CDR: Re: It's all property, folks (was Re: Insurance (was: why should it be trusted?))

[R. A. Hettinga]

At 6:52 PM -0500 on 10/19/00, Neil Johnson wrote:


> I'd rather not have my lungs injured in the first place.

Probably wouldn't be you, the first time. Legal precedent would keep it
from happening again. See Friedman's Machinery of Freedom for details.

> Same deal.  I'd rather it not be polluted in the first place.
>
> And how do I sue some one if there is no judicial system or government to
> enforce the
>  decision. "Joe's International House of Justice"  ?

Sure. Why not? Again, see Friedman.

You don't need nations to have law.

More to the point, financial cryptography will make private law cheaper,
because the mechanical bits will be written in software. Bearer protocols
like blind signatures point the way to this.

Write software, not laws. It's cheaper.

Cheers,
RAH
-- 
-----------------
R. A. Hettinga <mailto: rah at ibuc.com>
The Internet Bearer Underwriting Corporation <http://www.ibuc.com/>
44 Farquhar Street, Boston, MA 02131 USA
"... however it may deserve respect for its usefulness and antiquity,
[predicting the end of the world] has not been found agreeable to
experience." -- Edward Gibbon, 'Decline and Fall of the Roman Empire'