During the Fintech Week Hamburg (10th-14th of Oct 2016) Florian Glatz, software developer and lawyer from Berlin, held the interesting presentation “From Fax Machines to Fact Machines” (charts are mainly in German language). In my eyes the most important slides are:
- the triad of scarce resources, economic incentives and free competition is an important base for the crypto economics
- design principles: while one goal of legal contracts is to anticipate aberrations by smart contracts only the “happy path” is defined
- the limits of smart contracts: the parties¬¥ motifs underlying a contract are expressed implicitly as a maximum
In addition please pay attention to the three perspectives on regulation at the end of the presentation.