Let’s hope that Musk fixes it.
786 karma · joined December 19, 2011
Director http://of Mattereum.de
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This is not legal advice, it's barely even life advice.
Let’s hope that Musk fixes it.
Mattereum.com/land is a legally acceptable way of doing fast transfers of real estate. Also works for gold bars etc.
Wow it’s hard to get any airtime.
You’d think “we’ve built the core tech for a global electronic exchange for the world’s largest asset class” would be easy to get publicity for but no.
https://en.wikipedia.org/wiki/2024_United_States_presidentia...
I was raised on Karl Popper and Thomas Kuhn. There can't be anything to it. It has to be nonsense.
December 06 2024 is the next Mars retrograde. See if things don't go completely to hell right around then.
Co-invented the world’s fastest voxel renderer in 1993
Paid for a year in digital currency… in 1999
Pioneered content management systems for really hairy databases in the early 2000s. One of those projects is still going.
Went into energy policy after 9/11. Editorial team for the Pentagon’s study on the future strategic significance of oil.
Cryptographic design work for the US Office of the Secretary of Defence around 2008
World class work on worst case scenario pandemics and sheltering people after nuclear terrorism around then too.
Project managed the Ethereum launch in 2015.
But the really interesting stuff is http://myhopeforthe.world
I’ve kept busy. :)
Not bad for a man who couldn’t write until 17
If you’re looking for ideas about how to recover from concussion damage they have a state of the art interest in the field.
GOOD LUCK!
Tastes less toxic. Is it?
Two lessons from my experience.
1) the brain is incredibly plastic and over time figures out how to get things done
2) intense practice of very simple activities leads to very surprising and dramatic rewards -- video games with a strong hand-eye coordination component vastly improved my dyspraxia (at my age, we're talking Pac Man in arcades!) and then I moved on to tai chi. Deliberate practice of very simple things seems to be powerfully transformative for people struggling with neurological issues in general.
I don't know how much it helps, but strong odds there is a future. The year between A Levels and university to give yourself time to heal before you go straight into the next thing is a great idea. I also imagine there's a ton of emotional fall out from your attack and that also takes time to heal.
Shit hand of cards. You sound like you're doing a good job of coping. Keep on going it will improve over time.
https://www.researchgate.net/publication/323883629_DC_Applia... for example
The match between daytime AC loads in workplaces and the output from solar panels is close enough to work in many areas.
Marvel works because of the endless nerd wrangling in the comics world imposing narrative discipline and critical standards. Plus the crappy stories don't make it to the big screen. Star Wars just doesn't have that: it's a cathedral and there's no bishop, vs. the much more bazaar and bizarre comic book processes.
Needs a genius at the helm or it flounders. Where's Marcia Lucas these days?
Shout out to all the short men looking for funding. We feel your pain.
Everything is equivalent to a Turing machine.
The question is costs.
"clearly how technology is going to streamline the process of conveyancing. This is what's actually needed, not trading property like NFTs"
These statements say the same thing: a perfectly efficient conveyancing process is seamless, so the property can change hands like an NFT. An atomic swap with cash in one direction and the title etc. in the other.
At which point, we just use an NFT.
Have a nice day.
If that's how you see the world, me going point by point is not going to change your fundamental "but only 5000 people have email accounts."
Here's 550 pages of the UK Law Commission (govt legal think tank) discussing how to integrate digital assets into UK law.
https://www.lawcom.gov.uk/project/digital-assets/
Why do you think this kind of labour is going into the digital asset space?
Crypto is a massively compelling proposition to working transactional lawyers at all levels of seniority but it's especially compelling to the most senior. They know their business. As do I.
Decades of experience doing real world transactions makes the utility of the blockchain obvious. To people without that experience, maybe the point is harder to see?
But the serious types get it. That's the lived experience in the field.
You are a little behind the times on the status of digital signatures, smart contracts etc.
Our project The Law Commission was asked by the Lord Chancellor to include work on smart legal contracts as part of our Thirteenth Programme of Law Reform. In November 2019, the UK Jurisdiction Taskforce (“UKJT”) published its legal statement on cryptoassets and smart contracts. The UKJT Legal Statement concluded that, in principle, smart contracts are capable of giving rise to binding legal obligations, enforceable in accordance with their terms.
Following this, the Ministry of Justice asked us to undertake a detailed analysis of the current law as it applies to smart legal contracts, highlighting any uncertainties or gaps, and identifying such further work as may be required now or in the future.
Advice to Government We published our advice to Government on smart legal contracts on 25 November 2021. It was informed by the detailed responses we received to the call for evidence, published in December 2020.
We have concluded that the current legal framework in England and Wales is clearly able to facilitate and support the use of smart legal contracts, without the need for statutory law reform.
People have said things like this about every new technology -- both the successes and the failures. Will it succeed or fail? We shall see -- I think the former, you think the latter, that's fine: you have no skin in the game and are entitled to your opinion.
But here's the bottom line: there's no electronic trading system for real estate right now, other than things like REIT equity on exchanges.
So whoever cracks that wins big. Is that a reasonable risk for a commercial enterprise to take?
Absolutely.
Is the first one done the same as the five thousandth one? No, we'll learn, improve, refine. We'll build commercial infrastructure and commercial partnerships.
But the prize is large enough to do some actual work on, because if we're right, we wind up winning big.
If the legals are a little confusing, I suggest going over it with a lawyer, assuming you aren't one!
It hits different coming from people that handle the legal frameworks for trillions of dollars of transactions, you know?
https://www.judiciary.uk/wp-content/uploads/2022/02/Speech-M... -- head of civil justice for the UK discusses smart contracts and commerce.
Read points six through ten here. This is entirely the point: having the data and contracts on chain is hugely important. If you don't understand this, you don't understand critical features about how everything really works.
1) it takes four months on average to transfer real estate in the UK. It’s about the same in most other counties.
2) with our system that is reduced to one KYCAMLCTF/source of funds check, and an atomic swap on Ethereum.
Two days and most, and instant if you pre-clear the money.
3) getter a property legally ready for that transaction takes some time of course, but that work is mostly reused in subsequent transactions.
4) this is of most utility to large property companies not invisible house buyers. Developers and REITs for example.
5) no, you cannot do this with a database, a database can’t clear a $1.2m payment in real-time or create legally binding digital signatures on electronic versions of paper contracts, at least not without a vast amount of middleware. It’s a real blockchain use case.
Right now there is no meaningful electronic trading venue for real estate. The closest you get is listed REIT stock on stock exchanges.
Roughly three trillion of transactions a year for real estate. It’s a worthy market.
Not, I think you’ll find, a solution looking for a problem. A very large market indeed which has so far not found an electronic trading system that suits its operational and commercial needs.
As MICA in the EU and other similar legislation around the world clear out the pirate finance people the blockchain will simply normalise as a standard technology for doing transactions. If we also see central bank digital currency — it seems certain in at least some jurisdictions - that removes another set of uncertainties.
The UK Law Commission recently published a 550 page consultation document on digital assets in the UK. As that rolls into legislation the grey area will evaporate and we would expect mass adoption for B2B use cases to begin.
That’s certainly the government’s intention.
Yes there are a lot of naive grifters in the blockchain space. There are also a lot of world class technologists and lawyers. There are people breaking the law, or breaking laws which should exist! And there are people creating the enabling legislation.
Because you’ve been listening to propaganda not thinking for yourself, you have pre-judged the situation without understanding what the legislative agenda from the larger governments will enable. And I don’t mean USA here, that’s just a mess, but the world is bigger than just America.
You can actually read the legal contracts which make that happen at mattereum.com/land — go over it with a lawyer, they’ll explain how it works.
It’s straight forward contract law. The property has to be in an SPC (special purpose vehicle) but that’s standard for all commercial real estate and quite a bit of high end residential.
It’s just a lot of lawyering. It actually works.
https://medium.com/humanizing-the-singularity/why-global-tra...
I think you will find that if you think carefully the blockchain presents an opinionated solution to building useful globally distributed databases.
This breaks it down more explicitly. https://ancapalex.medium.com/a-cursory-introduction-to-byzan...
You actually have to think about this to understand it. From first principles.
Move on.
They needed Goldman or somebody like it in on the deal. Everybody had to put on a suit. It was industrial.
Now it’s a cottage industry of petty grifters exiled from multi level marketing, plus a few big Silicon Valley institutions that turned to the dark side: A16Z springs to mind.
Not much has changed, only the direct to consumer nature of the scams without needing an investment bank in the mix.
Same old game.
https://www.judiciary.uk/wp-content/uploads/2022/02/Speech-M...
That’s from the UK head of civil justice. Read points six through nine.
Then https://medium.com/humanizing-the-singularity/the-best-of-bo...
Which explains how we get real world facts on to the blockchain in an economically secure way.
No, you cannot do this with a database.
Bear in mind I’m also http://myhopeforthe.world and http://guptaoption.com/2.long_peace.php and several other projects.
I’m spread thin across a surprising variety of fields working on problems that to most people look disconnected, but to me look like aspects of the same thing.
https://medium.com/humanizing-the-singularity/by-the-end-of-...
This is what I wrote the morning we launched Ethereum.
My mind is not particularly deep, but it is exceedingly wide. If you can find my equal in this regard let me know. I should like to meet them.
What I’m putting together is the technology platform to take the edge off the global humanitarian clusterfuck which is coming when the international refugee system collapses under the weight of climate refugees.
* blockchains and legal contracts get us aid transparency - if we can track the underlying physical assets say with 2D barcodes.
* correctly deployed insurance gets us biometrics without centralised databases. (Guptaoption.com/cheapid)
* unconventional approaches to civilian military cooperation are required to roll out aid on this scale https://web.archive.org/web/20120127093132/http://science.do...
Yes that is an archived version of an official DoD blog post about me.
* I worked for these folks for years https://akvo.org/wash-and-water-quality-data-solutions/ which is how we figure out where the food and water etc. are
I’m mapping and prototyping the systems for keeping hundreds of millions of people alive when the shit finally hits the fan on climate change.
Two molecules thick over a territory the size of a university.
You either see it or you don’t, but what I’m knitting together here is the only remotely viable global plan for managing the worse aspects of the humanitarian damage we are going to take from climate change.
I didn’t say “once in a generation transformative intelligence” lightly. This is about half of the shit that I’ve done in the last 20 years.
I started working flat out on this knowing it would take 30 years or more to develop in 2002.
Do you remember worrying about climate change in 2003? Do you remember how insignificant it looked? A little respect, please.
Shit has to get done. Something bad is coming.