Who else of note were in attendance?
If a smart contract is written by a smart contract lawyer, is it then a smart contract?They stressed the difference between smart contracts and smart legal contracts. Apparently a smart contract is not a contract at all.
Antonopoulus doesn't decide what aspect of bitcoin or crypto he's going to speak about until he begins..or so he says. I guess there are many facets to crypto...so plenty of sides to approach it from. Financial Regulation is something Arthur Cox concern themselves with, so I guess it makes sense that they would approach crypto/blockchain from this angle.The astonishing thing for me is how different it was from the Andreas Antonopulos meeting.
If a smart contract is written by a smart contract lawyer, is it then a smart contract?
I don't code so I only have a rudimentary understanding. However, despite not being a techie, I think I understand enough to recognise that the implications are massive.I don't know what a smart contract is so I don't understand the distinction.
A.A. doesn't get involved in the speculative aspect of things. To him, it's a side show. He is a proponent of the actual technology. However, he has on many occasions expressed the opinion that over time, the value of FIAT will slowly be debased and that value will transfer to crypto.Andreas didn't talk about its financial value except to say that the value is not one of his measures of success.
A.A. doesn't get involved in the speculative aspect of things. To him, it's a side show. He is a proponent of the actual technology. However, he has on many occasions expressed the opinion that over time, the value of FIAT will slowly be debased and that value will transfer to crypto.
You're quite right (not that I was there - but he has on numerous instances expressed this viewpoint). I don't disagree with it - it seems completely rational to me.In his Dublin talk he stated there was little to gain from moving to crypto in markets like Ireland with functioning bank systems and easy, fast, cheap payment alternatives. He added that he saw the real use case for cryptos in complete basket case economies or in nations controlled by what he termed 'despotic leaders'.
However, the value of FIAT will further erode.
Through central bank practices of printing money. As regards simultaneously devaluing, I wouldn't have thought so - it depends upon the practice of those that administer each particular FIAT. That brings us back to the most obvious use case for crypto that A.A. refers to - basket case economies where there's likely to be wholesale printing of FIAT.what will the value of fiat erode in relation to?
Will all fiat currencies devalue simultaneously?
SEC finally confirm that Ethereum is not a security. This clarifies the tax situation and by all accounts may lead to ETH futures being rolled out.There are three types of tokens
If it's a payment token, you would have to comply with Know Your Customer Rules and Anti Money Laundering.
- A payment token
- A utility token
- An asset token/security token
If it's an asset token, it would probably be classified as a transferable security and so would be subject to the Prospectus Rules
We're a couple of years on - and smart contract tech is still being worked on. I think that the following summary gives ordinary people an understanding of what smart contracts are:[Arthur Cox] stressed the difference between smart contracts and smart legal contracts. Apparently a smart contract is not a contract at all.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?