Bill Maurer Re-risking in Realtime: On Possible Futures for Finance after the Blockchain in BEHEMOTH A Journal on Civilisation (2016) Vol 9 Iss 2
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Artwork is by James Spanfeller for Avant Garde Magazine (May 1968)
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Wednesday, January 25, 2017
Money Wisdom #425
"I brought up Stephen J. Gould’s (1984) essay on the contingency of human
equality with my programmer friend. This is the essay where Gould argues we
humans are lucky that there is no other extant hominin species concurrently
occupying planet Earth. Things would have turned out quite differently for
our moral philosophy if there were. What if, I said, we create new consciousnesses
in our experiments with smart contracts? Even if we didn’t, what
if the law decided it needed to treat smart contracts as having promisees,
promisors, and beneficiaries and thereby concocting for them legal personhood?
Would we have to contend with whether those persons had the same
rights as natural persons? But the corporation is a person, he said. And then
trailed off. I was left to ponder whether the distinction between natural and
legal person would be something that could be tracked in a blockchain. How
would we account for that?"