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(Wired)   Good news: Author says lawyers will be obsolete soon. Bad news: Because law will be controlled by bitcoin technology   (wired.com) divider line 67
    More: Interesting, design firm, Orson Scott Card, Kant, For a New Novel, faster than light  
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3936 clicks; posted to Main » on 30 Mar 2014 at 7:41 PM (38 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



67 Comments   (+0 »)
   
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2014-03-30 03:33:10 PM  
Uh. No.
 
2014-03-30 03:47:18 PM  
cdn01.cdnwp.celebuzz.com

Tell you what: when a computer can independently identify and assess the qualitative performance of an interior designer and then ascertain whether that performance is consonant with a "best efforts" clause in a services contract, then we can start phasing out contract lawyers.
 
2014-03-30 03:53:00 PM  
Yeah this guy sounds totally sane.
 
2014-03-30 04:08:36 PM  
By the way, the idea that contract law will ever be automated is absurd. Contracts are merely the formalized way of "resolving disputes before they occur". If you think we're 6 months away from people never having disputes again, you're an idiot.
 
ZAZ [TotalFark]
2014-03-30 04:26:35 PM  
Lawyers are mostly obsolete for consumer contracts. Debts are enforced by arbitration and credit reports.
 
2014-03-30 04:45:38 PM  
No one credible is known as a "futurist", it's a title defaulted to you if you don't have the expertise to know a subject but want to speak about it as if you were.
In 50 years, nanomachine injections will be mandatory in the NFL as cyborgs dominate the league outside of punters.
 
2014-03-30 05:38:23 PM  
Oh wow.

Oh haha wow.
 
2014-03-30 06:02:13 PM  
2015 is soon.
 
2014-03-30 06:06:09 PM  
Lawyers are already obsolete.

All disputes in doglover land will be resolved by giant robot lady fights.

3.bp.blogspot.com
 
2014-03-30 06:46:08 PM  
FTFA: "It's a kind of automaton," says Schroeder. "It will follow the rules that have been laid down for it to the letter. It will never cheat."

And the contract is in a state of violation and compliance at the same time until someone checks the website.
 
2014-03-30 07:42:53 PM  

Makh: 2015 is soon.


public.media.smithsonianmag.com

Ah, this is heavy!
 
2014-03-30 07:43:06 PM  

God-is-a-Taco: No one credible is known as a "futurist", it's a title defaulted to you if you don't have the expertise to know a subject but want to speak about it as if you were.
In 50 years, nanomachine injections will be mandatory in the NFL as cyborgs dominate the league outside of punters.


Your word salad is a tasty snack.
 
2014-03-30 07:49:38 PM  
Time to short the Unlikely tag's portfolio.
 
2014-03-30 07:53:47 PM  
Uh huh.  It doesn't really say Bitcoins will change anything, only a new system of holding contracts, which is stupid.  Is the problem ever that someone snuck in and changed it?  This is solving a problem that doesn't exist.  And lawyers will still be needed to write contracts, and interpret them, and argue in court when people inevitably disagree.

/Also, bitcoin will last slightly longer than Almost Human
 
2014-03-30 07:55:56 PM  
Been done before.

img.fark.net
 
2014-03-30 07:57:27 PM  

God-is-a-Taco: No one credible is known as a "futurist", it's a title defaulted to you if you don't have the expertise to know a subject but want to speak about it as if you were


Damn!
So much for my University of Phoenix degree in Future Studies.
 
2014-03-30 07:57:58 PM  
Haha, this guy is so wrong on so many points that I don't even care to rebut him.
 
2014-03-30 08:06:49 PM  

vodka: Haha, this guy is so wrong on so many points that I don't even care to rebut him.


This is a very, very common feeling these days.
 
2014-03-30 08:08:22 PM  

vodka: Haha, this guy is so wrong on so many points that I don't even care to rebut him.


I would save myself a lot of time and typing if I took this approach more often
 
2014-03-30 08:08:45 PM  
That's not "good news, bad news". That's "interesting... but crazy." It's like someone announcing they've discovered an earthshaking fact about the evolution of marine life, which they learned by watching an Animal Planet show about mermaids.
 
2014-03-30 08:09:15 PM  

meow said the dog: Uh. No.


Agreed. No.
 
2014-03-30 08:11:28 PM  
Bitcoin fanboys are really getting obnoxious. Not quite PETA obnoxious yet, but they are on the same trajectory.
 
2014-03-30 08:13:07 PM  
Hey! Let's give this greasy retard who's wearing a suit that he stole from a funeral home all of our life savings and turn them into currency made of ones & zeroes! It'll be awesome and cool and we'll make bazillions as it increases in value!

blogs-images.forbes.com

images4.wikia.nocookie.net
AHHHHHBOY AH CAN'T WAITS TUH BEE RICH!!!!
 
2014-03-30 08:13:42 PM  

DamnYankees: Yeah this guy sounds totally sane.


From small values of sane.
 
2014-03-30 08:14:48 PM  
The Ethereum Project he cites would be more impressive without a typo on their web page...

I think my day job is secure for a few more months :)
 
2014-03-30 08:15:16 PM  
Bitcoin technology?  Sounds like the Dumbass tag should apply here.
 
2014-03-30 08:19:41 PM  
i think he is confusing electronically signing contracts with..... well farking everything he can imagine basically.
 
2014-03-30 08:24:40 PM  
>futurist

stormchan.org
 
2014-03-30 08:31:26 PM  
But don't question Ray Kurzweil and his life extension beliefs.
 
2014-03-30 08:37:34 PM  
Ok, I may not really support bitcoin (bubble) but I do think the idea has merit.  It may take a few iterations before the idea really takes off.  Think about it, the premise of bitcoin is actually pretty solid.  The parts where it breaks down are the same components that forced the US gov't to charter the Fed to create currency.  I am not saying it is wrong or right, I am just saying that is what it is.  For us to have a tax structure as it is now, it requires a regulated currency.  The continued prosperity of the US and the banks that support it require interest and a culture of debt.  Face it, for the growth the US has encountered over the past century this is necessary.

The part where people get tripped up is where they start to think that country growth / development as well as a financial system growth / adaptation are infinite and will never break or fail.  The reality is that there is a cyclical ebb/flow built into this type of system.  Our system will collapse someday (maybe soon, maybe much later - too many variables involved to know for sure).  And that collapse may be cushioned by the country adopting and controlling the next global currency.  All we know now however, is that the system is losing some of its grip on global markets and automation is starting to erode its influence.  Things like bitcoin are only the first waves of systems that will continue to threaten to replace the nationalized dollar.  It will take awhile for this to replace actual currency.

As for a legal system built on the principles of bitcoin?  wtf.

/amIdoingitright?
 
2014-03-30 08:40:38 PM  

CruJones: Uh huh.  It doesn't really say Bitcoins will change anything, only a new system of holding contracts, which is stupid.  Is the problem ever that someone snuck in and changed it?  This is solving a problem that doesn't exist.


Kind of like bitcoin.
 
2014-03-30 08:44:51 PM  
I wonder if this author who said lawyers will be obsolete soon due to bitcoin has spoken to the guys who had to hire lawyers so they could sue MtGox for stealing all their bitcoins?

/irony is like silvery and bronzey except made of iron
 
2014-03-30 08:45:58 PM  

CruJones: And lawyers will still be needed to write contracts, and interpret them, and argue in court when people inevitably disagree.


Well the contracts would be written in some sort of scripting language by programmers, instead of lawyers. The computers would declare when the contract has been violated and what the consequences should be.

Problem is, block chains don't have a military or police force to stop someone from intentionally ignoring the terms of a contract in meat space.

"Oh, the computer says I didn't deliver enough product by the deadline?  Tell it to go fark itself."
 
2014-03-30 08:46:15 PM  
Has anyone read his books?
 
2014-03-30 08:49:37 PM  
So I'm not going to be forced to find a new career?  Dang.
 
2014-03-30 08:52:01 PM  
I'd say that authors will be obsolete soon.

/read my soon to be published book.
 
2014-03-30 08:56:38 PM  

DamnYankees: By the way, the idea that contract law will ever be automated is absurd. Contracts are merely the formalized way of "resolving disputes before they occur". If you think we're 6 months away from people never having disputes again, you're an idiot.


Well, a lawyer would say that, wouldn't he?
 
433 [TotalFark]
2014-03-30 08:58:54 PM  

Dman33: /amIdoingitright?


I don't think so.  If I skimmed the article correctly, it has little to do with bitcoin, but rather the software upon which it operates and the network upon which that rests.

I found the article very difficult to read, it contained a lot of terms and jargon I'm not familiar with.
 
2014-03-30 09:00:39 PM  
bopuc.levendis.com
Doesn't favor those not in the system.
 
2014-03-30 09:05:45 PM  
So Bitcoin enthusiasts understand the legal system exactly as well as they understand currency systems, hm?
 
2014-03-30 09:06:33 PM  
A) as noted above, this is a stupid solution to an imagined problem
B) Technology has already replaced thousands of lawyers. e.g. west and lexis replacing the legions of research lackeys

wrong and late, the perfect combination of fail
 
2014-03-30 09:06:37 PM  
Sh**, the computer can't even get basic inputs right on a fairly simple retrieve information query.

Bob Smith
Robert Smith
Rob Smith
Bobby Smith

Four separate people despite sharing a social security number. The computer KNOWS that Robert Smith is delinquent on a loan despite Bob Smith having check stubs and bank statements proving that the debt was paid on time.

I deal with screwed up paperwork on an almost daily basis when people buy cars, and those are straightforward enough with factory C of Os. Out of state title work or marriage/divorce would cause an automatic system to become far beyond worthless.
 
2014-03-30 09:22:52 PM  

ZAZ: Lawyers are mostly obsolete for consumer contracts. Debts are enforced by arbitration and credit reports.


Arbitration is a system where lawyers represent clients in front of other lawyers who have taken the place of real judges.
 
2014-03-30 09:26:35 PM  
This guy is a farking idiot.

Contracts are written in English, a fallible, ambiguous language that can be interpreted to mean anything.  The English language does not operate according to logic.  It does not use math.  X does not = anything until a judge says something.  No contract can capture every possible eventuality.  There will always be a unique event that can go either way in a contract.
 
2014-03-30 09:29:56 PM  
I think making courts open for more than 20 hours a week would be a great start.
 
2014-03-30 09:31:31 PM  

Dman33: .  Think about it, the premise of bitcoin is actually pretty solid.


No. Even if it had no other problems, it is inherently a deflationary currency. It couldn't actually function long term as a real-world currency because of that.
 
2014-03-30 09:38:03 PM  

ISO15693: vodka: Haha, this guy is so wrong on so many points that I don't even care to rebut him.

This is a very, very common feeling these days.


It will be less common in the future, as browser plugins that provide links to corroborating and contradictory information as the user types will be pre installed on all Windows 9 computers.
 
2014-03-30 10:12:46 PM  
OK, what this guy is saying is far fetched, the article is woefully short on details, and is basically a synopsis of a long audio program that I'm not about to listen to.

However.. the ethereum project,  whilst it is built on some of the principles that define bitcoin, is far more flexible and powerful.  It's essentially a decentralized ledger *and* a decentralized virtual machine with a built-in programming language for algorithmic manipulation of data and currency.   It looks pretty damned revolutionary to me.
 
2014-03-30 10:20:01 PM  

CruJones: Uh huh.  It doesn't really say Bitcoins will change anything, only a new system of holding contracts, which is stupid.  Is the problem ever that someone snuck in and changed it?  This is solving a problem that doesn't exist.  And lawyers will still be needed to write contracts, and interpret them, and argue in court when people inevitably disagree.

/Also, bitcoin will last slightly longer than Almost Human


Bitcoin, what a racket.
 
2014-03-30 10:21:54 PM  
Ya and pretty soon we'll have this as well....

img.fark.net

May his merciful shadow fall upon you!
 
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