Flexible contracts designed to perform when the "unknown unknowns" materialize are intuitively the "solution", except they dont mesh well will the more typical transactional arrangements that aim to decouple units.
Flexible contracts designed to perform when the "unknown unknowns" materialize are intuitively the "solution", except they dont mesh well will the more typical transactional arrangements that aim to decouple units.
There’s been a recent spate of celebrities in the US who’ve “succeeded” by staying arguably within the bounds of legality while well outside the bounds of the norms we ought to want. Too much of those conversations end up about the legality and not about the much more powerful and more precarious norms being attacked under the hood.
This also accurately describe a very large portion of silicon valley firms.
In these places there is a phenomena of scam businesses preying on customers - and getting law enforcement help to do it. An example is fake invoice companies that just spam out fake invoices and then get the sheriff to help them collect the money, since the recipient is obliged by law to contest any invoice in writing, no matter how fake. Customers are highly suspicious of doing business and making purchases in these places, since they've been screwed over so many times. In aggregate this has a huge economic impact.
In the end, there's nothing new under the sun.
https://ethglobal.com/talks/hackathon-kick-off-retroactive-p...