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I agree. Also, if the above definition was enforced and we assume everyone was rational, there would be no contracts or smart contracts. If I click "yes I accep

I agree. Also, if the above definition was enforced and we assume everyone was rational, there would be no contracts or smart contracts. If I click "yes I accept the TOU" and $1B USD is debited from my account because I overlooked that clause, and I had to actually pay it it would be pure logic but very unreasonable. Logic meant something like spoken word in the original Greek language, it eventually evolved into something close to reason, which is: > the mental powers concerned with forming conclusions, judgments, or inferences. - Dictionary.com so I certainly agree they are != and actually find the parent's definition of reason quite unreasonable. edit: While the code itself will be difficult to write and have issues, much of what will really be the problem is how oracles use logic/reason to propogate settlement distinctions. The key problems are: * creating a bulletproof contract [touched on above] * tx/rx of the settlement information from the oracle's interpretation. * interpreting the oracle's interpretation * settling

Natanael_L 10y ago
How about just letting people opt in / out of legal interpretation? https://news.ycombinator.com/item?id=11940771 https://news.ycombinator.com/item?id=11940771
- Dylan16807 10y ago
  There are good reasons you can't waive away certain rights, especially seen in the areas of employment and rent.
- roywiggins 10y ago
  You can't sell yourself into chattel slavery even if you are an "expert." For good reason. Either you allow those sorts of contracts or you acknowledge that some contracts are unconscionable. Being able to opt out of the legal system would result in private "security" forces with the legal right to hold you upside down by the ankles and shake until you pay up (but, hey, the interest rate was better than the payday loan company that didn't make you sign away your rights, so you took the one with the opt-out). The result would be something out of "Snow Crash." Or a TV sketch: https://www.youtube.com/watch?v=vLfghLQE3F4 https://www.youtube.com/watch?v=vLfghLQE3F4

Natanael_L 10y ago

How about just letting people opt in / out of legal interpretation? https://news.ycombinator.com/item?id=11940771 https://news.ycombinator.com/item?id=11940771

Dylan16807 10y ago
There are good reasons you can't waive away certain rights, especially seen in the areas of employment and rent.
roywiggins 10y ago
You can't sell yourself into chattel slavery even if you are an "expert." For good reason. Either you allow those sorts of contracts or you acknowledge that some contracts are unconscionable. Being able to opt out of the legal system would result in private "security" forces with the legal right to hold you upside down by the ankles and shake until you pay up (but, hey, the interest rate was better than the payday loan company that didn't make you sign away your rights, so you took the one with the opt-out). The result would be something out of "Snow Crash." Or a TV sketch: https://www.youtube.com/watch?v=vLfghLQE3F4 https://www.youtube.com/watch?v=vLfghLQE3F4