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/biz/ - Business & Finance


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File: 179 KB, 988x819, sxsw_sergey.png [View same] [iqdb] [saucenao] [google]
6405376 No.6405376 [Reply] [Original]

You still don't see it do you? You don't have any idea how much this token will be worth once mainnet launches, do you? You think its staying in the single or double digits, don't you?

The fact that Sergey is talking about killing lawyers at SXSW in March, and the CEO of Docusign is also speaking at SXSW this year says a lot about where this is heading. Docusign is used for an enormous number of real estate contracts at the moment, so being able to tie those signatures into a blockchain through Chainlink alone is going to make LINK explode in value.

Now imagine every other kind of legal contract you can imagine being tied to blockchains through Chainlink.

Imagine every B2B, B2C and P2P dApp that's released in 2019 using Chainlink as part of zeppelin_os.

Imagine Facebook enters crypto and uses Chainlink to interact with their own chain (Director of Engineering at FB is a Chainlink advisor).

Imagine all real world data that would find use and application on the blockchain being funneled onto the blockchain through Chainlinke, and all blockchain data that would be useful to the real world funneling out of the blockchain through Chainlink.

Chainllink is the new internet. You have no idea where this is headed and where it will reach. You've had more than enough time to get in. You're going to lose your shit soon if you're still on the sidelines. And I'm going to laugh at you all the way to early retirement.

>> No.6405532
File: 58 KB, 750x498, 1515130076155.jpg [View same] [iqdb] [saucenao] [google]
6405532

Amen

>> No.6405649

>>6405376
Mobius is better than Link, dunno why you keep shilling Link.

>> No.6405706

>>6405649
When is Mobius's mainnet launch date?

Who are they working with?

How big is the barrier to adoption?

Exactly.

>> No.6405742

Because mobius was found in a gutter in Mumbai, polished up nice and shiny, and sold to morons.

>> No.6405750
File: 6 KB, 211x239, images.png [View same] [iqdb] [saucenao] [google]
6405750

>>6405649
>>>6405376 (OP)
>Mobius is better than Link, dunno why you keep shilling Link.
Topkek. Fucking moron

>> No.6405826

>>6405649

Says the paid shill with shit on his ass.

>> No.6405908

>>6405649
shoo shoo pajeet

>> No.6405909

>>6405649
Sell your Mobius bags now. Get on the winning team brainlet.

>> No.6405922

>>6405649
This dude spam his mobius shit in all threads. Obviously paid. Fuck off lamer.

>> No.6405931
File: 8 KB, 211x239, 1514670611941.jpg [View same] [iqdb] [saucenao] [google]
6405931

>>6405376
too man teem
mobius is bettar in evey way
serghey works in a nail soloon
big macs

>> No.6406019
File: 790 KB, 2448x1836, 1515637661765.jpg [View same] [iqdb] [saucenao] [google]
6406019

>>6405376

>9000 EOY

*blows out candle*

>> No.6406104

>>6405649
I don't know why people keep saying Mobius is better than ChainLink. It makes no sense. Read the first page of each white paper.

ChainLink = decentralized blockchain-agnostic oracle service
Mobius: decentralized payment system kind of like REQ that has it's own oracle service.

They're 2 completely different technologies.

Besides, Mobius does not have the same connections as CL. Matter of fact, it has zero connections. They're all Indians for God sake.

>> No.6406180

For those who don't know how big SXSW is, everyone in Texas knows about this. SXSW is a city-wide festival in Austin. Latest tech expos, conventions and lots of fucking partying as lots of musicians show up to.

>> No.6406221
File: 108 KB, 1920x1080, 1515349905541.png [View same] [iqdb] [saucenao] [google]
6406221

>> No.6406222

>>6406104

Mobius is a cash grab who now has paid shills littering up /biz/ trying to siphon off LINK buyers. Its just dumb pajeets scamming other dumb pajeets out of a good project and into a vaporware scamcoin that capped as many buzzwords as it could from other projects.

Anyone with Mobius in their portfolio should just give up now. They weren't meant to make it.

>> No.6406286

>>6406180

>and lots of fucking partying

Exactly. And at those parties, is a whole lot of schmoozing. Which is why Sergey talking about killing lawyers while the CEO of Docusign will be speaking at the same conference is such a big deal. If SmartContract doesn't already have an arrangement with Docusign, they're about to land one.

>> No.6406317

>>6406180

Where can i get a ticket to the sxsw talk? Im in houston.

>> No.6406423

>prenup smart contracts on the blockchain
>wealth becomes unstealable by roasties and their shekelberg lawyers
>roasties eternally BTFO

>> No.6406439

>>6405649
I don't think your attempt to promote mobius is successful, and more than that.. I think you are actually causing damage, everyone that reads comments like this, will get the impression that Morbius (or it's investors) resort to aggressive marketing because they have nothing else, they have no future - and they know it.
How many people do you think that wants to buy mobius because of your activity, and how many people do you think will never buy a mobius because of your activities. think about it, this shit you are doing is nothing but infuriating, you don't gain anything from it, you only loose. -And so does everyone else that has to witness it.

>> No.6406468

>>6406423
Greatest timeline.

>> No.6406516

>>6405649
unironically this

>> No.6406537

>>6406439

Nah. Mobius loses. But they pay that guy so he likely doesn't give af that his job sucks. Every pajeets job sucks.

>> No.6406599

As a law student, you’ve piqued my interest. Gonna read more into Link as soon as possible.

>> No.6406639

SWIFT IS DROPPING LINK, READ LATEST REQUEST NETWORK BLOG ON MEDIUM

O FUUUUUUUUUUUCK

>> No.6406676

>>6406599

Advice: take your student loans, dump them in LINK, and drop out of school. Its game over for the legal industry. Glorified paper pushers (no offense) will be automated away with the help of relatively simple AI, and contracts will be moved onto and executed by blockchains.

>> No.6406733

>>6406286
Isn't the CEO of DocuSign speaking WITH him, not just at the same conference? Tom Gosner, right?
>SmartContract CEO, Sergey Nazarov will be presenting at SXSW on March 14th, 2018. The panel focuses on how smart contracts and ChainLink oracles will revolutionize the way legal agreements between parties are reached. He will be presenting alongside Tom Gonser who is the founder and former chief strategy officer of DocuSign. Mr. Gonser is now a partner with Seven Peaks Ventures, a venture capital fund out in Oregon.

>> No.6406796

>>6406317
It costs like $800 anon. Better spend it on more LINK.

>> No.6406816

>>6406733
if they're on stage together at any point, expect a 3x moon right then and there.

>> No.6406818

>>6406676
Yeah I’m definitely going to get my degree but I’m looking into fields that will actually exist in a decade, and I’m already trying to figure out how I can merge Crypto and Law for maximum gains.

>> No.6406947

>>6406733

He's speaking with Gosner, who's founder and former officer at Docusign. But the current CEO is also speaking separately, and surely if Sergey hasn't met him already, Gosner will hook him up while they're in Austin.

https://schedule.sxsw.com/2018/speakers/9586

>> No.6407002
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6407002

>>6406947
Great. SXSW sounds like a paradise of big fish for an aspiring entrepreneur like Sergey, and he's got VIP tickets.

>> No.6407120

>>6407002

Yup. If you go to these kind of events with the right people in your network also attending, you can land a half dozen partnerships over the course of the festival if you're attending the right parties.

Sergey is clearly a pro at shmoozing with big wigs to have gotten as far as he has and to have worked with the companies he has. I have no doubt we'll see entirely new clients get announced at some point down the line that came out of SXSW hookups.

>> No.6407484

>>6406317
That's where I used to live too. There isn't 1 ticket to SXSW. It's a bunch of events. You get tickets to whatever event you want to go to.

>> No.6407687

What does presenting with someone mean unless you're going to present something you've worked on together. I think unlike SIBOS this time there's a real chance of an announcement of a working relationship. Gosner works for two different VC groups and is on the board of several other startups so they're a ton of opportunity there.

>> No.6407980

None of those are the reasons lawyers exist

I'm a lawfag and I've been racking my brain at how to apply blockchain

Maybe a niche esigning thing, but blockchain can't make contract problems go away

(Pro tip: courts are the reason contracts are the way they are, not lawyers or businesses)

>> No.6408145

>>6406676
What about trial lawyers? What about M&A, securities, structured debt, tax, really every lawyer there is?

>> No.6408244

>>6407980

Pro tip: I know for a fact banks have been wanting exactly LINK for over 5 years now and have been eyeing Ethereum for just as long. They want contracts executed on blockchains. You are horribly mistaken if you think its not possible. Legal contracts are copypasta bullshit that can easily be moved to smart contracts. And given how expensive the legal industry is to everyone, I guarantee you any large player is going to champing at the bit to switch to smart contracts once main net is launched and pilots have been run.

>> No.6408355

>>6408244
That just means lawyers will be managing the blockchain contracts for the banks, not that nonlawyer bankers will do it on their own

>> No.6408375

>>6408244
Yes but what distinguishes smart contracts on the blockchain from others? Especially insofar as getting rid of lawyers?

What is it you and this other guy think lawyers do with contracts?

>> No.6408401

>>6405376
Buy link on Binance to defeat the lawyer jew.

ref=20152199

>> No.6408446

>>6408145

AI against lexis nexus + someone to show up in court. Yes trial lawyers will still exist, but that's honestly a minor fraction of what lawyers do. Most things don't end up in courts, its all just handled through paperwork.

M&A smart contracts are perfect for.

Securities smart contracts are perfect for.

Structured debt smart contracts are perfect for.

Tax, or anything finance related at all, smart contracts are perfect for.

Lawyers are glorified paper pushers. Their paralegals do most of the heavy lifting, and AI is quickly coming for the entire industry. Even before blockchains began to eat the world its been clear to technologists for years that lawyers will be one of the first white collar jobs eliminated by AI. Now that we have AI and blockchains, its game over for those suit wearing, weasely, overpaid crooks.

>> No.6408464

Chainlink is the industrial revolution 2.0

>> No.6408568

>>6408446
Ai has nothing to do with blockchain and is nowhere close to being able to do that anyway

Best use for ai in the are able future is determining likelihood of success and payout

Explain to me what a smart contract is as opposed to a regular one, and then how he blockchain would be applied to it

>> No.6408651

I mean to me it just sounds like you don't need escrow anymore, and payment not being terrible, which is extremely valuable but not this lawyer apocalypse I keep hearing about

>> No.6408703

Mobius is literally run by 2 pajeets and 1 jew. Guess nothing could go wrong, huh?

>> No.6408707

>>6408446
AI may be used in some capacity in those practices but who do you think will actually do the work

>> No.6408849

>>6408568

AI doesn't have to do with blockchain. That doesn't mean AI isn't coming for the legal industry (fact: it is. its been expected and known that its coming for years). A legal industry shifting to blockchains will just end up using AI in place of lawyers/paralegals at an accelerated rate. The two of them together will level the industry, and lawyer's paycheques with it.

Best use for AI is anything we apply it to... you're clearly not a software developer. AI in the legal space could compile entire cases using precedents mined from the corpus of past legal cases, most of which exists digitally already. Given lawyers are glorified paper pushers, computers can easily take over and do it better, faster, and more accurately.

If you don't know the difference between a smart contract and a normal contract, not only are you not a developer, you're also not a lawyer. Do more research on what Ethereum is, what finite state machines are, and how legal contracts are created and executed.

>> No.6408971

>>6408707

The handful of lawyers that survive the bloat being eliminated. There's too many lawyers, and not enough work once we see the industry switch to AI + DLT for most of the day-to-day legal filings. There will still be some lawyers, but there will be far less, and they will be far cheaper because entirely new legal services that can handle 100x the workload with the help of automation will pop up and become powerhouses while all other legal firms will crumble and fall behind.

This will be like if Walmart or Amazon entered the legal space. Your little ma and pa legal shops don't stand a chance.

>> No.6409104

>>6408849
>so is coming for the legal industry
I don't disagree, but that isn't what the thread is about. There is also a question of when is that going to happen? Ai is coming for everything lad.

>will just level the industry
You haven't demonstrated why, and you're just throwing blockchain in there like it's meaningful

>ai could do this
You and I could come up with millions of applications for ai, that doesn't make them come faster or soon

>if you don't know the difference
I do know the difference, I asked rhetorically because I don't think you do

You still haven't explained any nuance, nor practical application in the near future

If then statements aren't going to replace the contract process because that is not why the contract process is in place. It's in place to signal to the court that the parties knew what they were signing. A judge is like to wipe his ass with if then statements if he feels like it.

If contracts could be solved by that by now they would have been.

>> No.6409147

>>6405376
>Imagine Facebook enters crypto and uses Chainlink to interact with their own chain (Director of Engineering at FB is a Chainlink advisor).
Why lie?

>> No.6409148

>>6405376
DONT LET THIS FERRET SHILL YOU A MEME COIN

>> No.6409168

>>6408971
The legal field is unstreamlined by design, try actually studying the law before opening your fat mouth, dunning Kruger

>> No.6409199

>>6409168
triggered nolinker

>> No.6409229

>>6409199
I said there's still value, it just won't accomplish this fantastical fag paradise you are jerking off to

>> No.6409236

>getting rid of lawyers
Getting rid of notaries with smart contracts, not actual lawyers. Nobody cares about notaries, usually in firms the notary is just a random guy who put their hand up to do it every now and then.

Chainlink shills this fucking desperate.

>> No.6409241

>>6405376
every smart contract will eliminate lawyers

>> No.6409255

>>6409241
yeah and guess what smart contracts need: LINK

>> No.6409277

>>6408971
Thanks anon, great info

>> No.6409286

I don't get it. How would LINK even verify that Oracles are providing accurate information? It seems way more likely that big oracles would be able to take over the network. I mean wouldn't Google be able to completely destroy this meme token?

>> No.6409292

Data medium of the information aeon

>> No.6409310

>>6409168
It's also one of the most insular and protected cartels with significant licensing barriers meant to protect profitability.
All of that supported by strict oversight imposed by the legislature, which is composed 90% of...

>> No.6409338

>>6409147
That's true tho

>> No.6409368

>>6405376

>all the link fuders are brainlet lawyers fearing for their jobs

figures

>> No.6409391

>>6409310
Yea, like even if this tech could do what this guy is claiming, which I don't see, then lawyers would just jerk each other off by throwing up new barriers

And by lawyers i mean fat scumbag cockroach judges, the worst people in the country

>> No.6409404

>>6409286
read the white paper.

>> No.6409424

>>6409368
I'm not even arguing against link, I said getting rid of escrow and making payment easy is already worth something

I haven't looked into link at all actually

>> No.6409432

>>6406221
COMFY
O
M
F
Y

>> No.6409435

>>6409391
lol ok, so you bet on the lawyers. we'll bet on the future

>> No.6409443

>>6409404
ha, you stinky linkies are so delusional. When ever anybody calls out your smelly meme coin for what it is, you deflect: "read the whitepaper".

Can't wait to see linkie tears when your stinky meme coin crashes to 0.

>> No.6409445

>>6409391
>the worst people in the country
>country
You Americans need to realise you aren't the only country on the planet. If American lawyers screw over Chainlink it won't matter.

>> No.6409461
File: 17 KB, 604x340, bstvdnd.jpg [View same] [iqdb] [saucenao] [google]
6409461

>>6409286
> google
> Oracles/trust

lol

>> No.6409463

>>6409104

All of that can be done with smart contracts. Docusign already runs the real estate contract space. Real estate contracts could easily be generated from templates, spit out as smart contracts, sent to the parties for eSignature, and filed with any parties needed without a single lawyer being involved given real estate agents create those contracts in the first place. So long as the smart contract standard being used is an agreed upon standard, there would be no requirement of a lawyer reviewing it because it would already have been reviewed.

Most riders in contracts are canned riders with placeholders for slight variability between them, but legal contracts use the same boilerplate legalese specifically because their job is to ensure compliance, and compliance requires uniformity. These contracts could be generated with a fraction of the number of people, and no legal firm is going to keep dead weight on staff once a large enough corpus of contract fragments has been made available for use in smart contracts.

I can tell I've triggered you. Maybe you are a professional leach after all.

>> No.6409483

>>6409443
If you are too dumb to understand why one "big" oracle can't take over the network you aren't worth spoonfeeding. Read the whitepaper.

>> No.6409485

>>6409461
yeah google doesn't have a monopoly on any information or anything

>> No.6409487

>>6409445
>>6409435
Why do you fucking retards think I ever argued against chainlink?

>> No.6409490

>>6409443
your stupid question is basically "how does it work" well you find that out by reading the white paper, faggot. we're not gonna spoon feed everything to you anymore. those days are over.

>> No.6409537

>>6409463
I think Factom will replace Docusign.

>> No.6409566

>>6409463
>first paragraph
Exists without blockchain, the only difference being new variables which could be solved by so, which has nothing to do with blockchain

>second paragraph
Already exists

You have no idea how the legal profession actually functions on the ground apparently

>> No.6409574
File: 979 KB, 1242x2208, A9754CC3-C0AE-4742-B11F-0FDD5BE44857.png [View same] [iqdb] [saucenao] [google]
6409574

>>6409147
It’s true. Check smart contract’s website for yourself.

>> No.6409586

You need to buy EGAS and hold it long term, it has huge potential. 13M Max supply and it costs pennies right now. Great concept and active twitter. mooncoin material.
Take a look@ https://coinmarketcap.com/currencies/ethgas/

>> No.6409609

>>6409566
>so
Ai*

>> No.6409615

>>6409537

Entirely possible, but I think Docusign knows this and will give them all the more reason to hook up with Chainlink. The legal service industry has been cozying up to the Ethereum Enterprise Consortium for a while, and Docusign will integrate their APIs with Chainlink to retain as many clients that are looking at blockchains as possible before a competitor built specifically for blockchains threatens their position.

https://bitcoinmagazine.com/articles/enterprise-ethereum-alliance-expands-legal-industry-working-group/

>> No.6409617

wait links gunna defend terrorists and immigrants?

FUCK THAT IM SELLING, THIS SHITS IOTA TIER

>> No.6409627

>>6409490
>>6409483
PU something really stinks in here. I sure hope there aren't any stinky linkies stinkin' up the place. Oh no! There are! Two stinky linkies! Gross!

>> No.6409646

>>6408244
i passed interviews for companies which were considering smart contracts as a way to rent spaces in multiple skyscrapers, cutting notaries out.
this is in a very major economic pole in europe.

>> No.6409663

>>6409463
Except that lawyers are mandated by law to be involved in certain transaction, you tard.

Unfortunately, you overlook the non logical factors in the entire discussion of disruption and technological unemployment. Lawyers, for the most part, aren't going anywhere. Litigation based upon breach, non performance, and equitable solutions is still a danger that many want to be insured against. Hence, even if you don't /need/ a lawyer, one will always be involved.

I love all of this new groundbreaking tech, because all it means is that less kids go to law school and my job gets that much more easier with increased pay.

t. Baby Attorney

>> No.6409720

>>6409566

These guys do.

https://bitcoinmagazine.com/articles/enterprise-ethereum-alliance-expands-legal-industry-working-group/

Face it, you picked a faggy, soulless industry to work in, and your time as part of society's elite class is coming to an end. Maybe you shouldn't have been such a follower as a kid. You would have seen the end of this industry coming a mile away.

>> No.6409757

>>6406439
i liked your post so much i saved it to use as copypasta. to change the coin name and apply it to wherever relevent /biz/. i encourage others to do the same, it's time shitty shills learned they're tanking our coins with their shit sales pitches

>> No.6409767

>>6409615
I hold Factom and Link. I win regardless.

>> No.6409786

>>6409663

I'm not overlooking shit, just following the bouncing ball. Clearly you missed the EEC announcements in the summer. That's fine though, since I suspect you've just recently entered crypto along with the normies. Enjoy what little time left your industry has doing bitch work for people with actual power.

https://bitcoinmagazine.com/articles/enterprise-ethereum-alliance-expands-legal-industry-working-group/

>> No.6409796

>>6409720
You get dumber by the post

Did you even read that? It says nothing about what you've been claiming

>> No.6409798

>>6409586
Wow that is a nice project you have there with a 2 page whitepaper that is 18 size font double spaced. Just bought 100k.

>> No.6409804

>>6405376
top class shilling btw op this is shilling done right. i actually want to buy this coin now

>> No.6409837

Will 871 LINK get me a moon mansion?

>> No.6409843

>>6409786

EEA*

>> No.6409877

>>6409720
Ok when are we going to have self driving cars handle the majority of freight trucking jobs and when will the majority of the legal profession be done by AI. Please give your time frame and I we will look back to see.

>> No.6409917

>>6409877
How long is a piece of string?

>> No.6409934

>>6409796

> “We are thrilled to see robust interest in blockchain technology by forward-looking law firms and institutions. Lawyers are poised to serve as the catalysts for blockchain technology, and the Legal Working Group will serve as a neutral space to explore blockchain-based legal technology, develop standards for “smart” legal agreements, support emerging enterprise use cases and tackle important policy issues raised by this new impactful technology,” Aaron Wright, Chair of the EEA Legal Industry Working Group, Associate Clinical Professor and Co-Director of the Cardozo Law School’s Blockchain Project, and co-founder of the smart contract project OpenLaw, said in a statement.

It says everything I said.

I hope you aren't actually a lawyer if your reading comprehension is this bad. That's like your one job dude.

>> No.6410017

>>6409877

Self driving trucks will be within 10-15 years tops. We already have pilots running for them.

AI + Blockchains dominating the legal services industry will come faster, because you can chip away pieces of the industry bit by bit until only the most complex legal contracts/cases are left. We already have most of the tools, and we have a lot of the right people working on the problem. Low ranking lawyers like XHo will get BTFO and have to find some new wage cuck job within the next 5-10 years.

>> No.6410107

>>6409934
where does it say anything that amounts to replacing lawyers jobs

i literally said earlier this has applications in the legal field

are you indian? you must be

>> No.6410201

>>6409877
>>6410017
literally delusion that comes from having no experience in the legal field

if this in fact harms the legal field, which i think it will help, then it will be trimming the fat because of inefficiency, not destroying whole sectors

I like how you keep throwing in blockchain when you talk about ai, as if it isn't all ai and has nothing to do with blockchain

someone this stupid shilling a coin isn't a good sign for the coin, you've convinced me

>> No.6410268

>>6410107
What will lawyers do after smart contracts do some of their job? Automation is going to make lawyers less needed and many of them will lose jobs. Idiot.

>> No.6410280
File: 90 KB, 664x348, Screen Shot 2018-01-13 at 9.00.00 PM.png [View same] [iqdb] [saucenao] [google]
6410280

>>6410107

You didn't say anything earlier unless you're a samefag, because that ID has no other posts. Are YOU indian? Usually samefags are indian.

And read between the lines dumbass. Do you think any legal team worth their paycheque cares if they're working on/with tech that will level the legal service industry? Nope. Because while all other legal firms crumble, those who had the foresight to dive into blockchain tech and developing the standards for enterprise smart contracts will be left standing and will have more clients than they've ever had before. These firms are aiming to level the legal industry to snuff out their competition.

I'll trust the judgement of these firms over the low level lawyer who hangs out on /biz/ who's about to get BTFO by my industry. Enjoy it while it lasts anon. Your days are numbered. You won't survive the culling.

>> No.6410413

>>6409663
Your job is literally maintained by a giant state monopoly lol. Discovery is already being totally automated away.

Being an automation engineer I replace you people at firms regularly. Will you still exist in 10 years? Sure, but you will do so in far fewer numbers.

>> No.6410493

>>6410413
>Being an automation engineer
I know a guy doing this and he is always joking that he is going to replace his own job someday. I can't tell if he is joking. How fucked am I if i'm in the pharmaceutical industry?

>> No.6410533

>>6410413

Yup. Also software engineer, and the smarminess of lawyers will just make their demise that much sweeter. These creepy, useless paper pushers have no idea how much of their job we can get computers to do. The entire profession exists as one massive systemic inefficiency... and yet they demand respect as if they've contributed a single thing to society. They haven't. They're professional leaches with no novel thoughts of their own. The worst kinds of people find themselves as lawyers. They deserve what's coming to them.

>> No.6410535

>>6405376
smart contracts will only work if they're mathematically and logically flawless.

Or else you will have issues that like the DAO and Ethereum.

I believe in the future, we will need "programming" attorneys to ensure the code is flawless in its execution before the contract is applied.

>> No.6410581
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6410581

>>6406516
unironically kill yourself

>> No.6410674

>>6410535
>I believe in the future, we will need "programming" attorneys to ensure the code is flawless
Lol no. Factom is already after replacing "programming" attorneys and Quantstamp is the final nail in the coffin.

>> No.6410699

>>6410268
>do some of their job
my argument is that it is barely any of their job and would only eliminate lawyers like a printer or a computer eliminated office employees

>>6410280
i switched computers, i said earlier that it obviously would eliminate the need for escrow and make payment much easier and less perilous

>read between the lines
how about you actually explain how it will destroy the legal field, instead of generic nonsense? it's because you don't actually know

>ill trust the judgement
what judgement? you haven't shown anything except that they are working to incorporate blockchain into the legal industry. you act like they are verifying all of your absolute retard speculations because they're working on blockchain. it doesn't follow

>low level lawyer
lol

I mean, you don't even know what a lawyer does re contracts, so why am I even bothering to argue with you? you're like those people that think peak oil exists, race doesn't exist, or cancer can be "cured" speaking out of pure ignorance

>> No.6410722

>>6410493
We are all pretty much fucked long term.

I have a large disagreement with many in the field in that I think mental jobs will go before the physical ones. The speed at which robotics progresses seems to be a roadblock for replacing physical jobs at the same rate.

>> No.6410742

>>6410493
every field is up for the ai cuckening, this retard just thinks it's around the corner

>> No.6410791

>>6410533
you don't even know what lawyers do with regard to contracts

>> No.6410818

>>6410742
There are some industries that are legitimately around the corner. Transport for instance.

I bet Waymo has it figured out in a decade. Some of the stuff they are doing is scary good. The political implications of all of this scare me

>> No.6410956

>>6410699

> how about you actually explain how it will destroy the legal field, instead of generic nonsense? it's because you don't actually know

because dead weight like yourself can be kicked to the curb as all useless excesses are automated away. its simply capitalism at its finest friend. supply and demand. you're entering an era where there is far too much supply of lawyers, and the demand for real human lawyers is going to drop exponentially. clearly you're not the kind of person who can think long term, which is why you became a lawyer in the first place, but just wait and watch and maybe you'll learn some things for your next profession.


> what judgement? you haven't shown anything except that they are working to incorporate blockchain into the legal industry. you act like they are verifying all of your absolute retard speculations because they're working on blockchain. it doesn't follow

the judgement of firms forward facing enough to set the standards for the future of the industry rather than rinky dink firms like yours who are going to get BTFO and just sit there bitching about it and denying its happening until their pink slip comes. I know nobody likes to learn they've dedicated their life to what amounts to a waste of time, I can understand your frustration. but don't say you weren't warned when you watch the financial services industry see consolidation of control in a way that's never been possible before. This is realpolitik friend. The big firms with the deepest smart contract integrations are going to be the only ones left standing 10 years from now.

>> No.6410986

>>6410791
What kind of lawyer are you? Certain segments of the field are certainly way more prone to being automated away than others.

>> No.6411008

>>6405376
This kills the jew

>> No.6411010

>>6410818
i mean with regard to law

>political implications
this is what I hope to get into in the future

my pet prediction is that democrats pick up on a platform of basic income and anti tech morphing out of current trends with minimum wage and anti capitalism sentiments as a result of not having much to run on. republicans that are free market will of course favor the new tech, and the rest are corrupt and will be funded by tech anyway

>> No.6411022

>>6410956

legal services industry*... getting tired

>> No.6411127

>>6410986
litigation for business
>certain segments are more prone to automation
I don't disagree

>> No.6411132

>>6410986

90% of the industry will become automated within 10-15 years. Given the number of lawyers who've graduated over the past few decades has done nothing but climb, there's going to be a massive fallout once the transition kicks into high gear and there's too many lawyers sitting around twiddling their thumbs. Its already been happening for years, and its only going to accelerate now that we have trustless models for smart contract execution.

>> No.6411173

If you dont get on LINK because your following the normie trends a year from now youll be like fuck I was one of the smart ones who knew about LINK in 2017 and I just ignored it

>> No.6411187

>>6410956
>instead of generic nonsense
>posts generic nonsense

>2nd paragraph
>more generic garbage
really insightful

>> No.6411237

>>6410699
This post >>6410956 sums it up
Read the whitepapers of Factom and Quantstamp and bear in mind that these are first movers in the field and the real automation hasn't even begun yet.

>>6410722
> I think mental jobs will go before the physical ones.
You aren't the first person I heard say this, I know from working in construction as a teenager that shit always goes wrong with manual jobs. I imagine we are pretty far from A machine that can solve problems a below average intelligence construction worker could solve instantly compared to a flaw in a contract which a machine can spot pretty easily.

Have you read any of Hubert Dreyfus's stuff? I like his ideas but am clueless to how well accepted they are by people in the field.

>> No.6411423

>>6411237
that doesn't sum anything up, that just states random speculation

how about you point me to any single point in the entire thread where somebody points on a specific on the ground change that will decimate the whole industry and how it will do so

if you can't how about you just fuck off and kill yourself

its been nothing but generic "lawyers are useless so therefore they'll go" nonsense the whole time

the ironic thing is I also think lawyers are a largely useless profession vulnerable to ai, but none of the baseless nonsense here has any meaning

it's just some pajeet jerking off over his coin he's shilling and covering the thread in shit

>> No.6411590

>>6411423

> how about you just fuck off and kill yourself

funny. that's been my advice to every lawyer I've ever met.

if you can agree most lawyers are useless, then you're being pedantically obtuse dragging your feet the way you are claiming blockchain will in no way reduce the number of necessary legal jobs in a job market that's already been looking toward a down trend for legal grads for years. this is well documented, and if you worked in the industry you'd know that.

you early already know blockchains/smart contracts will level the industry, or you're going to be one of the cucks culled when it does because you demonstrate a clear lack of critical thinking skills, which is going to be required in any lawyer who survives the transition. either way I'll sleep comfily knowing my industry is killing yours and putting sniveling losers like you out of work.

>> No.6411629

>>6411423
k.
I can't simplify it any more than this.

Trustless smartcontracts have eliminated the need for lawyers in one of their main echelons of business, contract law.
Consider what percentage of all lawyers work is contract law. If that percentage of lawyers work was no longer necessary than the same percentage of lawyers are now unnecessary.

>> No.6411635

>>6405376
well played OP.

>just bought another 100k

>> No.6411651

>>6411629

Ya... it scares me that this guy might actually be a lawyer when he can't follow simple logic. Somebody dox this mother fucker to warn his clients they've hired a moron.

>> No.6411740

>You don't have any idea how much this token will be worth once mainnet launches, do you? You think its staying in the single or double digits, don't you?

What do you think the price of LINK should be in 2019?

I'm playing with market cap numbers but I don't see how this is going to $1k per link as many here say

>> No.6411856

>>6411740

It won't see $1k per LINK by 2019, but it will see it by 2021/2022.

Start of 2019 it will be ~$25-50. EOY 2019 it will be $100-250.

>> No.6411863

>>6411590
>still no specifics
just stop

>> No.6411926

>>6411629
no, you and this retard think writing or carrying out contracts is most of all of what lawyers do, today it's basically none of what they do

you just hear "contract law" and think it's literally just making and executing contracts

because you pajeet retards are retards

>> No.6412002

>>6411651
you haven't posted logic, you're the epitome of a dunning kruger moron shilling coins

>> No.6412013

>>6411926

> you're retards

Says the guy who entered a dying industry. kek

Grats on being a gullible, short sighted shmuck doing bitch work for a living. If I ever need legal work and feel generous enough to pay some pleb to do it for me, I'll hire you. Just to remind you me and my industry are making you our bitch.

>> No.6412162

>>6412013
>Still no specifics
also ai is going to replace retarded codemonkeys like you, i don't know why you think you're magically immune

is it that you're stupid? this thread indicates that to be the case
>if I ever need legal work
the roaches they hire to shill coins couldn't afford me little guy

>> No.6412296

>>6408651
I've said this exact thing. Also a lawyer.

>> No.6412320

>>6405376

future without lawyers.

what a dream

>> No.6412366

Lawyers BTFO

>> No.6412392

>>6409286
>I don't get it. How would LINK even verify that Oracles are providing accurate information? It seems way more likely that big oracles would be able to take over the network. I mean wouldn't Google be able to completely destroy this meme token?
>>>6409404 # >
you don't get it.
Multiple nodes verify the same information, if anyone manipulates the data, not only are they not paid, but they also get fined. The whole point here is that it is decentralized and trustless. Google is a centralized entity. You would be putting 100% trust in them not manipulating data. No legal contract would stand on those grounds. But if 10 oracles process a contract, and 1 out of the 10 gives a different result, it is a sure thing the other 9 are accurate. It is all based on an average. Oracles are rated on the amount of Link they hold, their ability to process quickly, and on the # of errors they generate. The link staking part is really to show they are interested in generating profit, and not manipulating data, as they can pony up the Link needed in holding during the bidding portion of the agreement. Everything else is established through time and ultimately determines the node's reputation and potential to earn. So essentially shit tier nodes won't survive.

>> No.6412511

>>6406222
>Mobius is a cash grab who now has paid shills littering up /biz
Such as Link

>> No.6412586

>>6412162

(OP here. had to restart my computer)

I do know code monkies will be replaced. I for one am happy because as a software architect/project manager it just means less austic people for me to manage. Unlike you I don't live like an ostrich, ignoring truths because they're inconvenient. I see the writing on the wall and welcome it with open arms.

You however. Ya... you're not going to make it.

> the roaches they hire to shill coins couldn't afford me little guy

nah I don't get paid to shill coins, I do it out of boredom between building a real estate empire locking down an entire citiy's downtown. your baby money means nothing to me. half the reason I can't stand you leaches is because I've burned so much money paying useless lawyers for real estate contracts that I could hack systems together for in a weekend. you fags charge hundreds of dollars an hour to print out some goddamn paper. and yet you have the audacity to demand respect. you deserve spit in the face for being such a cuck.

>> No.6412977

>>6412586
>ignoring truths
you haven't posted any to be afraid of

>i could make the contract myself
that isn't the point of the lawyer, you retard, the lawyer is in anticipation of something going wrong, and advising their clients of legal rights and potential hazards

>I shill coins out of boredom

>> No.6413137

>>6412977

> I argue on /biz/ because my law firm is going out of business and I have nothing better to do

I understand the contracts themselves aren't the job of the lawyer, its their execution and ensuring all conditions are met and complied with. That is easy to codify into smart contracts. There's no need for a lawyer to be involved in any of it. If you understood what a finite state machine was, and understood that a contract is just a finite state machine, that would be patently obvious to you.

The number of legal jobs killed by real estate contracts being executed as smart contracts alone is going to hit the industry hard. Just keep your head in the sand your corporate arbitration processes won't be far behind.

>> No.6413464

>>6413137
you're literally too stupid to understand that execution of contracts as far as smart contracts are concerned is a fraction of what lawyers do, other forces will be worse

and until we abolish courts or have robot lawyers, my job isn't going anywhere

yours though is probably more easily automated

>> No.6413812

>>6413464

>you're literally too stupid to understand that execution of contracts as far as smart contracts are concerned is a fraction of what lawyers do

Keep telling yourself that. The real problem is you're literally too stupid to understand a fraction of the tech that surrounds you, so you have no way to know how fast its coming to eat you until it happens. I've worked in software for governments, academia, finance, and media, and have friends who work tech in the legal industry. You may have yourself convinced your job is secure, but anyone researching automation trends who understands the technologies that are forcing those trends forward has known for well over a decade the legal service industry will be the first knowledge worker profession to bite the dust because the overwhelming majority of you and your peers are dead weight once systems have been built up enough.

Your job requires a narrow minded approach to thinking about everything, looking for pedantic loopholes and arbitrary distinctions in semantics. My job requires understanding everything about the world I can consume and digest while remaining up to date with an impossibly fast past industry. I assure you you're getting blindsided far sooner than you think.

>> No.6413853

Chain link won't do shit stop eating out your ass dumbo

>> No.6413901

>>6413812
explain how the blockchain could prosecute a criminal case. it's pretty obvious you are completely nontechnical if you think this is possible within 20 years.

>> No.6414012

>>6413812
>your job requires narrow minded thinking
it's literally the opposite, that would be a paralegal dipshit

god help whoever you work for

>> No.6414119

>>6409837
No. Should have bought when it was under twenty cents like everyone else.

>> No.6414166

>>6413901

A criminal case it likely couldn't. See above, I say trial lawyers will still exist.

But that makes up only a small fraction of actual law services. Most are things like real estate, divorces, debt lending and settlement, corporate disputes, mergers and acquisitions, tax law, and other such boring, generic, copypasta paper shuffling types of law. Arbitration/dispute resolution processes can be standardized as smart contracts/contract templates. Executions of handled entirely by smart contracts. And in the event that conflicts emerge and can't be resolved via the smart contract, it could easily prompt a lawyer assigned to the case to step in. However when the majority of your contracts are self-executing, and don't throw conflicts, the number of contracts a single lawyer can manage would rise, and by extension the number of lawyers required would decline.

Its simple math. Other anon fails to demonstrate critical thinking, logic, and debate skills sufficient to be a decent lawyer, so I suspect I've just triggered him because he knows he'll be getting culled when the deluge comes.

>> No.6414217

>>6406180
Every one in Austin? Try half the country..

>> No.6414262

>>6414166
Tax law sure, if the entire companies accounting is tied into a compatible ledger I could see that.

Divorces and corporate disputes? Not a chance in hell buddy.

>> No.6414377

>>6408446
You are a simple man. You realize philosophy plays a large role in the law? ...i don't think humans will stop swinging their dicks about right and wrong anytime soon.

>> No.6414397

>>6412586
10/10

I like this guy, lettin lawyerbro have it

>> No.6414450

>>6414262
What if alot of what entails a marriage can be reformulated to satisfy smart-contractilazation

>> No.6414469
File: 166 KB, 638x903, chainlinkWEF.jpg [View same] [iqdb] [saucenao] [google]
6414469

>> No.6414473

>>6414262

> Divorces and corporate disputes? Not a chance in hell buddy.

If the prenup/corporate contracts were created as smart contracts to begin with, they'd be made with arbitration processes built into them that set the terms for breach of contract. These arbitrations may still escalate up to the assigned lawyer to step in, but there are plenty of cases where the resolution could/would happen within the confines of the smart contract and wouldn't need human intervention to deal with.

Again, I'm not saying ALL lawyers will be gone. But given its been an overly saturated market for decades, and has more recently been looking like job prospects are weakening for law grads, its an industry ripe to get culled by the forces of capitalism in the very near future. Within 10 years, at least half of the legal jobs will be gone. That's being very conservative.

>> No.6414547

>>6414450
wont happen because of the judges, which is what i said several times in the thread

"unconscionable" basically means "i don't like it"

>> No.6414586

>>6414547
smart contracts don't need judges, they just execute

>> No.6414611

>>6414547
ah yes, the (((judges)))

>> No.6414698

>>6414586
>*appeals to court anyway*

>"need"

>> No.6414716

>>6414547

Implying judges have anything to do with most contract disputes. Most disputes are settled out of court and never see a judge. They're resolutions are enforceable in court, but that doesn't mean they end up there.

Current model of law has dumb contracts aided by "smart" people.

Going forward we'll just have smart contracts handling both jobs, and only the edge cases will get bubbled up to human lawyers to deal with. I don't need all law to be automated for my point to stand. Legal jobs are going to decline as the industry is further automated. That's just fact, and only a knuckle dragger would try to argue its not.

>> No.6414731

Lol..... This guy is ignorant. E-discovery companies have tried outsourcing and predictive coding. They still need lawyers to analyze these documents. The market is swamped with e-discovery positions. This idiot thinks that most lawyers are trial lawyers. There is a difference between a litigator and a trial lawyer. A litigator can engage in pre-trial discoveries and motions (and trials), while a trial lawyer specializes in the trial itself. I am SWAMPED with work. I think staring at the screen all day is making this guy bitter.

>> No.6414818

>>6409443
I can spot a link hodler fuding link like a mile away. How many links you have anon? For real

>> No.6414860

>>6414716
see this is why you don't know what you're talking about

99% of interactions that you use lawyers for wouldn't end up in court, that isn't the point of the lawyer

the point of the lawyer you use everytime is for the edge cases you're marginalizing

>legal jobs are going to decline as the industry is further automated
every job is, and I never said this wasn't the case

what I did say, and what you still haven't countered, is that this shitty meme coin or the block chain in general will have a "%50 or more" impact on the legal industry

if you weren't a brainlet you wouldn't be repeated this garbage I've already addressed

>> No.6414881

Law will be the last professions to be automated because it deals with nuance and subtext. When you're looking for a smoking gun in an investigation, reading between the lines is essential. Knowing the colloquialism. These are areas AI has yet to obtain. Your kind will be replicated by Asian and Indian engineers working for pennies on the dollar.

>> No.6415023
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6415023

>>6405649

LINKIES BTFO!!

>> No.6415141

>>6405376

You niggas think you can murder someone and LINK gonna save yo ass?? You still will need a nice and Jewish lawyer

>> No.6415232
File: 83 KB, 1332x1332, wan.png [View same] [iqdb] [saucenao] [google]
6415232

>>6405706
>>6405750
>>6405826
>>6405908
>>6405909
>>6405922
>>6406104
>>6406439
*Cough*

>> No.6415355

>>6414860

Standardized smart contracts will be developed for common contract types, with built in arbitration processes. Data that needs to flow into/out of those smart contracts will be fed through Chianlink nodes setup for those purposes, allowing say a conflict resolution step in a smart contract to trigger a notification to the IRS, or to process payment through a non-blockchain service, or interact with some other third party without the requirement of a lawyer in the process.

To begin, these standardized contracts will be crude and limited in scope. Just like to begin with software development was crude and limited in scope. But given that like open source software, these standardized contract templates will continue to grow in number, slowly more and more of the legal service industry will become codified, and less and less human interaction will be required as most contracts handled by most lawyers follow the defaults toward resolution. You said yourself most lawyers are useless.

Chainlink/smart contracts are just one piece in the puzzle of what will level the industry and won't be solely responsible for the 50% drop in jobs. They are a critical piece to the puzzle though, and one every major player in finance has been researching for years. By 2020 those company's DLT projects will be online, and it won't be long past that before you see more and more corporate law get swallowed by smart contracts.

>> No.6415762

>>6415232
Not the same thing you fucking retard *cough*

>> No.6415946

>>6415355
Processing complex information is the bottleneck, and it has literally nothing to do with blockchain. AI is advancing quickly but what you describe isn't even on the horizon yet. Just admit you don't know anything about technology or law.

>> No.6416584

>>6415946

AI isn't needed for most contracts, especially corporate contracts. Boilerplate legal riders are used with variables for anything specific to that instance of the type of contract. The main difference smart contracts bring to the table is that currently we use dumb contracts to define the rules, and "smart" people to handle contract execution and conflict resolution. With smart contracts, the smart contract defines both the rules, and executes the contract, along with any arbitration steps that emerge as the contract is executed.

AI would be useful for cases that require discovery, or digging for precedents, but those projects have existed for years and are still a ways off before the most current ML tech finds its way into products. Trial lawyers will always be required, and court cases will always require more nuance, but most of day-to-day law for most lawyers is going through the motions and checking off all the boxes they need checked for a contract.

I work in technology and have for years in various industries (gov, academia, finance, media). I've also followed blockchain tech since before BTC reached dollar parity and remember Ethereum when it was just a whitepaper. My job is knowing where tech is taking every industry to stay ahead of it, because I could end up working developing tech automating any industry. I have no interest working in the legal service industry, but I know plenty of developers are working as we speak to eat away at it.