 --> 00:01:43.670 align:start position:0% contracts in a fury em you're creating an<00:01:40.560> unstoppable<00:01:41.400> force<00:01:42.229> and<00:01:43.229> that<00:01:43.290> affects 00:01:43.670 --> 00:01:43.680 align:start position:0% an unstoppable force and that affects 00:01:43.680 --> 00:01:45.380 align:start position:0% an unstoppable force and that affects some<00:01:43.950> of<00:01:44.100> the<00:01:44.220> contract<00:01:44.850> law<00:01:45.030> and<00:01:45.270> legal 00:01:45.380 --> 00:01:45.390 align:start position:0% some of the contract law and legal 00:01:45.390 --> 00:01:47.810 align:start position:0% some of the contract law and legal issues<00:01:45.930> surrounding<00:01:46.619> agreement<00:01:47.369> making<00:01:47.670> on 00:01:47.810 --> 00:01:47.820 align:start position:0% issues surrounding agreement making on 00:01:47.820 --> 00:01:50.080 align:start position:0% issues surrounding agreement making on the<00:01:47.970> platform<00:01:48.329> so<00:01:49.290> let<00:01:49.470> me<00:01:49.500> switch<00:01:49.710> gears 00:01:50.080 --> 00:01:50.090 align:start position:0% the platform so let me switch gears 00:01:50.090 --> 00:01:53.030 align:start position:0% the platform so let me switch gears we'll<00:01:51.090> put<00:01:51.360> a<00:01:51.390> pin<00:01:51.810> or<00:01:52.020> maybe<00:01:52.380> a<00:01:52.439> machete<00:01:52.829> in 00:01:53.030 --> 00:01:53.040 align:start position:0% we'll put a pin or maybe a machete in 00:01:53.040 --> 00:01:54.740 align:start position:0% we'll put a pin or maybe a machete in the<00:01:53.520> unstoppable<00:01:54.119> force<00:01:54.329> thing<00:01:54.509> for<00:01:54.630> a<00:01:54.659> little 00:01:54.740 --> 00:01:54.750 align:start position:0% the unstoppable force thing for a little 00:01:54.750 --> 00:01:57.380 align:start position:0% the unstoppable force thing for a little bit<00:01:54.899> let<00:01:55.710> me<00:01:55.799> just<00:01:55.979> define<00:01:56.280> contract<00:01:57.149> for<00:01:57.360> you 00:01:57.380 --> 00:01:57.390 align:start position:0% bit let me just define contract for you 00:01:57.390 --> 00:01:59.959 align:start position:0% bit let me just define contract for you this<00:01:58.049> is<00:01:58.259> the<00:01:58.380> definition<00:01:58.590> of<00:01:59.070> a<00:01:59.189> contract<00:01:59.700> at 00:01:59.959 --> 00:01:59.969 align:start position:0% this is the definition of a contract at 00:01:59.969 --> 00:02:02.929 align:start position:0% this is the definition of a contract at law<00:02:00.409> this<00:02:01.409> is<00:02:01.590> um<00:02:01.829> the<00:02:02.340> one<00:02:02.520> put<00:02:02.729> out<00:02:02.820> by 00:02:02.929 --> 00:02:02.939 align:start position:0% law this is um the one put out by 00:02:02.939 --> 00:02:04.370 align:start position:0% law this is um the one put out by cornell<00:02:03.299> university's<00:02:03.840> legal<00:02:03.990> information 00:02:04.370 --> 00:02:04.380 align:start position:0% cornell university's legal information 00:02:04.380 --> 00:02:06.410 align:start position:0% cornell university's legal information institute<00:02:04.950> which<00:02:05.549> is<00:02:05.579> a<00:02:05.700> great<00:02:05.880> resource<00:02:06.060> by 00:02:06.410 --> 00:02:06.420 align:start position:0% institute which is a great resource by 00:02:06.420 --> 00:02:09.650 align:start position:0% institute which is a great resource by the<00:02:06.479> way<00:02:06.860> contract<00:02:07.860> and<00:02:08.099> agreement<00:02:08.910> creating 00:02:09.650 --> 00:02:09.660 align:start position:0% the way contract and agreement creating 00:02:09.660 --> 00:02:12.530 align:start position:0% the way contract and agreement creating obligations<00:02:10.319> enforceable<00:02:11.039> by<00:02:11.190> law<00:02:11.550> now<00:02:12.090> some 00:02:12.530 --> 00:02:12.540 align:start position:0% obligations enforceable by law now some 00:02:12.540 --> 00:02:13.700 align:start position:0% obligations enforceable by law now some of<00:02:12.660> you<00:02:12.780> guys<00:02:12.900> who<00:02:13.110> have<00:02:13.230> been<00:02:13.260> here 00:02:13.700 --> 00:02:13.710 align:start position:0% of you guys who have been here 00:02:13.710 --> 00:02:16.190 align:start position:0% of you guys who have been here we<00:02:13.800> will<00:02:14.130> immediately<00:02:14.340> notice<00:02:14.760> that<00:02:15.540> this 00:02:16.190 --> 00:02:16.200 align:start position:0% we will immediately notice that this 00:02:16.200 --> 00:02:18.950 align:start position:0% we will immediately notice that this very<00:02:16.560> we<00:02:17.340> that<00:02:17.580> we<00:02:17.700> refer<00:02:18.120> to<00:02:18.150> things<00:02:18.570> here<00:02:18.930> in 00:02:18.950 --> 00:02:18.960 align:start position:0% very we that we refer to things here in 00:02:18.960 --> 00:02:21.680 align:start position:0% very we that we refer to things here in the<00:02:19.110> etherium<00:02:19.530> community<00:02:20.040> that<00:02:20.640> are<00:02:20.790> outside 00:02:21.680 --> 00:02:21.690 align:start position:0% the etherium community that are outside 00:02:21.690 --> 00:02:23.960 align:start position:0% the etherium community that are outside of<00:02:21.750> this<00:02:22.050> very<00:02:22.290> circumscribed<00:02:22.970> legal 00:02:23.960 --> 00:02:23.970 align:start position:0% of this very circumscribed legal 00:02:23.970 --> 00:02:27.530 align:start position:0% of this very circumscribed legal definition<00:02:24.510> of<00:02:24.600> contract<00:02:25.050> right<00:02:25.730> we<00:02:26.730> refer<00:02:27.150> we 00:02:27.530 --> 00:02:27.540 align:start position:0% definition of contract right we refer we 00:02:27.540 --> 00:02:28.700 align:start position:0% definition of contract right we refer we call<00:02:27.780> things<00:02:28.110> that<00:02:28.260> are<00:02:28.350> really<00:02:28.470> more<00:02:28.620> like 00:02:28.700 --> 00:02:28.710 align:start position:0% call things that are really more like 00:02:28.710 --> 00:02:32.180 align:start position:0% call things that are really more like processes<00:02:29.400> or<00:02:29.700> agents<00:02:30.560> contracts<00:02:31.560> you've 00:02:32.180 --> 00:02:32.190 align:start position:0% processes or agents contracts you've 00:02:32.190 --> 00:02:33.830 align:start position:0% processes or agents contracts you've probably<00:02:32.430> heard<00:02:32.580> it<00:02:32.730> all<00:02:32.820> week<00:02:33.000> if<00:02:33.240> you<00:02:33.630> go<00:02:33.780> to 00:02:33.830 --> 00:02:33.840 align:start position:0% probably heard it all week if you go to 00:02:33.840 --> 00:02:36.440 align:start position:0% probably heard it all week if you go to the<00:02:34.260> solidity<00:02:34.800> tutorial<00:02:35.520> you'll<00:02:36.150> see<00:02:36.330> that 00:02:36.440 --> 00:02:36.450 align:start position:0% the solidity tutorial you'll see that 00:02:36.450 --> 00:02:38.900 align:start position:0% the solidity tutorial you'll see that the<00:02:36.570> very<00:02:36.780> first<00:02:37.110> contract<00:02:37.980> on<00:02:38.160> there<00:02:38.340> is<00:02:38.490> a 00:02:38.900 --> 00:02:38.910 align:start position:0% the very first contract on there is a 00:02:38.910 --> 00:02:42.680 align:start position:0% the very first contract on there is a simple<00:02:39.840> storage<00:02:40.670> it's<00:02:41.670> really<00:02:41.820> more<00:02:42.000> like<00:02:42.060> an 00:02:42.680 --> 00:02:42.690 align:start position:0% simple storage it's really more like an 00:02:42.690 --> 00:02:44.540 align:start position:0% simple storage it's really more like an agent<00:02:43.020> you<00:02:43.320> know<00:02:43.410> it's<00:02:43.590> a<00:02:43.650> place<00:02:43.830> to<00:02:43.860> set<00:02:44.370> and 00:02:44.540 --> 00:02:44.550 align:start position:0% agent you know it's a place to set and 00:02:44.550 --> 00:02:48.140 align:start position:0% agent you know it's a place to set and get<00:02:44.700> data<00:02:45.620> conversely<00:02:46.760> sometimes<00:02:47.760> I<00:02:48.090> think 00:02:48.140 --> 00:02:48.150 align:start position:0% get data conversely sometimes I think 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under<00:02:55.920> that<00:02:56.240> legal<00:02:57.240> definitions 00:02:57.770 --> 00:02:57.780 align:start position:0% that falls under that legal definitions 00:02:57.780 --> 00:03:00.290 align:start position:0% that falls under that legal definitions umbrella<00:02:58.260> so<00:02:59.190> this<00:02:59.370> week<00:02:59.550> you've<00:02:59.730> also<00:02:59.940> heard 00:03:00.290 --> 00:03:00.300 align:start position:0% umbrella so this week you've also heard 00:03:00.300 --> 00:03:02.780 align:start position:0% umbrella so this week you've also heard about<00:03:01.050> things<00:03:01.380> like<00:03:01.650> rental<00:03:02.220> agreements 00:03:02.780 --> 00:03:02.790 align:start position:0% about things like rental agreements 00:03:02.790 --> 00:03:04.550 align:start position:0% about things like rental agreements mortgage<00:03:03.180> agreements<00:03:03.690> founders<00:03:04.050> agreements 00:03:04.550 --> 00:03:04.560 align:start position:0% mortgage agreements founders agreements 00:03:04.560 --> 00:03:06.320 align:start position:0% mortgage agreements founders agreements over-the-counter<00:03:05.220> derivatives<00:03:05.520> contracts 00:03:06.320 --> 00:03:06.330 align:start position:0% over-the-counter derivatives contracts 00:03:06.330 --> 00:03:09.050 align:start position:0% over-the-counter derivatives contracts insurance<00:03:07.170> contracts<00:03:07.620> and<00:03:07.830> then<00:03:08.340> that<00:03:08.760> a<00:03:08.790> bunt 00:03:09.050 --> 00:03:09.060 align:start position:0% insurance contracts and then that a bunt 00:03:09.060 --> 00:03:11.630 align:start position:0% insurance contracts and then that a bunt do<00:03:09.180> guys<00:03:09.360> like<00:03:09.660> prostitute<00:03:10.380> contract<00:03:10.800> I<00:03:11.010> never 00:03:11.630 --> 00:03:11.640 align:start position:0% do guys like prostitute contract I never 00:03:11.640 --> 00:03:13.550 align:start position:0% do guys like prostitute contract I never thought<00:03:11.760> of<00:03:12.090> bunt<00:03:12.270> you<00:03:12.420> would<00:03:12.600> be<00:03:12.720> the<00:03:13.290> ones<00:03:13.470> to 00:03:13.550 --> 00:03:13.560 align:start position:0% thought of bunt you would be the ones to 00:03:13.560 --> 00:03:17.000 align:start position:0% thought of bunt you would be the ones to go<00:03:13.740> there<00:03:13.920> what<00:03:14.820> it<00:03:14.940> happened<00:03:15.680> so<00:03:16.680> all<00:03:16.980> of 00:03:17.000 --> 00:03:17.010 align:start position:0% go there what it happened so all of 00:03:17.010 --> 00:03:19.220 align:start position:0% go there what it happened so all of these<00:03:17.280> are<00:03:17.670> like<00:03:18.240> I<00:03:18.330> said<00:03:18.480> under<00:03:18.780> that<00:03:18.930> kind<00:03:19.080> of 00:03:19.220 --> 00:03:19.230 align:start position:0% these are like I said under that kind of 00:03:19.230 --> 00:03:24.290 align:start position:0% these are like I said under that kind of legal<00:03:19.830> definition<00:03:21.140> and<00:03:22.730> baby<00:03:23.730> by<00:03:23.940> now<00:03:23.970> you're 00:03:24.290 --> 00:03:24.300 align:start position:0% legal definition and baby by now you're 00:03:24.300 --> 00:03:26.750 align:start position:0% legal definition and baby by now you're already<00:03:24.450> saying<00:03:24.750> like<00:03:25.020> you<00:03:25.260> know<00:03:25.290> what<00:03:26.100> what 00:03:26.750 --> 00:03:26.760 align:start position:0% already saying like you know what what 00:03:26.760 --> 00:03:28.130 align:start position:0% already saying like you know what what does<00:03:26.850> this<00:03:26.970> guy<00:03:27.090> talking<00:03:27.330> about<00:03:27.660> like<00:03:27.840> are<00:03:27.990> we 00:03:28.130 --> 00:03:28.140 align:start position:0% does this guy talking about like are we 00:03:28.140 --> 00:03:30.770 align:start position:0% does this guy talking about like are we here<00:03:28.350> to<00:03:28.410> kind<00:03:28.680> of<00:03:28.740> tear<00:03:29.460> down<00:03:29.760> contract<00:03:30.510> law 00:03:30.770 --> 00:03:30.780 align:start position:0% here to kind of tear down contract law 00:03:30.780 --> 00:03:33.800 align:start position:0% here to kind of tear down contract law and<00:03:31.250> maybe<00:03:32.250> tear<00:03:32.730> down<00:03:32.910> the<00:03:33.060> courts<00:03:33.510> and 00:03:33.800 --> 00:03:33.810 align:start position:0% and maybe tear down the courts and 00:03:33.810 --> 00:03:36.050 align:start position:0% and maybe tear down the courts and replace<00:03:34.170> these<00:03:34.410> things<00:03:34.740> with<00:03:35.130> um<00:03:35.370> I<00:03:35.610> think 00:03:36.050 --> 00:03:36.060 align:start position:0% replace these things with um I think 00:03:36.060 --> 00:03:37.790 align:start position:0% replace these things with um I think Gavin<00:03:36.630> actually<00:03:36.870> said<00:03:37.020> it<00:03:37.110> nicely<00:03:37.260> the<00:03:37.560> court 00:03:37.790 --> 00:03:37.800 align:start position:0% Gavin actually said it nicely the court 00:03:37.800 --> 00:03:42.580 align:start position:0% Gavin actually said it nicely the court of<00:03:37.890> the<00:03:37.980> Internet<00:03:38.540> and<00:03:39.540> the<00:03:40.490> answer<00:03:41.490> is<00:03:41.520> yes 00:03:42.580 --> 00:03:42.590 align:start position:0% of the Internet and the answer is yes 00:03:42.590 --> 00:03:45.410 align:start position:0% of the Internet and the answer is yes but<00:03:43.590> you<00:03:44.190> know<00:03:44.250> I'm<00:03:44.550> a<00:03:44.610> litigator<00:03:44.850> so<00:03:45.210> I<00:03:45.240> have 00:03:45.410 --> 00:03:45.420 align:start position:0% but you know I'm a litigator so I have 00:03:45.420 --> 00:03:48.290 align:start position:0% but you know I'm a litigator so I have sort<00:03:45.660> of<00:03:45.770> courtside<00:03:46.770> seats<00:03:47.250> that's<00:03:47.580> upon<00:03:47.910> to 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position:0% and this is kind of my thesis for today 00:03:55.140 --> 00:03:57.650 align:start position:0% and this is kind of my thesis for today I<00:03:55.170> don't<00:03:55.680> think<00:03:56.040> that<00:03:56.100> we<00:03:56.310> want<00:03:56.580> to<00:03:56.670> reject 00:03:57.650 --> 00:03:57.660 align:start position:0% I don't think that we want to reject 00:03:57.660 --> 00:03:59.450 align:start position:0% I don't think that we want to reject contract<00:03:57.930> law<00:03:58.320> I<00:03:58.500> think<00:03:58.800> as<00:03:58.950> we're<00:03:59.220> building 00:03:59.450 --> 00:03:59.460 align:start position:0% contract law I think as we're building 00:03:59.460 --> 00:04:01.970 align:start position:0% contract law I think as we're building out<00:03:59.760> this<00:03:59.880> platform<00:04:00.180> and<00:04:00.720> we're<00:04:01.620> thinking 00:04:01.970 --> 00:04:01.980 align:start position:0% out this platform and we're thinking 00:04:01.980 --> 00:04:04.970 align:start position:0% out this platform and we're thinking about<00:04:02.040> how<00:04:02.340> to<00:04:02.370> best<00:04:03.300> create<00:04:04.140> agreements<00:04:04.770> in 00:04:04.970 --> 00:04:04.980 align:start position:0% about how to best create agreements in 00:04:04.980 --> 00:04:08.060 align:start position:0% about how to best create agreements in the<00:04:05.070> fear<00:04:05.280> iam<00:04:05.460> smart<00:04:06.000> contracts<00:04:06.500> we<00:04:07.500> actually 00:04:08.060 --> 00:04:08.070 align:start position:0% the fear iam smart contracts we actually 00:04:08.070 --> 00:04:09.890 align:start position:0% the fear iam smart contracts we actually want<00:04:08.190> to<00:04:08.280> look<00:04:08.520> at<00:04:08.850> contract<00:04:09.300> law<00:04:09.510> we<00:04:09.660> want<00:04:09.840> to 00:04:09.890 --> 00:04:09.900 align:start position:0% want to look at contract law we want to 00:04:09.900 --> 00:04:11.300 align:start position:0% want to look at contract law we want to learn<00:04:10.020> from<00:04:10.260> it<00:04:10.440> we<00:04:10.560> want<00:04:10.680> to<00:04:10.830> embrace<00:04:11.010> it 00:04:11.300 --> 00:04:11.310 align:start position:0% learn from it we want to embrace it 00:04:11.310 --> 00:04:15.440 align:start position:0% learn from it we want to embrace it there's<00:04:12.090> a<00:04:12.150> couple<00:04:12.330> benefits<00:04:12.870> there<00:04:14.180> one<00:04:15.180> is 00:04:15.440 --> 00:04:15.450 align:start position:0% there's a couple benefits there one is 00:04:15.450 --> 00:04:19.550 align:start position:0% there's a couple benefits there one is that<00:04:16.130> if<00:04:17.130> we<00:04:17.160> create<00:04:18.049> contracts<00:04:19.049> legal 00:04:19.550 --> 00:04:19.560 align:start position:0% that if we create contracts legal 00:04:19.560 --> 00:04:22.010 align:start position:0% that if we create contracts legal contracts<00:04:20.070> we<00:04:20.370> protect<00:04:21.060> ourselves<00:04:21.210> against 00:04:22.010 --> 00:04:22.020 align:start position:0% contracts we protect ourselves against 00:04:22.020 --> 00:04:24.440 align:start position:0% contracts we protect ourselves against auto<00:04:22.560> enforcement<00:04:23.400> failing<00:04:23.760> and<00:04:23.970> maybe<00:04:24.270> in 00:04:24.440 --> 00:04:24.450 align:start position:0% auto enforcement failing and maybe in 00:04:24.450 --> 00:04:25.909 align:start position:0% auto enforcement failing and maybe in the<00:04:24.540> early<00:04:24.720> early<00:04:24.960> years<00:04:25.380> of<00:04:25.500> the<00:04:25.620> platform 00:04:25.909 --> 00:04:25.919 align:start position:0% the early early years of the platform 00:04:25.919 --> 00:04:26.629 align:start position:0% the early early years of the platform that 00:04:26.629 --> 00:04:26.639 align:start position:0% that 00:04:26.639 --> 00:04:29.149 align:start position:0% that happen<00:04:27.080> it<00:04:28.080> can<00:04:28.289> happen<00:04:28.469> two<00:04:28.740> different<00:04:29.039> ways 00:04:29.149 --> 00:04:29.159 align:start position:0% happen it can happen two different ways 00:04:29.159 --> 00:04:32.270 align:start position:0% happen it can happen two different ways right<00:04:29.430> you<00:04:29.999> can<00:04:30.120> have<00:04:30.270> something<00:04:30.530> that<00:04:31.530> auto 00:04:32.270 --> 00:04:32.280 align:start position:0% right you can have something that auto 00:04:32.280 --> 00:04:35.989 align:start position:0% right you can have something that auto enforces<00:04:33.210> and<00:04:34.219> even<00:04:35.219> when<00:04:35.279> it<00:04:35.400> auto<00:04:35.520> enforces 00:04:35.989 --> 00:04:35.999 align:start position:0% enforces and even when it auto enforces 00:04:35.999 --> 00:04:37.429 align:start position:0% enforces and even when it auto enforces a<00:04:36.029> party<00:04:36.479> you<00:04:36.539> will<00:04:36.629> say<00:04:36.810> well<00:04:37.020> it<00:04:37.110> wasn't<00:04:37.379> a 00:04:37.429 --> 00:04:37.439 align:start position:0% a party you will say well it wasn't a 00:04:37.439 --> 00:04:39.320 align:start position:0% a party you will say well it wasn't a real<00:04:37.650> contract<00:04:38.249> at<00:04:38.400> law<00:04:38.550> so<00:04:38.849> I'm<00:04:38.969> not<00:04:39.270> really 00:04:39.320 --> 00:04:39.330 align:start position:0% real contract at law so I'm not really 00:04:39.330 --> 00:04:42.830 align:start position:0% real contract at law so I'm not really bound<00:04:39.719> to<00:04:39.930> it<00:04:41.060> conversely<00:04:42.060> you<00:04:42.180> can<00:04:42.569> have<00:04:42.719> the 00:04:42.830 --> 00:04:42.840 align:start position:0% bound to it conversely you can have the 00:04:42.840 --> 00:04:46.339 align:start position:0% bound to it conversely you can have the opposite<00:04:43.289> which<00:04:43.979> is<00:04:44.719> you<00:04:45.719> can<00:04:45.870> have<00:04:46.020> something 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benefit from 00:05:01.830 --> 00:05:03.140 align:start position:0% track it closely we also benefit from contract<00:05:02.370> law<00:05:02.490> principles<00:05:02.969> you<00:05:03.060> know 00:05:03.140 --> 00:05:03.150 align:start position:0% contract law principles you know 00:05:03.150 --> 00:05:05.749 align:start position:0% contract law principles you know contract<00:05:03.629> law<00:05:03.840> was<00:05:04.560> at<00:05:04.710> one<00:05:04.919> time<00:05:04.949> a<00:05:05.460> lot<00:05:05.610> like 00:05:05.749 --> 00:05:05.759 align:start position:0% contract law was at one time a lot like 00:05:05.759 --> 00:05:07.850 align:start position:0% contract law was at one time a lot like etherium<00:05:06.240> it<00:05:06.569> was<00:05:06.779> an<00:05:06.900> invention<00:05:07.169> it<00:05:07.529> was<00:05:07.680> new 00:05:07.850 --> 00:05:07.860 align:start position:0% etherium it was an invention it was new 00:05:07.860 --> 00:05:10.959 align:start position:0% etherium it was an invention it was new and<00:05:08.009> shiny<00:05:08.250> and<00:05:08.550> its<00:05:09.120> purpose<00:05:09.360> was<00:05:09.689> to<00:05:09.800> create 00:05:10.959 --> 00:05:10.969 align:start position:0% and shiny and its purpose was to create 00:05:10.969 --> 00:05:13.820 align:start position:0% and shiny and its purpose was to create reliability<00:05:11.969> and<00:05:12.210> to<00:05:12.900> hold<00:05:13.139> people<00:05:13.590> to<00:05:13.620> their 00:05:13.820 --> 00:05:13.830 align:start position:0% reliability and to hold people to their 00:05:13.830 --> 00:05:17.089 align:start position:0% reliability and to hold people to their promises<00:05:14.340> and<00:05:15.110> so<00:05:16.110> I<00:05:16.139> think<00:05:16.289> we<00:05:16.500> can<00:05:16.680> we<00:05:16.949> can 00:05:17.089 --> 00:05:17.099 align:start position:0% promises and so I think we can we can 00:05:17.099 --> 00:05:18.679 align:start position:0% promises and so I think we can we can learn<00:05:17.219> from<00:05:17.279> its<00:05:17.610> principles<00:05:18.150> and<00:05:18.419> then 00:05:18.679 --> 00:05:18.689 align:start position:0% learn from its principles and then 00:05:18.689 --> 00:05:22.399 align:start position:0% learn from its principles and then lastly<00:05:19.139> if<00:05:19.919> we<00:05:20.729> are<00:05:21.150> careful<00:05:21.870> about<00:05:22.110> how<00:05:22.379> we 00:05:22.399 --> 00:05:22.409 align:start position:0% lastly if we are careful about how we 00:05:22.409 --> 00:05:24.709 align:start position:0% lastly if we are careful about how we treat<00:05:22.860> contract<00:05:23.520> law<00:05:23.759> and<00:05:24.060> other<00:05:24.180> laws<00:05:24.389> in 00:05:24.709 --> 00:05:24.719 align:start position:0% treat contract law and other laws in 00:05:24.719 --> 00:05:26.899 align:start position:0% treat contract law and other laws in these<00:05:24.870> early<00:05:25.020> years<00:05:25.349> I<00:05:25.650> think<00:05:26.310> that<00:05:26.370> we<00:05:26.669> can 00:05:26.899 --> 00:05:26.909 align:start position:0% these early years I think that we can 00:05:26.909 --> 00:05:29.300 align:start position:0% these early years I think that we can show<00:05:27.180> the<00:05:27.360> world<00:05:27.539> that<00:05:27.719> this<00:05:28.020> is<00:05:28.080> a<00:05:28.310> substitute 00:05:29.300 --> 00:05:29.310 align:start position:0% show the world that this is a substitute 00:05:29.310 --> 00:05:32.269 align:start position:0% show the world that this is a substitute for<00:05:29.339> legal<00:05:30.180> agreement<00:05:30.569> making<00:05:30.839> and<00:05:31.020> on<00:05:31.949> board 00:05:32.269 --> 00:05:32.279 align:start position:0% for legal agreement making and on board 00:05:32.279 --> 00:05:34.399 align:start position:0% for legal agreement making and on board a<00:05:32.430> lot<00:05:32.610> of<00:05:32.759> people<00:05:33.659> onto<00:05:33.779> the<00:05:33.930> platform<00:05:34.319> that 00:05:34.399 --> 00:05:34.409 align:start position:0% a lot of people onto the platform that 00:05:34.409 --> 00:05:40.159 align:start position:0% a lot of people onto the platform that way<00:05:36.020> okay<00:05:37.020> so<00:05:37.639> I'm<00:05:38.639> going<00:05:39.569> to<00:05:39.629> tell<00:05:39.870> you<00:05:39.900> guys<00:05:40.110> a 00:05:40.159 --> 00:05:40.169 align:start position:0% way okay so I'm going to tell you guys a 00:05:40.169 --> 00:05:44.450 align:start position:0% way okay so I'm going to tell you guys a couple<00:05:40.589> pointers<00:05:42.620> how<00:05:43.620> you<00:05:43.680> can<00:05:44.039> kind<00:05:44.219> of<00:05:44.279> look 00:05:44.450 --> 00:05:44.460 align:start position:0% couple pointers how you can kind of look 00:05:44.460 --> 00:05:46.219 align:start position:0% couple pointers how you can kind of look towards<00:05:44.819> contract<00:05:45.240> law<00:05:45.419> and<00:05:45.689> learn<00:05:45.839> from<00:05:45.870> it 00:05:46.219 --> 00:05:46.229 align:start position:0% towards contract law and learn from it 00:05:46.229 --> 00:05:48.230 align:start position:0% towards contract law and learn from it and<00:05:46.349> so<00:05:46.529> forth<00:05:46.830> and<00:05:47.099> I<00:05:47.580> want<00:05:47.789> this<00:05:47.879> to<00:05:47.939> be<00:05:48.060> an 00:05:48.230 --> 00:05:48.240 align:start position:0% and so forth and I want this to be an 00:05:48.240 --> 00:05:51.290 align:start position:0% and so forth and I want this to be an ongoing<00:05:48.360> discussion<00:05:48.810> you<00:05:49.229> know<00:05:49.349> as<00:05:50.089> you<00:05:51.089> heard 00:05:51.290 --> 00:05:51.300 align:start position:0% ongoing discussion you know as you heard 00:05:51.300 --> 00:05:53.389 align:start position:0% ongoing discussion you know as you heard I'm<00:05:51.659> a<00:05:51.689> lawyer<00:05:51.990> who's<00:05:52.439> in<00:05:53.039> school<00:05:53.279> for 00:05:53.389 --> 00:05:53.399 align:start position:0% I'm a lawyer who's in school for 00:05:53.399 --> 00:05:54.649 align:start position:0% I'm a lawyer who's in school for computer<00:05:53.699> science<00:05:53.729> and<00:05:54.180> I've<00:05:54.270> been<00:05:54.389> digging 00:05:54.649 --> 00:05:54.659 align:start position:0% computer science and I've been digging 00:05:54.659 --> 00:05:57.019 align:start position:0% computer science and I've been digging into<00:05:54.870> a<00:05:55.050> theorem<00:05:55.469> for<00:05:55.770> maybe<00:05:56.310> five<00:05:56.669> or<00:05:56.699> six 00:05:57.019 --> 00:05:57.029 align:start position:0% into a theorem for maybe five or six 00:05:57.029 --> 00:06:00.499 align:start position:0% into a theorem for maybe five or six months<00:05:57.210> maximum<00:05:58.310> so<00:05:59.310> these<00:05:59.939> are<00:06:00.089> kind<00:06:00.240> of<00:06:00.270> some 00:06:00.499 --> 00:06:00.509 align:start position:0% months maximum so these are kind of some 00:06:00.509 --> 00:06:02.420 align:start position:0% months maximum so these are kind of some of<00:06:00.629> my<00:06:00.750> observations<00:06:01.409> and<00:06:01.710> some<00:06:02.279> of<00:06:02.339> the 00:06:02.420 --> 00:06:02.430 align:start position:0% of my observations and some of the 00:06:02.430 --> 00:06:04.399 align:start position:0% of my observations and some of the things<00:06:02.610> I'm<00:06:02.759> thinking<00:06:02.789> about<00:06:03.360> and<00:06:03.689> let's<00:06:04.169> keep 00:06:04.399 --> 00:06:04.409 align:start position:0% things I'm thinking about and let's keep 00:06:04.409 --> 00:06:06.769 align:start position:0% things I'm thinking about and let's keep the<00:06:04.589> conversation<00:06:04.620> going<00:06:05.539> that's<00:06:06.539> kind<00:06:06.719> of 00:06:06.769 --> 00:06:06.779 align:start position:0% the conversation going that's kind of 00:06:06.779 --> 00:06:09.589 align:start position:0% the conversation going that's kind of the<00:06:07.199> overarching<00:06:07.589> theme<00:06:07.949> here<00:06:08.189> so<00:06:08.969> I'm<00:06:09.270> one 00:06:09.589 --> 00:06:09.599 align:start position:0% the overarching theme here so I'm one 00:06:09.599 --> 00:06:10.700 align:start position:0% the overarching theme here so I'm one thing<00:06:09.750> you<00:06:09.839> can<00:06:09.990> do<00:06:10.139> though<00:06:10.319> that<00:06:10.620> I've 00:06:10.700 --> 00:06:10.710 align:start position:0% thing you can do though that I've 00:06:10.710 --> 00:06:11.959 align:start position:0% thing you can do though that I've noticed<00:06:11.039> is<00:06:11.250> I<00:06:11.279> think<00:06:11.699> there's<00:06:11.819> a<00:06:11.849> lot<00:06:11.939> of 00:06:11.959 --> 00:06:11.969 align:start position:0% noticed is I think there's a lot of 00:06:11.969 --> 00:06:14.179 align:start position:0% noticed is I think there's a lot of benefit<00:06:12.389> to<00:06:12.419> learning<00:06:13.319> contract<00:06:13.680> law<00:06:13.949> and 00:06:14.179 --> 00:06:14.189 align:start position:0% benefit to learning contract law and 00:06:14.189 --> 00:06:15.950 align:start position:0% benefit to learning contract law and then<00:06:14.729> writing<00:06:15.000> functions<00:06:15.389> and 00:06:15.950 --> 00:06:15.960 align:start position:0% then writing functions and 00:06:15.960 --> 00:06:18.529 align:start position:0% then writing functions and choreographing<00:06:16.740> initializations<00:06:17.729> such<00:06:18.330> that 00:06:18.529 --> 00:06:18.539 align:start position:0% choreographing initializations such that 00:06:18.539 --> 00:06:21.740 align:start position:0% choreographing initializations such that you<00:06:18.659> closely<00:06:19.050> track<00:06:19.469> it<00:06:19.649> I<00:06:20.189> don't<00:06:20.909> think<00:06:21.060> that 00:06:21.740 --> 00:06:21.750 align:start position:0% you closely track it I don't think that 00:06:21.750 --> 00:06:24.320 align:start position:0% you closely track it I don't think that you<00:06:22.680> really<00:06:23.310> need<00:06:23.580> a<00:06:23.610> lawyer<00:06:23.879> to<00:06:24.000> learn 00:06:24.320 --> 00:06:24.330 align:start position:0% you really need a lawyer to learn 00:06:24.330 --> 00:06:25.850 align:start position:0% you really need a lawyer to learn contract<00:06:24.779> law<00:06:24.930> you<00:06:25.110> know<00:06:25.229> we're<00:06:25.409> in<00:06:25.439> the<00:06:25.710> age 00:06:25.850 --> 00:06:25.860 align:start position:0% contract law you know we're in the age 00:06:25.860 --> 00:06:29.749 align:start position:0% contract law you know we're in the age of<00:06:26.539> googling<00:06:27.539> and<00:06:27.779> auto<00:06:28.169> didacticism<00:06:29.099> I<00:06:29.520> think 00:06:29.749 --> 00:06:29.759 align:start position:0% of googling and auto didacticism I think 00:06:29.759 --> 00:06:31.999 align:start position:0% of googling and auto didacticism I think that's<00:06:29.909> a<00:06:30.029> word<00:06:30.349> where<00:06:31.349> you<00:06:31.469> can<00:06:31.620> pretty<00:06:31.889> much 00:06:31.999 --> 00:06:32.009 align:start position:0% that's a word where you can pretty much 00:06:32.009 --> 00:06:34.249 align:start position:0% that's a word where you can pretty much teach<00:06:32.550> yourself<00:06:33.000> anything<00:06:33.330> and<00:06:33.689> although<00:06:34.080> the 00:06:34.249 --> 00:06:34.259 align:start position:0% teach yourself anything and although the 00:06:34.259 --> 00:06:36.040 align:start position:0% teach yourself anything and although the legal<00:06:34.500> community<00:06:34.620> has<00:06:35.009> built<00:06:35.219> this<00:06:35.310> kind<00:06:35.580> of 00:06:36.040 --> 00:06:36.050 align:start position:0% legal community has built this kind of 00:06:36.050 --> 00:06:38.779 align:start position:0% legal community has built this kind of farcical<00:06:37.050> moat<00:06:37.440> around<00:06:37.769> legal<00:06:38.310> knowledge<00:06:38.430> I 00:06:38.779 --> 00:06:38.789 align:start position:0% farcical moat around legal knowledge I 00:06:38.789 --> 00:06:40.100 align:start position:0% farcical moat around legal knowledge I think<00:06:39.029> maybe<00:06:39.240> it's<00:06:39.419> time<00:06:39.599> for<00:06:39.810> us 00:06:40.100 --> 00:06:40.110 align:start position:0% think maybe it's time for us 00:06:40.110 --> 00:06:42.580 align:start position:0% think maybe it's time for us to<00:06:40.260> start<00:06:41.040> tearing<00:06:41.340> that<00:06:41.430> down<00:06:41.490> if<00:06:41.850> if<00:06:42.030> you<00:06:42.360> can 00:06:42.580 --> 00:06:42.590 align:start position:0% to start tearing that down if if you can 00:06:42.590 --> 00:06:48.260 align:start position:0% to start tearing that down if if you can debug<00:06:43.790> you<00:06:44.790> know<00:06:44.880> a<00:06:44.910> test<00:06:45.300> net<00:06:45.600> by<00:06:46.700> by<00:06:47.700> pouring 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down<00:07:00.000> a<00:07:00.150> little<00:07:00.300> bit<00:07:00.480> but<00:07:01.050> I'm<00:07:01.230> go 00:07:01.460 --> 00:07:01.470 align:start position:0% been cut down a little bit but I'm go 00:07:01.470 --> 00:07:03.560 align:start position:0% been cut down a little bit but I'm go home<00:07:01.650> read<00:07:02.010> about<00:07:02.130> these<00:07:02.280> things<00:07:02.520> I'm<00:07:03.060> here<00:07:03.480> to 00:07:03.560 --> 00:07:03.570 align:start position:0% home read about these things I'm here to 00:07:03.570 --> 00:07:07.610 align:start position:0% home read about these things I'm here to help<00:07:03.600> you<00:07:04.040> and<00:07:05.570> after<00:07:06.570> you<00:07:07.170> kind<00:07:07.380> of<00:07:07.440> get<00:07:07.560> a 00:07:07.610 --> 00:07:07.620 align:start position:0% help you and after you kind of get a 00:07:07.620 --> 00:07:09.200 align:start position:0% help you and after you kind of get a mastery<00:07:08.010> of<00:07:08.070> them<00:07:08.280> what<00:07:08.670> I<00:07:08.700> would<00:07:08.850> try<00:07:08.970> to<00:07:09.000> do 00:07:09.200 --> 00:07:09.210 align:start position:0% mastery of them what I would try to do 00:07:09.210 --> 00:07:14.060 align:start position:0% mastery of them what I would try to do is<00:07:09.420> write<00:07:10.340> contract<00:07:11.340> functions<00:07:12.170> and<00:07:13.170> also 00:07:14.060 --> 00:07:14.070 align:start position:0% is write contract functions and also 00:07:14.070 --> 00:07:15.860 align:start position:0% is write contract functions and also think<00:07:14.220> about<00:07:14.340> like<00:07:14.640> initializing<00:07:15.420> contracts 00:07:15.860 --> 00:07:15.870 align:start position:0% think about like initializing contracts 00:07:15.870 --> 00:07:18.920 align:start position:0% think about like initializing contracts in<00:07:16.080> ways<00:07:16.290> that<00:07:16.550> Hugh<00:07:17.550> closely<00:07:18.180> to<00:07:18.570> these 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built a contract here on stage 00:07:32.280 --> 00:07:34.850 align:start position:0% Alex they built a contract here on stage and<00:07:32.520> solidity<00:07:32.940> and<00:07:33.410> maybe<00:07:34.410> subconsciously 00:07:34.850 --> 00:07:34.860 align:start position:0% and solidity and maybe subconsciously 00:07:34.860 --> 00:07:37.970 align:start position:0% and solidity and maybe subconsciously they<00:07:35.160> did<00:07:35.430> a<00:07:35.460> really<00:07:35.550> good<00:07:36.120> job<00:07:36.180> of<00:07:36.980> tracking 00:07:37.970 --> 00:07:37.980 align:start position:0% they did a really good job of tracking 00:07:37.980 --> 00:07:40.190 align:start position:0% they did a really good job of tracking offer<00:07:38.520> and<00:07:38.940> acceptance<00:07:39.390> very<00:07:39.630> closely<00:07:39.870> so<00:07:40.170> I 00:07:40.190 --> 00:07:40.200 align:start position:0% offer and acceptance very closely so I 00:07:40.200 --> 00:07:42.050 align:start position:0% offer and acceptance very closely so I would<00:07:40.470> um<00:07:40.620> go<00:07:41.280> and<00:07:41.460> check<00:07:41.550> out<00:07:41.700> their<00:07:41.820> code 00:07:42.050 --> 00:07:42.060 align:start position:0% would um go and check out their code 00:07:42.060 --> 00:07:43.340 align:start position:0% would um go and check out their code after<00:07:42.270> you<00:07:42.480> have<00:07:42.570> a<00:07:42.630> chance<00:07:42.660> to<00:07:42.960> read<00:07:43.110> about 00:07:43.340 --> 00:07:43.350 align:start position:0% after you have a chance to read about 00:07:43.350 --> 00:07:47.020 align:start position:0% after you have a chance to read about offer<00:07:43.740> and<00:07:43.920> acceptance<00:07:44.250> and<00:07:44.400> so<00:07:44.550> forth<00:07:45.350> okay 00:07:47.020 --> 00:07:47.030 align:start position:0% offer and acceptance and so forth okay 00:07:47.030 --> 00:07:49.700 align:start position:0% offer and acceptance and so forth okay just<00:07:48.030> as<00:07:48.150> a<00:07:48.180> side<00:07:48.420> note<00:07:48.480> if<00:07:48.840> you<00:07:48.900> do<00:07:49.350> follow 00:07:49.700 --> 00:07:49.710 align:start position:0% just as a side note if you do follow 00:07:49.710 --> 00:07:53.030 align:start position:0% just as a side note if you do follow these<00:07:50.040> principles<00:07:50.280> really<00:07:50.910> closely<00:07:52.040> courts 00:07:53.030 --> 00:07:53.040 align:start position:0% these principles really closely courts 00:07:53.040 --> 00:07:55.310 align:start position:0% these principles really closely courts had<00:07:53.280> been<00:07:53.430> pretty<00:07:53.730> good<00:07:53.790> about<00:07:54.320> enforcing 00:07:55.310 --> 00:07:55.320 align:start position:0% had been pretty good about enforcing 00:07:55.320 --> 00:07:57.680 align:start position:0% had been pretty good about enforcing digital<00:07:55.980> agreements<00:07:56.670> when<00:07:57.000> they<00:07:57.180> contain 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align:start position:0% legislation that legitimized digital signatures<00:08:06.930> and<00:08:07.140> and<00:08:07.320> since<00:08:07.980> then<00:08:08.280> courts 00:08:08.900 --> 00:08:08.910 align:start position:0% signatures and and since then courts 00:08:08.910 --> 00:08:12.230 align:start position:0% signatures and and since then courts have<00:08:09.120> been<00:08:09.360> eager<00:08:09.750> to<00:08:10.230> enforce<00:08:10.980> all<00:08:11.400> sorts<00:08:12.180> of 00:08:12.230 --> 00:08:12.240 align:start position:0% have been eager to enforce all sorts of 00:08:12.240 --> 00:08:15.260 align:start position:0% have been eager to enforce all sorts of digital<00:08:12.570> agreements<00:08:13.050> from<00:08:13.760> people<00:08:14.760> creating 00:08:15.260 --> 00:08:15.270 align:start position:0% digital agreements from people creating 00:08:15.270 --> 00:08:17.060 align:start position:0% digital agreements from people creating an<00:08:15.420> agreement<00:08:15.900> by<00:08:16.170> emailing<00:08:16.560> back<00:08:16.710> and<00:08:16.860> forth 00:08:17.060 --> 00:08:17.070 align:start position:0% an agreement by emailing back and forth 00:08:17.070 --> 00:08:22.340 align:start position:0% an agreement by emailing back and forth to<00:08:18.410> click<00:08:19.410> wrap<00:08:19.620> agreements<00:08:20.130> so<00:08:21.060> bye-bye<00:08:21.480> like 00:08:22.340 --> 00:08:22.350 align:start position:0% to click wrap agreements so bye-bye like 00:08:22.350 --> 00:08:24.380 align:start position:0% to click wrap agreements so bye-bye like I<00:08:22.440> said<00:08:22.620> before<00:08:22.740> hewing<00:08:23.430> closely<00:08:24.060> to<00:08:24.270> these 00:08:24.380 --> 00:08:24.390 align:start position:0% I said before hewing closely to these 00:08:24.390 --> 00:08:26.150 align:start position:0% I said before hewing closely to these contract<00:08:24.840> law<00:08:24.960> building<00:08:25.350> blocks<00:08:25.560> you 00:08:26.150 --> 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really<00:08:34.890> map<00:08:35.220> onto 00:08:35.600 --> 00:08:35.610 align:start position:0% those things don't really map onto 00:08:35.610 --> 00:08:37.969 align:start position:0% those things don't really map onto functions<00:08:36.060> very<00:08:36.300> well<00:08:36.500> these<00:08:37.500> are<00:08:37.710> things 00:08:37.969 --> 00:08:37.979 align:start position:0% functions very well these are things 00:08:37.979 --> 00:08:40.730 align:start position:0% functions very well these are things like<00:08:38.180> choice<00:08:39.180> of<00:08:39.390> law<00:08:39.540> provisions<00:08:39.740> warranties 00:08:40.730 --> 00:08:40.740 align:start position:0% like choice of law provisions warranties 00:08:40.740 --> 00:08:43.250 align:start position:0% like choice of law provisions warranties and<00:08:40.920> dim<00:08:41.070> enough<00:08:41.100> occations<00:08:41.760> and<00:08:42.260> something 00:08:43.250 --> 00:08:43.260 align:start position:0% and dim enough occations and something 00:08:43.260 --> 00:08:45.140 align:start position:0% and dim enough occations and something that's<00:08:43.290> a<00:08:43.410> little<00:08:43.500> bit<00:08:43.620> more<00:08:43.860> specific<00:08:44.100> to<00:08:44.820> the 00:08:45.140 --> 00:08:45.150 align:start position:0% that's a little bit more specific to the 00:08:45.150 --> 00:08:47.420 align:start position:0% that's a little bit more specific to the etherium<00:08:45.600> universe<00:08:45.930> I<00:08:46.230> think<00:08:46.950> there's<00:08:47.160> a<00:08:47.220> lot 00:08:47.420 --> 00:08:47.430 align:start position:0% etherium universe I think there's a lot 00:08:47.430 --> 00:08:48.620 align:start position:0% etherium universe I think there's a lot of<00:08:47.460> benefit<00:08:47.850> to<00:08:47.880> having<00:08:48.090> these<00:08:48.360> kind<00:08:48.600> of 00:08:48.620 --> 00:08:48.630 align:start position:0% of benefit to having these kind of 00:08:48.630 --> 00:08:51.290 align:start position:0% of benefit to having these kind of ancillary<00:08:49.200> agreements<00:08:49.890> one<00:08:50.880> is<00:08:51.060> maybe 00:08:51.290 --> 00:08:51.300 align:start position:0% ancillary agreements one is maybe 00:08:51.300 --> 00:08:52.820 align:start position:0% ancillary agreements one is maybe something<00:08:51.750> that<00:08:51.870> choreographs<00:08:52.440> how<00:08:52.770> the 00:08:52.820 --> 00:08:52.830 align:start position:0% something that choreographs how the 00:08:52.830 --> 00:08:53.570 align:start position:0% something that choreographs how the parties<00:08:53.340> are 00:08:53.570 --> 00:08:53.580 align:start position:0% parties are 00:08:53.580 --> 00:08:55.640 align:start position:0% parties are going<00:08:53.730> to<00:08:53.820> call<00:08:54.000> functions<00:08:54.530> you<00:08:55.530> know 00:08:55.640 --> 00:08:55.650 align:start position:0% going to call functions you know 00:08:55.650 --> 00:08:57.440 align:start position:0% going to call functions you know contracts<00:08:56.160> are<00:08:56.250> not<00:08:56.370> self<00:08:56.640> waking<00:08:57.060> so<00:08:57.240> unless 00:08:57.440 --> 00:08:57.450 align:start position:0% contracts are not self waking so unless 00:08:57.450 --> 00:08:58.810 align:start position:0% contracts are not self waking so unless you're<00:08:57.600> using<00:08:57.750> something<00:08:58.200> like<00:08:58.320> Piper's 00:08:58.810 --> 00:08:58.820 align:start position:0% you're using something like Piper's 00:08:58.820 --> 00:09:01.700 align:start position:0% you're using something like Piper's amazing<00:08:59.820> alarm<00:09:00.030> clock<00:09:00.240> application<00:09:00.450> you<00:09:01.320> you 00:09:01.700 --> 00:09:01.710 align:start position:0% amazing alarm clock application you you 00:09:01.710 --> 00:09:03.800 align:start position:0% amazing alarm clock application you you want<00:09:01.950> to<00:09:02.130> agree<00:09:03.030> with<00:09:03.240> the<00:09:03.300> other<00:09:03.540> party 00:09:03.800 --> 00:09:03.810 align:start position:0% want to agree with the other party 00:09:03.810 --> 00:09:05.360 align:start position:0% want to agree with the other party beforehand<00:09:04.560> how<00:09:04.770> are<00:09:04.890> you<00:09:04.980> guys<00:09:05.100> are<00:09:05.190> going<00:09:05.280> to 00:09:05.360 --> 00:09:05.370 align:start position:0% beforehand how are you guys are going to 00:09:05.370 --> 00:09:07.610 align:start position:0% beforehand how are you guys are going to call<00:09:05.490> functions<00:09:05.880> and<00:09:06.290> related<00:09:07.290> to<00:09:07.380> that<00:09:07.410> as 00:09:07.610 --> 00:09:07.620 align:start position:0% call functions and related to that as 00:09:07.620 --> 00:09:08.690 align:start position:0% call functions and related to that as you<00:09:07.710> might<00:09:07.860> also<00:09:08.010> want<00:09:08.280> to<00:09:08.310> have<00:09:08.460> some 00:09:08.690 --> 00:09:08.700 align:start position:0% you might also want to have some 00:09:08.700 --> 00:09:11.330 align:start position:0% you might also want to have some policies<00:09:09.090> for<00:09:09.390> gas<00:09:09.690> reimbursement<00:09:10.100> so<00:09:11.100> all<00:09:11.310> of 00:09:11.330 --> 00:09:11.340 align:start position:0% policies for gas reimbursement so all of 00:09:11.340 --> 00:09:13.730 align:start position:0% policies for gas reimbursement so all of these<00:09:11.520> things<00:09:11.700> are<00:09:11.820> not<00:09:12.210> easy<00:09:12.510> at<00:09:12.780> least<00:09:12.840> right 00:09:13.730 --> 00:09:13.740 align:start position:0% these things are not easy at least right 00:09:13.740 --> 00:09:15.170 align:start position:0% these things are not easy at least right now<00:09:13.800> I<00:09:13.980> don't<00:09:14.400> see<00:09:14.580> ways<00:09:14.730> that<00:09:14.910> they<00:09:15.000> easily 00:09:15.170 --> 00:09:15.180 align:start position:0% now I don't see ways that they easily 00:09:15.180 --> 00:09:18.380 align:start position:0% now I don't see ways that they easily map<00:09:15.480> onto<00:09:15.780> functions<00:09:16.520> so<00:09:17.520> I<00:09:17.880> would<00:09:18.180> think 00:09:18.380 --> 00:09:18.390 align:start position:0% map onto functions so I would think 00:09:18.390 --> 00:09:19.640 align:start position:0% map onto functions so I would think about<00:09:18.540> them<00:09:18.840> and<00:09:19.050> think<00:09:19.230> if<00:09:19.320> there<00:09:19.440> are<00:09:19.530> other 00:09:19.640 --> 00:09:19.650 align:start position:0% about them and think if there are other 00:09:19.650 --> 00:09:21.980 align:start position:0% about them and think if there are other ways<00:09:19.980> you<00:09:20.280> can<00:09:20.460> build<00:09:20.790> them<00:09:21.030> into<00:09:21.270> your<00:09:21.600> smart 00:09:21.980 --> 00:09:21.990 align:start position:0% ways you can build them into your smart 00:09:21.990 --> 00:09:24.230 align:start position:0% ways you can build them into your smart contracts<00:09:22.500> there's<00:09:23.280> a<00:09:23.370> couple<00:09:23.550> of<00:09:23.730> hacks<00:09:23.910> here 00:09:24.230 --> 00:09:24.240 align:start position:0% contracts there's a couple of hacks here 00:09:24.240 --> 00:09:25.370 align:start position:0% contracts there's a couple of hacks here that<00:09:24.420> I've<00:09:24.510> been<00:09:24.600> looking<00:09:24.660> at<00:09:25.050> and<00:09:25.290> I'm 00:09:25.370 --> 00:09:25.380 align:start position:0% that I've been looking at and I'm 00:09:25.380 --> 00:09:27.200 align:start position:0% that I've been looking at and I'm definitely<00:09:25.560> curious<00:09:25.860> to<00:09:26.130> hear<00:09:26.370> you<00:09:27.090> guys 00:09:27.200 --> 00:09:27.210 align:start position:0% definitely curious to hear you guys 00:09:27.210 --> 00:09:30.290 align:start position:0% definitely curious to hear you guys ideas<00:09:27.810> these<00:09:28.440> are<00:09:28.590> everything<00:09:29.070> from<00:09:29.370> just 00:09:30.290 --> 00:09:30.300 align:start position:0% ideas these are everything from just 00:09:30.300 --> 00:09:31.640 align:start position:0% ideas these are everything from just putting<00:09:30.540> them<00:09:30.630> in<00:09:30.720> your<00:09:30.750> solidity<00:09:31.200> comments 00:09:31.640 --> 00:09:31.650 align:start position:0% putting them in your solidity comments 00:09:31.650 --> 00:09:33.170 align:start position:0% putting them in your solidity comments which<00:09:31.770> is<00:09:31.890> not<00:09:32.040> very<00:09:32.070> good<00:09:32.310> because<00:09:32.460> it<00:09:32.850> it 00:09:33.170 --> 00:09:33.180 align:start position:0% which is not very good because it it 00:09:33.180 --> 00:09:35.420 align:start position:0% which is not very good because it it doesn't<00:09:33.420> keep<00:09:33.690> it<00:09:33.930> you<00:09:34.800> know<00:09:34.860> holistically 00:09:35.420 --> 00:09:35.430 align:start position:0% doesn't keep it you know holistically 00:09:35.430 --> 00:09:37.400 align:start position:0% doesn't keep it you know holistically with<00:09:35.610> the<00:09:35.700> rest<00:09:35.880> of<00:09:36.030> the<00:09:36.090> contract<00:09:36.540> I<00:09:36.750> think 00:09:37.400 --> 00:09:37.410 align:start position:0% with the rest of the contract I think 00:09:37.410 --> 00:09:41.360 align:start position:0% with the rest of the contract I think things<00:09:37.680> like<00:09:37.920> swarm<00:09:38.490> I<00:09:38.880> PFS<00:09:39.600> Nats<00:09:40.170> spec<00:09:40.650> those 00:09:41.360 --> 00:09:41.370 align:start position:0% things like swarm I PFS Nats spec those 00:09:41.370 --> 00:09:43.970 align:start position:0% things like swarm I PFS Nats spec those might<00:09:41.640> be<00:09:41.670> good<00:09:42.150> places<00:09:42.780> to<00:09:42.990> stash<00:09:43.560> these 00:09:43.970 --> 00:09:43.980 align:start position:0% might be good places to stash these 00:09:43.980 --> 00:09:46.580 align:start position:0% might be good places to stash these other<00:09:44.220> things<00:09:44.720> so<00:09:45.720> I'm<00:09:45.840> looking<00:09:45.990> all<00:09:46.260> of<00:09:46.410> that 00:09:46.580 --> 00:09:46.590 align:start position:0% other things so I'm looking all of that 00:09:46.590 --> 00:09:49.340 align:start position:0% other things so I'm looking all of that I<00:09:46.830> think<00:09:47.490> byte<00:09:47.970> code<00:09:48.240> would<00:09:48.660> be<00:09:48.840> the<00:09:49.200> ideal 00:09:49.340 --> 00:09:49.350 align:start position:0% I think byte code would be the ideal 00:09:49.350 --> 00:09:51.800 align:start position:0% I think byte code would be the ideal place<00:09:49.890> to<00:09:50.280> stash<00:09:50.670> that<00:09:50.700> kind<00:09:51.060> of<00:09:51.120> stuff<00:09:51.330> but<00:09:51.540> I 00:09:51.800 --> 00:09:51.810 align:start position:0% place to stash that kind of stuff but I 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another thing is to engineer<00:10:00.480> evidentiary<00:10:01.380> lay<00:10:01.800> one<00:10:02.100> of<00:10:02.190> the<00:10:02.280> best 00:10:02.450 --> 00:10:02.460 align:start position:0% engineer evidentiary lay one of the best 00:10:02.460 --> 00:10:04.870 align:start position:0% engineer evidentiary lay one of the best things<00:10:02.640> about<00:10:02.730> law<00:10:03.000> school<00:10:03.030> is<00:10:03.540> it<00:10:03.720> kind<00:10:03.960> of 00:10:04.870 --> 00:10:04.880 align:start position:0% things about law school is it kind of 00:10:04.880 --> 00:10:07.790 align:start position:0% things about law school is it kind of teaches<00:10:05.880> you<00:10:06.000> to<00:10:06.030> start<00:10:06.390> thinking<00:10:06.500> with<00:10:07.500> eyes 00:10:07.790 --> 00:10:07.800 align:start position:0% teaches you to start thinking with eyes 00:10:07.800 --> 00:10:11.540 align:start position:0% teaches you to start thinking with eyes towards<00:10:08.490> court<00:10:09.770> you<00:10:10.770> know<00:10:10.890> everything<00:10:11.310> you<00:10:11.400> do 00:10:11.540 --> 00:10:11.550 align:start position:0% towards court you know everything you do 00:10:11.550 --> 00:10:12.770 align:start position:0% towards court you know everything you do your<00:10:11.730> kind<00:10:11.880> of<00:10:11.970> thinking<00:10:12.210> like<00:10:12.360> what<00:10:12.600> if<00:10:12.690> this 00:10:12.770 --> 00:10:12.780 align:start position:0% your kind of thinking like what if this 00:10:12.780 --> 00:10:16.010 align:start position:0% your kind of thinking like what if this winds<00:10:13.140> up<00:10:13.230> in<00:10:13.410> court<00:10:14.060> and<00:10:15.060> when<00:10:15.900> you're 00:10:16.010 --> 00:10:16.020 align:start position:0% winds up in court and when you're 00:10:16.020 --> 00:10:17.780 align:start position:0% winds up in court and when you're creating<00:10:16.170> smart<00:10:16.590> contracts<00:10:17.040> that<00:10:17.430> can<00:10:17.610> be<00:10:17.760> a 00:10:17.780 --> 00:10:17.790 align:start position:0% creating smart contracts that can be a 00:10:17.790 --> 00:10:19.370 align:start position:0% creating smart contracts that can be a useful<00:10:18.060> thing<00:10:18.270> even<00:10:18.720> if<00:10:18.780> we're<00:10:18.930> not<00:10:19.020> talking 00:10:19.370 --> 00:10:19.380 align:start position:0% useful thing even if we're not talking 00:10:19.380 --> 00:10:21.140 align:start position:0% useful thing even if we're not talking about<00:10:19.470> brick<00:10:20.220> and<00:10:20.370> mortar<00:10:20.580> chords<00:10:20.850> we<00:10:21.030> could 00:10:21.140 --> 00:10:21.150 align:start position:0% about brick and mortar chords we could 00:10:21.150 --> 00:10:22.940 align:start position:0% about brick and mortar chords we could be<00:10:21.240> talking<00:10:21.390> about<00:10:21.630> some<00:10:22.560> kind<00:10:22.590> of<00:10:22.740> digital 00:10:22.940 --> 00:10:22.950 align:start position:0% be talking about some kind of digital 00:10:22.950 --> 00:10:24.800 align:start position:0% be talking about some kind of digital dispute<00:10:23.460> resolution<00:10:23.940> distributed<00:10:24.480> dispute 00:10:24.800 --> 00:10:24.810 align:start position:0% dispute resolution distributed dispute 00:10:24.810 --> 00:10:27.830 align:start position:0% dispute resolution distributed dispute resolution<00:10:25.520> maybe<00:10:26.520> be<00:10:26.760> thinking<00:10:27.240> about<00:10:27.480> those 00:10:27.830 --> 00:10:27.840 align:start position:0% resolution maybe be thinking about those 00:10:27.840 --> 00:10:29.480 align:start position:0% resolution maybe be thinking about those things<00:10:28.050> while<00:10:28.290> you're<00:10:28.440> creating<00:10:28.920> your<00:10:28.950> smart 00:10:29.480 --> 00:10:29.490 align:start position:0% things while you're creating your smart 00:10:29.490 --> 00:10:31.670 align:start position:0% things while you're creating your smart contracts<00:10:29.970> and<00:10:30.240> I'm<00:10:30.720> going<00:10:30.840> to<00:10:30.870> t<00:10:31.140> this<00:10:31.440> up 00:10:31.670 --> 00:10:31.680 align:start position:0% contracts and I'm going to t this up 00:10:31.680 --> 00:10:34.610 align:start position:0% contracts and I'm going to t this up this<00:10:31.920> way<00:10:33.020> imagine<00:10:34.020> that<00:10:34.050> we<00:10:34.200> had<00:10:34.380> a<00:10:34.410> Venn 00:10:34.610 --> 00:10:34.620 align:start position:0% this way imagine that we had a Venn 00:10:34.620 --> 00:10:37.340 align:start position:0% this way imagine that we had a Venn diagram<00:10:34.790> okay<00:10:35.790> and<00:10:36.000> it<00:10:36.630> was<00:10:36.720> people<00:10:36.960> who<00:10:37.170> know 00:10:37.340 --> 00:10:37.350 align:start position:0% diagram okay and it was people who know 00:10:37.350 --> 00:10:39.530 align:start position:0% diagram okay and it was people who know solidity<00:10:37.770> and<00:10:38.040> then<00:10:38.730> people<00:10:38.970> in<00:10:39.180> this<00:10:39.270> room 00:10:39.530 --> 00:10:39.540 align:start position:0% solidity and then people in this room 00:10:39.540 --> 00:10:41.630 align:start position:0% solidity and then people in this room you<00:10:40.440> might<00:10:40.650> think<00:10:40.890> that<00:10:41.010> there's<00:10:41.250> probably<00:10:41.550> a 00:10:41.630 --> 00:10:41.640 align:start position:0% you might think that there's probably a 00:10:41.640 --> 00:10:44.120 align:start position:0% you might think that there's probably a lot<00:10:41.760> of<00:10:41.880> overlap<00:10:42.300> right<00:10:42.780> and<00:10:43.080> that<00:10:43.740> might<00:10:43.920> look 00:10:44.120 --> 00:10:44.130 align:start position:0% lot of overlap right and that might look 00:10:44.130 --> 00:10:46.640 align:start position:0% lot of overlap right and that might look like<00:10:44.400> Garfield's<00:10:45.300> eyes<00:10:45.420> okay<00:10:46.230> see<00:10:46.440> there's<00:10:46.620> a 00:10:46.640 --> 00:10:46.650 align:start position:0% like Garfield's eyes okay see there's a 00:10:46.650 --> 00:10:50.000 align:start position:0% like Garfield's eyes okay see there's a lot<00:10:46.770> of<00:10:46.800> overlap<00:10:47.660> gah<00:10:48.660> now<00:10:49.500> let's<00:10:49.740> create 00:10:50.000 --> 00:10:50.010 align:start position:0% lot of overlap gah now let's create 00:10:50.010 --> 00:10:52.130 align:start position:0% lot of overlap gah now let's create another<00:10:50.070> Venn<00:10:50.460> diagram<00:10:50.900> people<00:10:51.900> who<00:10:51.990> know 00:10:52.130 --> 00:10:52.140 align:start position:0% another Venn diagram people who know 00:10:52.140 --> 00:10:54.290 align:start position:0% another Venn diagram people who know solidity<00:10:52.560> and<00:10:52.740> I<00:10:53.340> don't<00:10:53.520> need<00:10:53.640> to<00:10:53.850> like 00:10:54.290 --> 00:10:54.300 align:start position:0% solidity and I don't need to like 00:10:54.300 --> 00:10:56.300 align:start position:0% solidity and I don't need to like disparage<00:10:54.870> the<00:10:55.020> other<00:10:55.140> languages<00:10:55.920> I<00:10:56.070> just<00:10:56.250> I 00:10:56.300 --> 00:10:56.310 align:start position:0% disparage the other languages I just I 00:10:56.310 --> 00:10:58.940 align:start position:0% disparage the other languages I just I work<00:10:56.490> mostly<00:10:56.850> in<00:10:56.940> solidity<00:10:57.500> so<00:10:58.500> let's<00:10:58.830> create 00:10:58.940 --> 00:10:58.950 align:start position:0% work mostly in solidity so let's create 00:10:58.950 --> 00:11:00.470 align:start position:0% work mostly in solidity so let's create another<00:10:59.070> Venn<00:10:59.400> diagram<00:10:59.760> people<00:11:00.240> who<00:11:00.300> know 00:11:00.470 --> 00:11:00.480 align:start position:0% another Venn diagram people who know 00:11:00.480 --> 00:11:03.560 align:start position:0% another Venn diagram people who know solidity<00:11:00.840> and<00:11:01.020> then<00:11:01.650> potential<00:11:02.400> jury<00:11:03.210> members 00:11:03.560 --> 00:11:03.570 align:start position:0% solidity and then potential jury members 00:11:03.570 --> 00:11:05.570 align:start position:0% solidity and then potential jury members and<00:11:03.810> that<00:11:03.960> you<00:11:04.200> can<00:11:04.320> imagine<00:11:04.500> is<00:11:05.040> less<00:11:05.310> overlap 00:11:05.570 --> 00:11:05.580 align:start position:0% and that you can imagine is less overlap 00:11:05.580 --> 00:11:06.650 align:start position:0% and that you can imagine is less overlap so<00:11:05.850> it<00:11:05.940> might<00:11:06.060> look<00:11:06.150> like<00:11:06.210> sponge 00:11:06.650 --> 00:11:06.660 align:start position:0% so it might look like sponge 00:11:06.660 --> 00:11:08.480 align:start position:0% so it might look like sponge Bob's<00:11:06.810> eyes<00:11:06.990> just<00:11:07.470> a<00:11:07.560> teeny<00:11:07.769> little<00:11:08.160> overlap 00:11:08.480 --> 00:11:08.490 align:start position:0% Bob's eyes just a teeny little overlap 00:11:08.490 --> 00:11:11.240 align:start position:0% Bob's eyes just a teeny little overlap and<00:11:08.699> then<00:11:09.449> lastly<00:11:09.899> let's<00:11:10.889> do<00:11:11.009> a<00:11:11.040> Venn<00:11:11.220> diagram 00:11:11.240 --> 00:11:11.250 align:start position:0% and then lastly let's do a Venn diagram 00:11:11.250 --> 00:11:14.269 align:start position:0% and then lastly let's do a Venn diagram of<00:11:12.290> people<00:11:13.290> who<00:11:13.350> know<00:11:13.470> solidity<00:11:13.860> and<00:11:13.949> then 00:11:14.269 --> 00:11:14.279 align:start position:0% of people who know solidity and then 00:11:14.279 --> 00:11:16.220 align:start position:0% of people who know solidity and then judges<00:11:14.759> and<00:11:15.029> as<00:11:15.629> you<00:11:15.750> can<00:11:15.870> probably<00:11:15.899> guess 00:11:16.220 --> 00:11:16.230 align:start position:0% judges and as you can probably guess 00:11:16.230 --> 00:11:18.860 align:start position:0% judges and as you can probably guess there's<00:11:16.769> basically<00:11:16.949> no<00:11:17.250> overlap<00:11:17.670> and<00:11:17.850> then<00:11:18.060> as 00:11:18.860 --> 00:11:18.870 align:start position:0% there's basically no overlap and then as 00:11:18.870 --> 00:11:20.480 align:start position:0% there's basically no overlap and then as for<00:11:19.290> good<00:11:19.470> measure<00:11:19.620> I<00:11:19.740> would<00:11:19.949> also<00:11:20.069> just<00:11:20.279> put<00:11:20.430> a 00:11:20.480 --> 00:11:20.490 align:start position:0% for good measure I would also just put a 00:11:20.490 --> 00:11:21.800 align:start position:0% for good measure I would also just put a big<00:11:20.579> separation<00:11:20.879> between<00:11:21.240> them<00:11:21.480> so<00:11:21.569> it's<00:11:21.690> kind 00:11:21.800 --> 00:11:21.810 align:start position:0% big separation between them so it's kind 00:11:21.810 --> 00:11:23.840 align:start position:0% big separation between them so it's kind of<00:11:21.839> like<00:11:21.899> Stewie's<00:11:22.259> eyes<00:11:22.579> that's<00:11:23.579> the<00:11:23.730> Venn 00:11:23.840 --> 00:11:23.850 align:start position:0% of like Stewie's eyes that's the Venn 00:11:23.850 --> 00:11:25.879 align:start position:0% of like Stewie's eyes that's the Venn diagram<00:11:24.269> so<00:11:24.930> this<00:11:25.110> is<00:11:25.139> a<00:11:25.230> long-winded<00:11:25.529> way<00:11:25.860> of 00:11:25.879 --> 00:11:25.889 align:start position:0% diagram so this is a long-winded way of 00:11:25.889 --> 00:11:28.550 align:start position:0% diagram so this is a long-winded way of saying<00:11:26.040> that<00:11:26.759> if<00:11:27.389> you<00:11:27.629> ever<00:11:27.660> have<00:11:28.110> to<00:11:28.230> take 00:11:28.550 --> 00:11:28.560 align:start position:0% saying that if you ever have to take 00:11:28.560 --> 00:11:31.970 align:start position:0% saying that if you ever have to take your<00:11:28.949> code<00:11:29.490> into<00:11:29.939> court<00:11:30.300> or<00:11:30.600> maybe<00:11:31.350> even<00:11:31.470> to 00:11:31.970 --> 00:11:31.980 align:start position:0% your code into court or maybe even to 00:11:31.980 --> 00:11:35.240 align:start position:0% your code into court or maybe even to some<00:11:32.339> sort<00:11:32.670> of<00:11:32.870> consensus<00:11:33.870> based<00:11:34.250> dispute 00:11:35.240 --> 00:11:35.250 align:start position:0% some sort of consensus based dispute 00:11:35.250 --> 00:11:39.139 align:start position:0% some sort of consensus based dispute resolution<00:11:36.439> contract<00:11:37.439> that<00:11:37.920> is<00:11:38.160> operated<00:11:39.149> by 00:11:39.139 --> 00:11:39.149 align:start position:0% resolution contract that is operated by 00:11:39.149 --> 00:11:42.199 align:start position:0% resolution contract that is operated by humans<00:11:39.600> there<00:11:40.199> they<00:11:40.620> might<00:11:40.889> not<00:11:41.370> be<00:11:41.730> able<00:11:41.970> to 00:11:42.199 --> 00:11:42.209 align:start position:0% humans there they might not be able to 00:11:42.209 --> 00:11:44.119 align:start position:0% humans there they might not be able to read<00:11:42.360> your<00:11:42.389> code<00:11:42.660> so<00:11:42.959> you<00:11:42.990> might<00:11:43.319> want<00:11:44.009> to 00:11:44.119 --> 00:11:44.129 align:start position:0% read your code so you might want to 00:11:44.129 --> 00:11:47.569 align:start position:0% read your code so you might want to think<00:11:44.279> about<00:11:44.660> a<00:11:45.660> couple<00:11:46.410> hats<00:11:46.680> than<00:11:47.100> ways<00:11:47.339> to 00:11:47.569 --> 00:11:47.579 align:start position:0% think about a couple hats than ways to 00:11:47.579 --> 00:11:52.519 align:start position:0% think about a couple hats than ways to get<00:11:47.790> around<00:11:47.939> that<00:11:48.540> issue<00:11:48.750> and<00:11:51.379> some<00:11:52.379> of<00:11:52.470> the 00:11:52.519 --> 00:11:52.529 align:start position:0% get around that issue and some of the 00:11:52.529 --> 00:11:53.809 align:start position:0% get around that issue and some of the ones<00:11:52.709> that<00:11:52.769> have<00:11:52.920> come<00:11:53.069> up<00:11:53.129> with<00:11:53.430> you<00:11:53.790> know 00:11:53.809 --> 00:11:53.819 align:start position:0% ones that have come up with you know 00:11:53.819 --> 00:11:56.090 align:start position:0% ones that have come up with you know like<00:11:54.149> what<00:11:54.930> I<00:11:54.959> mean<00:11:55.079> to<00:11:55.110> say<00:11:55.199> is<00:11:55.379> like<00:11:55.529> think 00:11:56.090 --> 00:11:56.100 align:start position:0% like what I mean to say is like think 00:11:56.100 --> 00:11:57.800 align:start position:0% like what I mean to say is like think about<00:11:56.129> embellishing<00:11:56.550> your<00:11:57.149> solidity<00:11:57.509> code 00:11:57.800 --> 00:11:57.810 align:start position:0% about embellishing your solidity code 00:11:57.810 --> 00:12:01.569 align:start position:0% about embellishing your solidity code with<00:11:57.990> legible<00:11:58.610> contract<00:11:59.610> style<00:11:59.910> language<00:12:00.560> and 00:12:01.569 --> 00:12:01.579 align:start position:0% with legible contract style language and 00:12:01.579 --> 00:12:04.009 align:start position:0% with legible contract style language and it's<00:12:02.579> it's<00:12:03.060> sort<00:12:03.300> of<00:12:03.360> like<00:12:03.420> the<00:12:03.569> hacks<00:12:03.779> I<00:12:03.899> was 00:12:04.009 --> 00:12:04.019 align:start position:0% it's it's sort of like the hacks I was 00:12:04.019 --> 00:12:06.290 align:start position:0% it's it's sort of like the hacks I was talking<00:12:04.290> about<00:12:04.350> earlier<00:12:04.649> I'm<00:12:05.579> not<00:12:06.000> quite<00:12:06.269> sure 00:12:06.290 --> 00:12:06.300 align:start position:0% talking about earlier I'm not quite sure 00:12:06.300 --> 00:12:08.929 align:start position:0% talking about earlier I'm not quite sure where<00:12:06.779> to<00:12:06.810> pop<00:12:07.079> them<00:12:07.379> at<00:12:07.589> this<00:12:08.339> point<00:12:08.639> you 00:12:08.929 --> 00:12:08.939 align:start position:0% where to pop them at this point you 00:12:08.939 --> 00:12:10.759 align:start position:0% where to pop them at this point you might<00:12:09.329> pop<00:12:09.569> them<00:12:09.720> in<00:12:09.810> your<00:12:09.899> solidity<00:12:10.290> code<00:12:10.529> you 00:12:10.759 --> 00:12:10.769 align:start position:0% might pop them in your solidity code you 00:12:10.769 --> 00:12:12.460 align:start position:0% might pop them in your solidity code you might<00:12:10.920> pop<00:12:11.189> them<00:12:11.370> in<00:12:11.490> some<00:12:11.670> of<00:12:11.790> these 00:12:12.460 --> 00:12:12.470 align:start position:0% might pop them in some of these 00:12:12.470 --> 00:12:15.620 align:start position:0% might pop them in some of these ancillary<00:12:13.470> stores<00:12:14.160> like<00:12:14.790> swarm<00:12:15.240> and<00:12:15.480> that 00:12:15.620 --> 00:12:15.630 align:start position:0% ancillary stores like swarm and that 00:12:15.630 --> 00:12:19.009 align:start position:0% ancillary stores like swarm and that spec<00:12:15.990> you<00:12:16.620> might<00:12:16.800> even<00:12:16.829> think<00:12:17.310> of<00:12:17.540> paper<00:12:18.540> or 00:12:19.009 --> 00:12:19.019 align:start position:0% spec you might even think of paper or 00:12:19.019 --> 00:12:21.019 align:start position:0% spec you might even think of paper or offline<00:12:19.889> agreements<00:12:20.579> that<00:12:20.670> can<00:12:20.819> somehow 00:12:21.019 --> 00:12:21.029 align:start position:0% offline agreements that can somehow 00:12:21.029 --> 00:12:22.790 align:start position:0% offline agreements that can somehow communicate<00:12:21.420> with<00:12:21.899> your<00:12:22.019> smart<00:12:22.319> contracts 00:12:22.790 --> 00:12:22.800 align:start position:0% communicate with your smart contracts 00:12:22.800 --> 00:12:25.819 align:start position:0% communicate with your smart contracts but<00:12:23.670> are<00:12:23.819> legible<00:12:24.240> to<00:12:24.660> judges<00:12:25.380> and<00:12:25.680> jury 00:12:25.819 --> 00:12:25.829 align:start position:0% but are legible to judges and jury 00:12:25.829 --> 00:12:29.300 align:start position:0% but are legible to judges and jury members<00:12:26.189> and<00:12:26.370> so<00:12:26.459> forth<00:12:26.839> ok<00:12:27.839> one<00:12:28.800> last<00:12:28.829> way<00:12:29.250> to 00:12:29.300 --> 00:12:29.310 align:start position:0% members and so forth ok one last way to 00:12:29.310 --> 00:12:31.999 align:start position:0% members and so forth ok one last way to embrace<00:12:29.730> contract<00:12:30.180> law<00:12:30.329> is<00:12:30.540> to<00:12:31.410> pay<00:12:31.560> attention 00:12:31.999 --> 00:12:32.009 align:start position:0% embrace contract law is to pay attention 00:12:32.009 --> 00:12:34.340 align:start position:0% embrace contract law is to pay attention to<00:12:32.100> the<00:12:32.189> special<00:12:32.670> risks<00:12:33.120> of<00:12:33.300> creating<00:12:33.779> that 00:12:34.340 --> 00:12:34.350 align:start position:0% to the special risks of creating that 00:12:34.350 --> 00:12:36.110 align:start position:0% to the special risks of creating that unstoppable<00:12:35.189> force<00:12:35.490> that<00:12:35.670> we<00:12:35.790> talked<00:12:36.000> about 00:12:36.110 --> 00:12:36.120 align:start position:0% unstoppable force that we talked about 00:12:36.120 --> 00:12:39.379 align:start position:0% unstoppable force that we talked about before<00:12:36.920> gavel<00:12:37.920> ESET<00:12:38.220> it<00:12:38.339> nicely<00:12:38.670> earlier<00:12:39.120> I 00:12:39.379 --> 00:12:39.389 align:start position:0% before gavel ESET it nicely earlier I 00:12:39.389 --> 00:12:40.490 align:start position:0% before gavel ESET it nicely earlier I think<00:12:39.720> you're<00:12:39.810> talking<00:12:39.990> about<00:12:40.079> the<00:12:40.199> system 00:12:40.490 --> 00:12:40.500 align:start position:0% think you're talking about the system 00:12:40.500 --> 00:12:41.689 align:start position:0% think you're talking about the system but<00:12:40.589> he<00:12:40.649> said<00:12:40.769> there's<00:12:40.920> no<00:12:41.040> reset<00:12:41.430> and<00:12:41.579> that's 00:12:41.689 --> 00:12:41.699 align:start position:0% but he said there's no reset and that's 00:12:41.699 --> 00:12:43.579 align:start position:0% but he said there's no reset and that's also<00:12:41.880> true<00:12:42.180> of<00:12:42.209> your<00:12:42.449> contracts<00:12:42.899> they're 00:12:43.579 --> 00:12:43.589 align:start position:0% also true of your contracts they're 00:12:43.589 --> 00:12:45.259 align:start position:0% also true of your contracts they're immutable<00:12:44.160> they're<00:12:44.730> automatically 00:12:45.259 --> 00:12:45.269 align:start position:0% immutable they're automatically 00:12:45.269 --> 00:12:48.800 align:start position:0% immutable they're automatically enforcing<00:12:46.220> so<00:12:47.220> that<00:12:47.790> comes<00:12:48.149> to<00:12:48.420> play<00:12:48.540> in<00:12:48.750> a 00:12:48.800 --> 00:12:48.810 align:start position:0% enforcing so that comes to play in a 00:12:48.810 --> 00:12:51.620 align:start position:0% enforcing so that comes to play in a differ<00:12:49.050> a<00:12:49.170> couple<00:12:49.649> different<00:12:49.920> areas<00:12:50.420> one<00:12:51.420> is 00:12:51.620 --> 00:12:51.630 align:start position:0% differ a couple different areas one is 00:12:51.630 --> 00:12:54.920 align:start position:0% differ a couple different areas one is is<00:12:52.009> rescission<00:12:53.009> modification<00:12:54.000> Reformation 00:12:54.920 --> 00:12:54.930 align:start position:0% is rescission modification Reformation 00:12:54.930 --> 00:12:57.769 align:start position:0% is rescission modification Reformation so<00:12:55.350> in<00:12:55.889> normal<00:12:56.339> contract<00:12:56.759> law<00:12:56.910> sometimes 00:12:57.769 --> 00:12:57.779 align:start position:0% so in normal contract law sometimes 00:12:57.779 --> 00:13:00.019 align:start position:0% so in normal contract law sometimes circumstances<00:12:58.079> change<00:12:58.949> and<00:12:59.250> the<00:12:59.759> parties 00:13:00.019 --> 00:13:00.029 align:start position:0% circumstances change and the parties 00:13:00.029 --> 00:13:01.699 align:start position:0% circumstances change and the parties want<00:13:00.240> to<00:13:00.300> go<00:13:00.420> in<00:13:00.600> and<00:13:00.779> undo<00:13:01.110> their<00:13:01.290> contract 00:13:01.699 --> 00:13:01.709 align:start position:0% want to go in and undo their contract 00:13:01.709 --> 00:13:02.829 align:start position:0% want to go in and undo their contract that's<00:13:01.889> called<00:13:02.069> a<00:13:02.160> mutual<00:13:02.490> decision 00:13:02.829 --> 00:13:02.839 align:start position:0% that's called a mutual decision 00:13:02.839 --> 00:13:05.720 align:start position:0% that's called a mutual decision sometimes<00:13:03.839> a<00:13:03.990> court<00:13:04.379> orders<00:13:04.889> parties<00:13:05.370> to<00:13:05.579> go 00:13:05.720 --> 00:13:05.730 align:start position:0% sometimes a court orders parties to go 00:13:05.730 --> 00:13:07.790 align:start position:0% sometimes a court orders parties to go in<00:13:05.879> and<00:13:06.089> undo<00:13:06.779> their<00:13:06.959> contract<00:13:07.410> they<00:13:07.529> might<00:13:07.680> do 00:13:07.790 --> 00:13:07.800 align:start position:0% in and undo their contract they might do 00:13:07.800 --> 00:13:08.960 align:start position:0% in and undo their contract they might do that<00:13:07.949> for<00:13:08.100> example<00:13:08.160> of<00:13:08.459> one<00:13:08.579> party<00:13:08.819> was<00:13:08.939> a 00:13:08.960 --> 00:13:08.970 align:start position:0% that for example of one party was a 00:13:08.970 --> 00:13:11.119 align:start position:0% that for example of one party was a minor<00:13:09.209> that<00:13:09.899> is<00:13:10.019> called<00:13:10.199> rescission<00:13:10.620> the 00:13:11.119 --> 00:13:11.129 align:start position:0% minor that is called rescission the 00:13:11.129 --> 00:13:13.189 align:start position:0% minor that is called rescission the parties<00:13:11.490> might<00:13:11.670> also<00:13:11.850> have<00:13:12.629> a<00:13:12.689> reason<00:13:13.079> to 00:13:13.189 --> 00:13:13.199 align:start position:0% parties might also have a reason to 00:13:13.199 --> 00:13:15.559 align:start position:0% parties might also have a reason to modify<00:13:13.709> their<00:13:14.459> agreement<00:13:15.000> that's<00:13:15.240> usually 00:13:15.559 --> 00:13:15.569 align:start position:0% modify their agreement that's usually 00:13:15.569 --> 00:13:16.819 align:start position:0% modify their agreement that's usually just<00:13:15.689> called<00:13:15.870> modification<00:13:16.439> doesn't<00:13:16.559> really 00:13:16.819 --> 00:13:16.829 align:start position:0% just called modification doesn't really 00:13:16.829 --> 00:13:17.180 align:start position:0% just called modification doesn't really have<00:13:16.949> an 00:13:17.180 --> 00:13:17.190 align:start position:0% have an 00:13:17.190 --> 00:13:19.130 align:start position:0% have an and<00:13:17.370> sometimes<00:13:18.270> the<00:13:18.450> court<00:13:18.720> orders<00:13:19.110> the 00:13:19.130 --> 00:13:19.140 align:start position:0% and sometimes the court orders the 00:13:19.140 --> 00:13:21.530 align:start position:0% and sometimes the court orders the parties<00:13:19.560> to<00:13:19.710> modify<00:13:20.130> their<00:13:20.580> contracts<00:13:21.180> this 00:13:21.530 --> 00:13:21.540 align:start position:0% parties to modify their contracts this 00:13:21.540 --> 00:13:23.180 align:start position:0% parties to modify their contracts this might<00:13:21.780> be<00:13:21.810> because<00:13:22.080> they<00:13:22.380> did<00:13:22.560> a<00:13:22.590> bad<00:13:22.860> job<00:13:22.890> of 00:13:23.180 --> 00:13:23.190 align:start position:0% might be because they did a bad job of 00:13:23.190 --> 00:13:26.380 align:start position:0% might be because they did a bad job of distilling<00:13:23.880> their<00:13:24.090> intentions<00:13:24.630> into<00:13:24.990> writing 00:13:26.380 --> 00:13:26.390 align:start position:0% distilling their intentions into writing 00:13:26.390 --> 00:13:30.380 align:start position:0% distilling their intentions into writing so<00:13:27.620> you<00:13:28.620> need<00:13:28.770> to<00:13:28.920> think<00:13:29.070> about<00:13:29.220> this<00:13:29.520> and<00:13:29.790> ways 00:13:30.380 --> 00:13:30.390 align:start position:0% so you need to think about this and ways 00:13:30.390 --> 00:13:33.680 align:start position:0% so you need to think about this and ways to<00:13:30.720> kind<00:13:30.900> of<00:13:31.110> reconstruct<00:13:32.180> like<00:13:33.180> how<00:13:33.510> do<00:13:33.570> you 00:13:33.680 --> 00:13:33.690 align:start position:0% to kind of reconstruct like how do you 00:13:33.690 --> 00:13:35.090 align:start position:0% to kind of reconstruct like how do you go<00:13:33.900> about<00:13:33.930> these<00:13:34.350> things<00:13:34.500> how<00:13:34.650> do<00:13:34.710> you<00:13:34.830> rescind 00:13:35.090 --> 00:13:35.100 align:start position:0% go about these things how do you rescind 00:13:35.100 --> 00:13:36.650 align:start position:0% go about these things how do you rescind the<00:13:35.190> contract<00:13:35.310> how<00:13:35.640> do<00:13:35.700> you<00:13:35.820> reform<00:13:36.180> it<00:13:36.300> I'm 00:13:36.650 --> 00:13:36.660 align:start position:0% the contract how do you reform it I'm 00:13:36.660 --> 00:13:37.940 align:start position:0% the contract how do you reform it I'm going<00:13:36.900> to<00:13:36.960> skip<00:13:37.110> a<00:13:37.200> little<00:13:37.410> bit<00:13:37.530> ahead<00:13:37.650> because 00:13:37.940 --> 00:13:37.950 align:start position:0% going to skip a little bit ahead because 00:13:37.950 --> 00:13:40.640 align:start position:0% going to skip a little bit ahead because i'm<00:13:38.100> getting<00:13:38.190> the<00:13:38.400> time<00:13:38.550> signal<00:13:38.910> but<00:13:39.570> i<00:13:40.080> have<00:13:40.620> a 00:13:40.640 --> 00:13:40.650 align:start position:0% i'm getting the time signal but i have a 00:13:40.650 --> 00:13:42.590 align:start position:0% i'm getting the time signal but i have a couple<00:13:40.890> hacks<00:13:41.220> here<00:13:41.640> you<00:13:41.850> know<00:13:41.970> they<00:13:42.240> involve 00:13:42.590 --> 00:13:42.600 align:start position:0% couple hacks here you know they involve 00:13:42.600 --> 00:13:44.600 align:start position:0% couple hacks here you know they involve the<00:13:43.290> enums<00:13:43.710> that<00:13:43.890> Christian<00:13:44.190> was<00:13:44.220> talking 00:13:44.600 --> 00:13:44.610 align:start position:0% the enums that Christian was talking 00:13:44.610 --> 00:13:47.780 align:start position:0% the enums that Christian was talking about<00:13:44.790> earlier<00:13:44.820> in<00:13:45.180> the<00:13:45.270> week<00:13:45.470> are<00:13:46.470> amazing<00:13:47.010> to 00:13:47.780 --> 00:13:47.790 align:start position:0% about earlier in the week are amazing to 00:13:47.790 --> 00:13:50.450 align:start position:0% about earlier in the week are amazing to turn<00:13:48.030> like<00:13:48.320> your<00:13:49.320> functions<00:13:49.740> on<00:13:49.950> and<00:13:50.130> off<00:13:50.220> and 00:13:50.450 --> 00:13:50.460 align:start position:0% turn like your functions on and off and 00:13:50.460 --> 00:13:52.880 align:start position:0% turn like your functions on and off and so<00:13:50.550> forth<00:13:50.990> sometimes<00:13:51.990> I<00:13:52.140> think<00:13:52.200> suicide<00:13:52.590> is<00:13:52.860> a 00:13:52.880 --> 00:13:52.890 align:start position:0% so forth sometimes I think suicide is a 00:13:52.890 --> 00:13:54.740 align:start position:0% so forth sometimes I think suicide is a better<00:13:53.100> idea<00:13:53.250> you<00:13:54.060> don't<00:13:54.240> just<00:13:54.390> deal<00:13:54.570> with 00:13:54.740 --> 00:13:54.750 align:start position:0% better idea you don't just deal with 00:13:54.750 --> 00:13:57.320 align:start position:0% better idea you don't just deal with these<00:13:54.840> things<00:13:55.170> with<00:13:55.560> respect<00:13:56.010> to<00:13:56.370> rescission 00:13:57.320 --> 00:13:57.330 align:start position:0% these things with respect to rescission 00:13:57.330 --> 00:14:00.940 align:start position:0% these things with respect to rescission Reformation<00:13:58.110> but<00:13:58.320> also<00:13:58.470> what<00:13:59.340> if<00:13:59.460> something 00:14:00.940 --> 00:14:00.950 align:start position:0% Reformation but also what if something 00:14:00.950 --> 00:14:03.760 align:start position:0% Reformation but also what if something illegal<00:14:01.950> winds<00:14:02.460> up<00:14:02.550> in<00:14:02.610> your<00:14:02.760> contract 00:14:03.760 --> 00:14:03.770 align:start position:0% illegal winds up in your contract 00:14:03.770 --> 00:14:06.380 align:start position:0% illegal winds up in your contract everything<00:14:04.770> from<00:14:04.980> hippo<00:14:05.610> violating<00:14:06.060> medical 00:14:06.380 --> 00:14:06.390 align:start position:0% everything from hippo violating medical 00:14:06.390 --> 00:14:08.720 align:start position:0% everything from hippo violating medical data<00:14:06.600> to<00:14:06.930> non<00:14:07.200> PCI<00:14:07.620> compliant<00:14:08.250> credit<00:14:08.580> card 00:14:08.720 --> 00:14:08.730 align:start position:0% data to non PCI compliant credit card 00:14:08.730 --> 00:14:11.120 align:start position:0% data to non PCI compliant credit card data<00:14:08.880> to<00:14:09.750> Jared<00:14:10.170> the<00:14:10.260> subway<00:14:10.620> guy<00:14:10.770> kind<00:14:11.040> of 00:14:11.120 --> 00:14:11.130 align:start position:0% data to Jared the subway guy kind of 00:14:11.130 --> 00:14:13.070 align:start position:0% data to Jared the subway guy kind of stuff<00:14:11.370> like<00:14:12.030> if<00:14:12.270> those<00:14:12.420> things<00:14:12.660> wind<00:14:12.840> up<00:14:12.990> in 00:14:13.070 --> 00:14:13.080 align:start position:0% stuff like if those things wind up in 00:14:13.080 --> 00:14:14.720 align:start position:0% stuff like if those things wind up in your<00:14:13.170> contract<00:14:13.470> what<00:14:13.860> do<00:14:13.920> you<00:14:14.010> do<00:14:14.160> how<00:14:14.610> do<00:14:14.670> you 00:14:14.720 --> 00:14:14.730 align:start position:0% your contract what do you do how do you 00:14:14.730 --> 00:14:16.160 align:start position:0% your contract what do you do how do you peel<00:14:14.940> them<00:14:15.090> out<00:14:15.240> so<00:14:15.720> that<00:14:15.840> something<00:14:15.960> you<00:14:16.080> have 00:14:16.160 --> 00:14:16.170 align:start position:0% peel them out so that something you have 00:14:16.170 --> 00:14:18.410 align:start position:0% peel them out so that something you have to<00:14:16.200> think<00:14:16.260> about<00:14:16.430> in<00:14:17.430> my<00:14:17.580> last<00:14:17.610> couple<00:14:18.240> of 00:14:18.410 --> 00:14:18.420 align:start position:0% to think about in my last couple of 00:14:18.420 --> 00:14:20.780 align:start position:0% to think about in my last couple of minutes<00:14:18.840> I<00:14:19.140> want<00:14:19.560> to<00:14:19.770> just<00:14:20.250> focus<00:14:20.520> on<00:14:20.730> a 00:14:20.780 --> 00:14:20.790 align:start position:0% minutes I want to just focus on a 00:14:20.790 --> 00:14:26.690 align:start position:0% minutes I want to just focus on a potpourri<00:14:21.180> of<00:14:21.330> issues<00:14:21.750> all<00:14:22.410> in<00:14:22.950> this<00:14:24.590> realm<00:14:25.700> ok 00:14:26.690 --> 00:14:26.700 align:start position:0% potpourri of issues all in this realm ok 00:14:26.700 --> 00:14:30.530 align:start position:0% potpourri of issues all in this realm ok so<00:14:27.240> I'm<00:14:27.360> a<00:14:27.420> New<00:14:27.540> Yorker<00:14:27.810> and<00:14:28.190> lately<00:14:29.210> scoring<00:14:30.210> f 00:14:30.530 --> 00:14:30.540 align:start position:0% so I'm a New Yorker and lately scoring f 00:14:30.540 --> 00:14:32.090 align:start position:0% so I'm a New Yorker and lately scoring f feels<00:14:30.930> a<00:14:31.050> lot<00:14:31.170> like<00:14:31.350> trying<00:14:31.560> to<00:14:31.620> score<00:14:31.830> meth 00:14:32.090 --> 00:14:32.100 align:start position:0% feels a lot like trying to score meth 00:14:32.100 --> 00:14:34.520 align:start position:0% feels a lot like trying to score meth which<00:14:32.370> is<00:14:32.520> that<00:14:32.670> it's<00:14:32.940> impossible<00:14:33.500> it<00:14:34.500> seems 00:14:34.520 --> 00:14:34.530 align:start position:0% which is that it's impossible it seems 00:14:34.530 --> 00:14:37.250 align:start position:0% which is that it's impossible it seems like<00:14:35.100> a<00:14:35.310> lot<00:14:35.340> of<00:14:35.520> the<00:14:35.820> ethics<00:14:36.180> changes<00:14:36.720> have 00:14:37.250 --> 00:14:37.260 align:start position:0% like a lot of the ethics changes have 00:14:37.260 --> 00:14:40.400 align:start position:0% like a lot of the ethics changes have that<00:14:37.770> evacuated<00:14:38.550> the<00:14:38.880> markets<00:14:39.390> in<00:14:40.140> the<00:14:40.290> wake 00:14:40.400 --> 00:14:40.410 align:start position:0% that evacuated the markets in the wake 00:14:40.410 --> 00:14:41.810 align:start position:0% that evacuated the markets in the wake of<00:14:40.440> bit<00:14:40.680> license<00:14:41.070> actually<00:14:41.220> I<00:14:41.400> kind<00:14:41.640> of<00:14:41.670> have 00:14:41.810 --> 00:14:41.820 align:start position:0% of bit license actually I kind of have 00:14:41.820 --> 00:14:43.730 align:start position:0% of bit license actually I kind of have proof<00:14:42.030> of<00:14:42.180> that<00:14:42.330> this<00:14:42.900> is<00:14:43.050> my<00:14:43.170> rejection<00:14:43.500> of 00:14:43.730 --> 00:14:43.740 align:start position:0% proof of that this is my rejection of 00:14:43.740 --> 00:14:47.300 align:start position:0% proof of that this is my rejection of cripsy<00:14:45.350> we<00:14:46.350> aren't<00:14:46.500> able<00:14:46.590> to<00:14:46.770> approve<00:14:47.190> your 00:14:47.300 --> 00:14:47.310 align:start position:0% cripsy we aren't able to approve your 00:14:47.310 --> 00:14:49.010 align:start position:0% cripsy we aren't able to approve your application<00:14:47.370> at<00:14:48.000> this<00:14:48.120> time<00:14:48.270> due<00:14:48.450> to<00:14:48.480> New<00:14:48.750> York 00:14:49.010 --> 00:14:49.020 align:start position:0% application at this time due to New York 00:14:49.020 --> 00:14:51.110 align:start position:0% application at this time due to New York virtual<00:14:49.680> currency<00:14:50.670> bit<00:14:50.820> license 00:14:51.110 --> 00:14:51.120 align:start position:0% virtual currency bit license 00:14:51.120 --> 00:14:53.660 align:start position:0% virtual currency bit license requirements<00:14:51.690> and<00:14:51.950> this<00:14:52.950> is<00:14:53.100> my<00:14:53.220> rejection 00:14:53.660 --> 00:14:53.670 align:start position:0% requirements and this is my rejection 00:14:53.670 --> 00:14:55.700 align:start position:0% requirements and this is my rejection from<00:14:53.940> crack<00:14:54.360> in<00:14:54.570> unfortunately<00:14:55.470> we<00:14:55.530> no<00:14:55.680> longer 00:14:55.700 --> 00:14:55.710 align:start position:0% from crack in unfortunately we no longer 00:14:55.710 --> 00:14:57.620 align:start position:0% from crack in unfortunately we no longer offer<00:14:56.010> our<00:14:56.340> services<00:14:56.640> to<00:14:57.000> residents<00:14:57.330> in<00:14:57.510> New 00:14:57.620 --> 00:14:57.630 align:start position:0% offer our services to residents in New 00:14:57.630 --> 00:14:59.450 align:start position:0% offer our services to residents in New York<00:14:57.810> due<00:14:57.960> to<00:14:58.140> bit<00:14:58.290> license<00:14:58.590> so<00:14:58.650> I<00:14:58.680> think<00:14:58.770> we<00:14:58.980> we 00:14:59.450 --> 00:14:59.460 align:start position:0% York due to bit license so I think we we 00:14:59.460 --> 00:15:00.740 align:start position:0% York due to bit license so I think we we should<00:14:59.490> be<00:14:59.700> talking<00:14:59.850> about<00:15:00.089> this<00:15:00.360> like<00:15:00.510> is 00:15:00.740 --> 00:15:00.750 align:start position:0% should be talking about this like is 00:15:00.750 --> 00:15:02.780 align:start position:0% should be talking about this like is this<00:15:01.350> regulation<00:15:01.710> having<00:15:02.160> a<00:15:02.220> chilling<00:15:02.640> effect 00:15:02.780 --> 00:15:02.790 align:start position:0% this regulation having a chilling effect 00:15:02.790 --> 00:15:06.680 align:start position:0% this regulation having a chilling effect on<00:15:03.589> development<00:15:05.000> actually<00:15:06.000> I<00:15:06.030> was<00:15:06.510> at<00:15:06.600> an 00:15:06.680 --> 00:15:06.690 align:start position:0% on development actually I was at an 00:15:06.690 --> 00:15:08.390 align:start position:0% on development actually I was at an event<00:15:06.750> with<00:15:06.990> Jesse<00:15:07.320> you<00:15:07.560> know<00:15:07.680> three<00:15:08.220> weeks 00:15:08.390 --> 00:15:08.400 align:start position:0% event with Jesse you know three weeks 00:15:08.400 --> 00:15:10.040 align:start position:0% event with Jesse you know three weeks ago<00:15:08.520> on<00:15:08.670> a<00:15:08.730> couple<00:15:08.970> people<00:15:09.120> coming<00:15:09.480> out<00:15:09.540> to<00:15:09.960> him 00:15:10.040 --> 00:15:10.050 align:start position:0% ago on a couple people coming out to him 00:15:10.050 --> 00:15:12.110 align:start position:0% ago on a couple people coming out to him and<00:15:10.140> asking<00:15:10.440> like<00:15:10.589> where<00:15:10.860> can<00:15:11.070> I<00:15:11.100> get<00:15:11.220> at<00:15:11.640> it 00:15:12.110 --> 00:15:12.120 align:start position:0% and asking like where can I get at it 00:15:12.120 --> 00:15:14.210 align:start position:0% and asking like where can I get at it seems<00:15:12.420> so<00:15:12.540> hard<00:15:12.720> so<00:15:12.960> let's<00:15:13.170> be<00:15:13.740> thur<00:15:13.920> let's 00:15:14.210 --> 00:15:14.220 align:start position:0% seems so hard so let's be thur let's 00:15:14.220 --> 00:15:18.110 align:start position:0% seems so hard so let's be thur let's talk<00:15:14.370> about<00:15:14.460> that<00:15:16.640> we<00:15:17.640> need<00:15:17.850> more<00:15:17.940> engineers 00:15:18.110 --> 00:15:18.120 align:start position:0% talk about that we need more engineers 00:15:18.120 --> 00:15:20.180 align:start position:0% talk about that we need more engineers who<00:15:18.540> know<00:15:18.660> law<00:15:18.870> in<00:15:19.140> more<00:15:19.650> lawyers<00:15:19.800> who<00:15:20.040> can 00:15:20.180 --> 00:15:20.190 align:start position:0% who know law in more lawyers who can 00:15:20.190 --> 00:15:22.490 align:start position:0% who know law in more lawyers who can code<00:15:20.370> that's<00:15:20.640> kind<00:15:20.880> of<00:15:20.940> why<00:15:21.089> I'm<00:15:21.240> here<00:15:21.630> to<00:15:22.470> help 00:15:22.490 --> 00:15:22.500 align:start position:0% code that's kind of why I'm here to help 00:15:22.500 --> 00:15:24.950 align:start position:0% code that's kind of why I'm here to help start<00:15:23.100> bridging<00:15:23.339> that<00:15:23.490> gap<00:15:23.730> and<00:15:24.089> we<00:15:24.780> need<00:15:24.930> a 00:15:24.950 --> 00:15:24.960 align:start position:0% start bridging that gap and we need a 00:15:24.960 --> 00:15:28.130 align:start position:0% start bridging that gap and we need a lot<00:15:25.320> more<00:15:25.350> like<00:15:25.650> me<00:15:25.680> I<00:15:26.520> work<00:15:27.180> for<00:15:27.210> I<00:15:27.750> do 00:15:28.130 --> 00:15:28.140 align:start position:0% lot more like me I work for I do 00:15:28.140 --> 00:15:29.960 align:start position:0% lot more like me I work for I do research<00:15:28.500> for<00:15:28.530> this<00:15:28.860> awesome<00:15:29.100> crypto 00:15:29.960 --> 00:15:29.970 align:start position:0% research for this awesome crypto 00:15:29.970 --> 00:15:31.819 align:start position:0% research for this awesome crypto currency<00:15:30.300> and<00:15:30.509> crypto<00:15:30.870> contract<00:15:31.319> initiative 00:15:31.819 --> 00:15:31.829 align:start position:0% currency and crypto contract initiative 00:15:31.829 --> 00:15:33.530 align:start position:0% currency and crypto contract initiative that's<00:15:32.040> a<00:15:32.129> partnership<00:15:32.399> between<00:15:32.550> professors 00:15:33.530 --> 00:15:33.540 align:start position:0% that's a partnership between professors 00:15:33.540 --> 00:15:36.139 align:start position:0% that's a partnership between professors at<00:15:33.810> UMD<00:15:34.290> Cornell<00:15:34.980> in<00:15:35.129> Berkeley<00:15:35.519> it's<00:15:35.939> called 00:15:36.139 --> 00:15:36.149 align:start position:0% at UMD Cornell in Berkeley it's called 00:15:36.149 --> 00:15:37.639 align:start position:0% at UMD Cornell in Berkeley it's called ic3<00:15:36.600> that's<00:15:37.050> the<00:15:37.139> website<00:15:37.290> you<00:15:37.529> should 00:15:37.639 --> 00:15:37.649 align:start position:0% ic3 that's the website you should 00:15:37.649 --> 00:15:40.819 align:start position:0% ic3 that's the website you should definitely<00:15:37.949> check<00:15:38.189> it<00:15:38.250> out<00:15:39.410> here<00:15:40.410> are<00:15:40.649> my 00:15:40.819 --> 00:15:40.829 align:start position:0% definitely check it out here are my 00:15:40.829 --> 00:15:42.530 align:start position:0% definitely check it out here are my acknowledgments<00:15:41.670> a<00:15:41.730> lot<00:15:41.850> of<00:15:41.970> people<00:15:42.089> helped 00:15:42.530 --> 00:15:42.540 align:start position:0% acknowledgments a lot of people helped 00:15:42.540 --> 00:15:44.329 align:start position:0% acknowledgments a lot of people helped me<00:15:42.720> prepare<00:15:43.050> this<00:15:43.379> talk<00:15:43.649> including<00:15:44.189> some<00:15:44.310> of 00:15:44.329 --> 00:15:44.339 align:start position:0% me prepare this talk including some of 00:15:44.339 --> 00:15:45.769 align:start position:0% me prepare this talk including some of the<00:15:44.430> people<00:15:44.699> in<00:15:44.759> this<00:15:44.790> room<00:15:44.939> thank<00:15:45.449> you<00:15:45.600> so 00:15:45.769 --> 00:15:45.779 align:start position:0% the people in this room thank you so 00:15:45.779 --> 00:15:51.710 align:start position:0% the people in this room thank you so much<00:15:45.959> and<00:15:46.290> then<00:15:46.920> lastly<00:15:50.329> let's<00:15:51.329> make<00:15:51.480> this<00:15:51.569> an 00:15:51.710 --> 00:15:51.720 align:start position:0% much and then lastly let's make this an 00:15:51.720 --> 00:15:55.069 align:start position:0% much and then lastly let's make this an annual<00:15:51.779> thing<00:15:52.430> at<00:15:53.430> the<00:15:53.610> end<00:15:53.759> clap<00:15:54.509> for<00:15:54.870> me<00:15:54.959> to 00:15:55.069 --> 00:15:55.079 align:start position:0% annual thing at the end clap for me to 00:15:55.079 --> 00:15:56.480 align:start position:0% annual thing at the end clap for me to come<00:15:55.259> back<00:15:55.439> because<00:15:55.649> I<00:15:55.860> want<00:15:56.040> to<00:15:56.100> I<00:15:56.160> want<00:15:56.279> to 00:15:56.480 --> 00:15:56.490 align:start position:0% come back because I want to I want to 00:15:56.490 --> 00:15:57.710 align:start position:0% come back because I want to I want to come<00:15:56.579> here<00:15:56.670> every<00:15:56.879> year<00:15:56.939> and<00:15:57.120> talk<00:15:57.389> about<00:15:57.509> the 00:15:57.710 --> 00:15:57.720 align:start position:0% come here every year and talk about the 00:15:57.720 --> 00:16:00.259 align:start position:0% come here every year and talk about the development<00:15:58.290> of<00:15:58.470> these<00:15:59.129> like<00:15:59.490> legal<00:15:59.939> issues<00:16:00.240> I 00:16:00.259 --> 00:16:00.269 align:start position:0% development of these like legal issues I 00:16:00.269 --> 00:16:02.660 align:start position:0% development of these like legal issues I think<00:16:00.420> everything<00:16:01.379> is<00:16:01.740> in<00:16:01.980> this<00:16:02.220> kind<00:16:02.519> of 00:16:02.660 --> 00:16:02.670 align:start position:0% think everything is in this kind of 00:16:02.670 --> 00:16:05.540 align:start position:0% think everything is in this kind of nascent<00:16:03.360> stage<00:16:03.750> and<00:16:04.170> you<00:16:04.949> know<00:16:05.069> let's<00:16:05.430> let's 00:16:05.540 --> 00:16:05.550 align:start position:0% nascent stage and you know let's let's 00:16:05.550 --> 00:16:07.160 align:start position:0% nascent stage and you know let's let's all<00:16:05.850> have<00:16:06.089> this<00:16:06.209> conversation<00:16:06.569> continued 00:16:07.160 --> 00:16:07.170 align:start position:0% all have this conversation continued 00:16:07.170 --> 00:16:10.939 align:start position:0% all have this conversation continued that's<00:16:08.009> it<00:16:08.160> thank<00:16:08.730> you<00:16:08.790> so<00:16:08.879> much