Ethereum Q&A: Smart contracts and law ambiguity

Why is "smart contract" a confusing term? Are smart contracts legally enforceable if people don't understand how they are executed? Could we make human-readable smart contracts, reconciling the ambiguity of real-world law vs. code law?

Note: Apologies for the weird discoloration in the beginning of the video. I am not sure what caused it.

These questions are from the MOOC 10.6 session, which took place on October 11th 2018. If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron: https://www.patreon.com/aantonop

RELATED:
The Lion and the Shark: Divergent Evolution in Cryptocurrency - https://youtu.be/d0x6CtD8iq4
Investing in Education instead of Speculation - https://youtu.be/6uXAbJQoZlE
Ethereum, ICOs, and Rocket Science - https://youtu.be/OWI5-AVndgk
Slush17 Panel: Farewell to Centralised Data - https://youtu.be/ul0aGzF-v5c
Blockchain vs. Bullshit: Thoughts On The Future of Money - https://youtu.be/SMEOKDVXlUo
Why I'm writing 'Mastering Ethereum' - https://youtu.be/So6WERp7vLY
What is Metropolis? - https://youtu.be/nmGu2mCpm90
Smart contract platforms - https://youtu.be/XU8Bc5oxneE
Smart contracts, sidechains, and the Lightning Network - https://youtu.be/wfxticQHvaw
Impact of smart contracts on law and accounting - https://youtu.be/K-TRzuPwJCc
Key management and inheritance - https://youtu.be/W3XADagE6P8
The legality of smart contracts - https://youtu.be/eKfnmxSmVF0
Gas and resource allocation - https://youtu.be/HwUJIGlHFes
Intrinsic vs. extrinsic assets - https://youtu.be/KDtfFNZy9xg
Altcoins and specialisation - https://youtu.be/b_Yhr8h6xnA
Ether, ICOs, and securities - https://youtu.be/guBNLSsnAiA
Unstoppable code - https://youtu.be/AQx3E3F8Kz4
Airdrop coins and privacy implications - https://youtu.be/JHRnqJJ0rhc
Initial coin offerings (ICOs) - https://youtu.be/Q5R8KuxV4A0
The token ICO explosion - https://youtu.be/vdaW8NtJXuQ
'Coin' and 'token' terminology - https://youtu.be/WjWkttUkm58
ICOs and responsible investment - https://youtu.be/C8UdbvrWyvg
ICOs and financial regulation - https://youtu.be/Plu_WX3Gs8E
ICOs, disruption, and self-regulation - https://youtu.be/yfjgcI8xX3A
Scams, gambling, and regulation - https://youtu.be/fTI88YrN1UE
ICOs and pyramid schemes - https://youtu.be/8HYWWP1QU7Q
Directed acyclic graphs (DAGs) and IOTA - https://youtu.be/lfgMnbb5JeM
Scaling and "Satoshi's vision" - https://youtu.be/Ub2LoTcYV54
"Blockchain, not Bitcoin " - https://youtu.be/r2f0HlaRdgo
Reflections on the last five years - https://youtu.be/NoCi64uaFT0

Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in bitcoin.

Follow on Twitter: @aantonop https://twitter.com/aantonop
Website: https://antonopoulos.com/

He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.

Subscribe to the channel to learn more about Bitcoin & open blockchains; click on the red bell to enable notifications about new videos!

MASTERING BITCOIN, 2nd Edition: https://amzn.to/2xcdsY9

Translations of MASTERING BITCOIN: https://bitcoinbook.info/translations-of-mastering-bitcoin/

THE INTERNET OF MONEY, v1: https://amzn.to/2ykmXFs

THE INTERNET OF MONEY, v2: https://amzn.to/2IIG5BJ

Translations of THE INTERNET OF MONEY:
Spanish, 'Internet del Dinero' (v1) - https://amzn.to/2yoaTTq
French, 'L'internet de l'argent' (v1) - https://www.amazon.fr/Linternet-largent-Andreas-M-Antonopoulos/dp/2856083390
Russian, 'Интернет денег' (v1) - https://www.olbuss.ru/catalog/ekonomika-i-biznes/korporativnye-finansy-bankovskoe-delo/internet-deneg
Vietnamese, 'Internet Của Tiền Tệ' (v1) - https://alphabooks.vn/khi-tien-len-mang

MASTERING ETHEREUM (Q4): https://amzn.to/2xdxmlK

Music: "Unbounded" by Orfan (https://www.facebook.com/Orfan/)
Outro Graphics: Phneep (http://www.phneep.com/)
Outro Art: Rock Barcellos (http://www.rockincomics.com.br/)