When an audited #smartcontract fails where does liability lie? 1/5
Assuming a lawyer is involved with a failed #smartcontract is that person liable? 2/5
Is the original coder liable if a #smartcontract fails? 3/5
Is the auditor of a #smartcontract liable if the smart contract fails? 4/5
There aren't straightforward answers to liability questions concerning #smartcontracts yet, but these issues are coming. 5/5

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More from @NelsonMRosario

Sep 11, 2018
Apropos of nothing, here is a thread with links to #crypto guidance from the US Treasury's Financial Crimes Enforcement Network, or #FinCEN
July 21, 2011, FinCEN clarifies what a money service business means gpo.gov/fdsys/pkg/FR-2…
March 18, 2013, FinCEN issues guidance with respect to using, exchanging, and administering virtual currency fincen.gov/sites/default/…
Read 10 tweets
Oct 21, 2017
One like, one unpopular Blockchain/Cryptocurrency opinion
1/ trusted intermediaries are sometimes great
2/ there is no such thing as crypto economics, there's economics
Read 71 tweets
Sep 30, 2017
My dad lives on the island. I shared the President's response with him this morning. He wanted me to share one anecdote in response. 1/
For context, my dad is helping with rebuilding right now, and has friends in the govt, elected and appointed, on the island. 2/
After I told him what the President said he went quiet and said "Wow." A second later he says "I'm gonna share one detail with you. One." 3/
Read 9 tweets

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