/biz/ - Business & Finance

[Anonymous No.10841466]

LAW STUDENTS BTFO

https://hackernoon.com/can-smart-contracts-replace-lawyers-604ae27693e8

[Anonymous No.10841506]

Hahaha is this what you clueless fucking morons really believe? Fuck man every single one of you is the dumbest thing on earth.

[Anonymous No.10841517]

>>10841506
t.

[Anonymous No.10841537]

>>10841506

[Anonymous No.10841549]

Pls sirs, buy my smart contract services. I am work with best smart contract development company in india. We also provide sirs seo and marketing svcz.

Pls sirs.

Will not shit in st anymore

[Anonymous No.10841572]

Wouldn't it need oracles to see if the person actually committed the crime

[Anonymous No.10841584]

>>10841572

[Anonymous No.10841586]

>>10841506

We can potentially replace at least 50% of all jobs with basically a bash script and a robot arm. Sorry lawyers, there'll still be some jobs, but contract law, discovery etc is all getting automated. So are most other white collar jobs, accounting is taking a beating already. Should have gotten into welding, it'll be years or decades before skill trades are replaced by robots.

[Anonymous No.10841599]

>>10841572
yeah and if only they could be decentral-

[Anonymous No.10841642]

>>10841506
A lot of what lawyers do is essentially just paper work. Theyre one of the fields with the highest chance of being automated in the coming decades. Im not saying lawfags will be completely obsolete, but youre gonna be seeing a lot less of them in the future.

[Anonymous No.10841657]

Linkies and their delusions are the funniest meme this board has produced.

[Anonymous No.10841676]

lawyers are the scum of the earth- human parasites

[Anonymous No.10841705]

>>10841676
Agreed.

t. lawyer

[Anonymous No.10841754]

>>10841676
Parasitical Jews

[Anonymous No.10841866]

I'm a lawyer and this is what's gonna happen :
>person A : let's make a smart contract so we can get rid of those fucking lawyers
>person B : you're right, they're morons, we don't need them !
>fast forward 1 week
>smart contract does its thing
>person A : wait, i didn't expect the contract to do that
>person B : well, the code was open
>person A : give me back my money
>person B : no
>person A : I'll call my lawyer, you scammed me with an unclear code
>person B : I'll call mine so I can btfo you in court
>lawyers get even more money

[Anonymous No.10841888]

>>10841866
but this will only happen 10% of the time. That meanS 90% BTFO

[Anonymous No.10841890]

>>10841866
But in order to do that you need lawyers who know how to code

This is why I'm going for an MS in CS even after my JD

[Anonymous No.10841893]

>>10841866
The Blockchain is a court. It won’t make it past the front lawn.

[Anonymous No.10841908]

>>10841676
Yup. I just graduated law school and law school students are generally the kids that:

1. Weren't good at anything else in life
2. Have terrible attitudes about everything
3. Generally don't have a moral compass in regards to their decisions (I was even at a Catholic law school, the law ethics courses were always a laugh)

Throw all of that together with a "type A" personality (aka false bravado) and you get a lawyer. Lots of snakes. Obviously not all lawyers are like this.

[Anonymous No.10841934]

>>10841888
It will litterally happen ALL the time. You think businesses don't try to fuck themselves through contract dispositions all the time ? With 0 and 1's, it will be even easier than with actual words.
Also, most of them will hire lawyers to do due diligence checks on contrats they can't even understand themselves.

>>10841890
True, lawyers who know how to code will get a shitton of money from this. Still, it won't be necessary, as legal systems are very rarely specialized (judges, for example, have a word regarding nuclear contamination damage... are they nuclear scientists ?).

>>10841893
If you believe that, you truly misunderstand what law is and how it works

[Anonymous No.10841951]

>>10841934
>are they nuclear scientists
No but the lawyers explaining the nuclear physics to the judges are probably patent barred PhDs

[Anonymous No.10841990]

>>10841893
>does not know what the DAO was

[Anonymous No.10842016]

>>10841951
They're not, they just twist the words of the experts so that the judges gets convinced by his interpretation of the numbers and their correlation with the prejudice of his client.

Law is fundamentally human and so it is a game inside human cognitive and emotional limitations. Smart contracts will never replace lawyers just like ordinary contracts (which people do believe are unbreakable and clear) did not.

Lawyers come into play when someone gets fucked by a contract, smart or not, and wants to get out of it. Saying smart contracts will replace lawyers is saying nobody will get fucked by smart contracts, which is wrong

[Anonymous No.10842036]

>>10842016
>Saying smart contracts will replace lawyers is saying nobody will get fucked by smart contracts, which is wrong
I agree with you here I'm only saying that it will increase the technical requirements of being a lawyer

[Anonymous No.10842050]

This timeline is even stranger than the Trump one

[Anonymous No.10842073]

I went to law school graduated this past May.

I also gave a presentation to my city governments revenue department on blockchain and smart contracts 10 days ago and they're now looking to launch a blockchain land title registry pilot with me as an advisor.... so was I really BTFO?

No one in law school knows about this shit, and I do. I'm jumping on the train early and making a career out of all my peers losing their jobs.

[Anonymous No.10842079]

>>10842036
Lawyers who do specialize in smart contrats/coding will indeed have a very small niche and they'll make a lot of money from this. It's more of a bonus from niche specialization than a requirement : ordinary lawyers will still make some money from this.

As a lawyer, I can tell you, most people are just emotional retards who pay me to try to get them out of their shit situation which was a foreseeable consequence of their shit choices, and my job is to try and convince another retard, the judge, who has the final say on the matter for some reason but understands even less that I do the matters he's asked to deal with everyday.

[Anonymous No.10842094]

>the year is 2065
>I am a billionaire (I'm still holding 10 links from my youth) and an old pervert
>currently married to my 74th wife, she just turned 18, like all the previous ones
>I just divorce them and replace them whenever I get bored
>despite this, I have never paid a single cent in alimony
>every measure to protect my financial independence is stipulated in trustless tamperproof automated smart contracts
>divorce is as easy as pushing a button, and lawyers cannot bullshit their way around useless prenups and irrational human courts with arbitrary rulings anymore
Forget about how valuable solving the oracle problem will be... We're actually gonna solve the roastie problem

[Anonymous No.10842119]

>>10842073
>and I do.
Just be careful.

I worked for a BIGLAW firm for about a year. I was the blockchain guy for the firm. Gave presentations and told the partners about the tech and helped them advise rich boomers who wanted to invest.

Then they fired me for lack of hours, told me they don't have enough business for it to be my thing.

Don't let your autism get ahead of you. Respect the fact that people don't understand this yet.

I've been unemployed for over 3 months

[Anonymous No.10842159]

>>10842094
>divorce automation via smart contracts

Kek the future is friendly shiiieeetttt
Marriage would become a game where everyone has a trustlessly automated nuclear code to end it. Imagine this all.

[Anonymous No.10842178]

[Anonymous No.10842182]

>>10841586
This. Automation won’t be exclusive to the legal field. Any form of document processing will go by the wayside. Smart Contracts will never replace litigation and probably not even legal research. There will still be plenty of lawyers, it’s the paralegals and low tier clerks that will be fucked

[Anonymous No.10842197]

>>10842079
I am here to tell you that you are a FUDDING FAGGOT and you will NOT undermine my positive thinking. LINK will be $1000 EOY and you will be BEGGING on the streets for a single stinky linky. Your whole world is about to be flipped upside down. What's that? Fucking CRICKETS from the soon-to-be homeless lawyer. You will be lucky if you even get to scrub my FEET.

NEVER UNDERESTIMATE THE POWER OF POSITIVE THINKING! TOGETHER, WE WILL FORCE THE SINGULARITY AGAINST THE WILL OF THE AMERICAN LAWYER MENACE.

[Anonymous No.10842220]

>>10842197
I'm a lawyer and fuck it, I'm with this guy and his insanity.

On a positive note, if my profession is fucked at least a major tentacle of jewry will have been killed

[Anonymous No.10842250]

>>10842220
There will still be lawyers when LINK reaches the singularity.

I mean think of the massive increased need for executors and estate planning/distribution when all of the nolinkers kill themselves. Link will CREATE jobs for lawyers, not destroy them

[Anonymous No.10842349]

>>10841466
Are you brain damaged? This article was written by a 20 year old kid. None of you have any knowledge about any laws or procedures, and smart contracts won't fix any of that. Legal work is much more complex than simply writing a contract. Please kys

[Anonymous No.10842604]

>>10842349
Nice posttime m8. Although if you read the thread, there’s multiple professed lawyers/J.Ds here (believe what you want but I’ll guarantee you there’s at least one), so there’s definitely some legal knowledge here. Smart contracts will streamline the legal process (discovery, filing, pretty much any sort of document processing) but other aspects of legal work (litigation, legal research and writing, legal theory/critical thinking) are inherently human and will not be replaced by automation/smart contracts

[Anonymous No.10842662]

>>10842119
Yeah I’m not relying on it. I’m starting a federal clerkship tomorrow. While doing this I’m going to look for where I can branch out and use my knowledge, I luckily will have time to start looking for my next step during the clerkship while also developing different connections. We’ll see how it goes

[Anonymous No.10842722]

>>10842073
you are going to be insanely fucking rich
dont forget us when its time for the yacht party

[Anonymous No.10842755]

>>10842119
also if you’re on the east coast Pepper Hamilton has a strong interest in blockchain. Might not hurt to throw out a feeler email to the their blockchain head.

[Anonymous No.10842778]

>>10841506

kek. smells like a coping lawyer who hasn't realized their whole industry is about to get raped

enjoy standing in line for food stamps faggot

[Anonymous No.10842846]

>>10842755
Pretty neat. If you don’t mind me asking how did you learn about blockchain in the legal system? I’ve dicked around one Westlaw and read some Law Review articles as a hobby, but not so much that I would feel comfortable actually explaining it to others. Did you take one of the bitcoin CLEs or a class or something? Or are there any good articles on Westlaw/Lexis you’d suggest?

[Anonymous No.10842963]

Lawyer here. EU based.

I'm not fearing blockchain downsizing my work. Generally there is already a lot of work going around and blockchain can help streamline it. As for smartcontracts as such, a major part of a contract lawyer's work is actually advising the clients on how the contract should be formulated. Furthermore when something goes wrong you should interpret the contract for the client and later on negotiate, mediate and/or litigate. None of those aspects are profoundly touched upon by smartcontracts. What is touched upon is execution of the contract but that is just a small part of the whole work around it. Bottom line is, the clients need the legal knowledge surrounding contracts and that is something smartcontracts and blockchain cannot really replace.

What I am afraid of is AI. When it reaches a point that it can easily provide previously mentioned advice to the clients, then we as a profession are in trouble.

[Anonymous No.10843002]

>>10841506
>literally the field blockchain will obsolete faster
At least the smart ones are starting to advertise themselves as "blockchain expert lawfirm" to have a chance. At some point you will realize your uncle Ezra values more his shekels than your inbred nephew ass.

[Anonymous No.10843005]

So who writes the code if the parties do not have the know-how?

[Anonymous No.10843031]

>>10842963
If AI starts giving clients competent legal advice then we as a civilization would be fucked.

[Anonymous No.10843056]

>>10841466
theres one of these threads every day

what you fucking retards don't seem to understand is that the input is where the legalese is needed and will be unchanged

actual execution and routine contract formation aren't what you use lawyers for dumbfucks and it won't look much different from now, just more efficient

[Anonymous No.10843075]

>>10842604
>discovery and filing would be streamlined
every time I ask how I never get a legitimate answer

[Anonymous No.10843076]

>>10843005
I’d imagine that legal firms (or the legal field in general) would have a company create a program that would be easy enough to use so that you wouldn’t have to have coding knowledge to create the contracts.

Sort of how using the internet and shit was only for those who were technically proficient at first, but now you can use something like Microsoft Word without having the slightest clue about the code behind it.

[Anonymous No.10843157]

>>10843075
Discovery and processing is seriously years behind what you’d expect. Documents still have to be stamped, signed and filed, and most of these documents are still kept in hard copies in boxes. Same with discovery. There’s a lot of procedural red tape for almost everything, and the system can be very slow and inefficient. If we switch to a smart contract system it basically takes out the need for having to run to three different offices for a signature, run back to the clerks office to file it and send notice to the other parties, and then send you the information youve requested.


Someone linked this in the other Law thread. You should take a look at it

https://medium.com/@markoblad/contract-as-code-8cf74e6a5701

[Anonymous No.10843294]

>>10843157
the red tape exists for a reason, it's like people think lawyers are holding back for old times sake

it's because the courts and judges are cunts along with the laws, not because they're tech dinosaurs

[Anonymous No.10843526]

>>10843294
I agree that the red tape is there for a reason, but there’s a lot of inefficiencies and the legal system typically lags behind most other systems in terms of innovation/adoption.

Also, yeah dude judges and courts are tech dinosaurs. Not all of them obviously, but enough. I’ve literally had to teach a judge how to copy and paste. I know it’s anecdotal, but there’s still a lotttt or room for improvement

[Anonymous No.10844540]

>>10841466
cant wait for lawyers to sue whoever puts this into action.