Why the 3rd World First?
markm 01/05/20 17:57:53
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<p align=left><a href="JavaScript:parent.NavigateAbs(0)">The Pencil, the Brick, and the Law</a></p>
<p align=left><a href="JavaScript:parent.NavigateAbs(1)">Removing the Next Brick</a></p>
<p align=left><a href="JavaScript:parent.NavigateAbs(2)">How Many Bricks in This Picture?</a></p>
-<p align=left><a href="JavaScript:parent.NavigateAbs(3)">What Went Wrong?</a></p>
-<p align=left><a href="JavaScript:parent.NavigateAbs(4)">Low-Trust Societies</a></p>
-<p align=left><a href="JavaScript:parent.NavigateAbs(5)">Hubs of High Trust</a></p>
-<p align=left><a href="JavaScript:parent.NavigateAbs(6)">Low-Trust Tragedy Not no trust. No trust <i>hubs</i>.</a></p>
-<p align=left><a href="JavaScript:parent.NavigateAbs(7)">Hubs: Trusted Intermediaries</a></p>
-<p align=left><a href="JavaScript:parent.NavigateAbs(8)">Bits Without Borders</a></p>
-<p align=left><a href="JavaScript:parent.NavigateAbs(9)">Remote Trust Bootstrapping</a></p>
-<p align=left><a href="JavaScript:parent.NavigateAbs(10)">Smart Contracts</a></p>
-<p align=left><a href="JavaScript:parent.NavigateAbs(11)">Contracts as <i>Games</i></a></p>
-<p align=left><a href="JavaScript:parent.NavigateAbs(12)">A Simple Exchange Game</a></p>
-<p align=left><a href="JavaScript:parent.NavigateAbs(13)">Separation of Duties</a></p>
-<p align=left><a href="JavaScript:parent.NavigateAbs(14)">World Isn’t Purely Electronic</a></p>
-<p align=left><a href="JavaScript:parent.NavigateAbs(15)">A Covered Call Option</a></p>
-<p align=left><a href="JavaScript:parent.NavigateAbs(16)">Contracts -> Virtual Property</a></p>
-<p align=left><a href="JavaScript:parent.NavigateAbs(17)">The Game Design Game</a></p>
-<p align=left><a href="JavaScript:parent.NavigateAbs(18)">Local Knowledge <i>vs</i> Global Transferability</a></p>
-<p align=left><a href="JavaScript:parent.NavigateAbs(19)">Why the 3rd World First?</a></p>
-<p align=left><a href="JavaScript:parent.NavigateAbs(20)">“Rule of Law & Not of Men”</a></p>
+<p align=left><a href="JavaScript:parent.NavigateAbs(3)">Next Bricks Past: Free Speech</a></p>
+<p align=left><a href="JavaScript:parent.NavigateAbs(4)">What Went Wrong in the 3rd & former communist worlds?</a></p>
+<p align=left><a href="JavaScript:parent.NavigateAbs(5)">Low-Trust Societies</a></p>
+<p align=left><a href="JavaScript:parent.NavigateAbs(6)">Hubs of High Trust</a></p>
+<p align=left><a href="JavaScript:parent.NavigateAbs(7)">Low-Trust Tragedy Not no trust. No trust <i>hubs</i>.</a></p>
+<p align=left><a href="JavaScript:parent.NavigateAbs(8)">Hubs: Trusted Intermediaries</a></p>
+<p align=left><a href="JavaScript:parent.NavigateAbs(9)">Bits Without Borders</a></p>
+<p align=left><a href="JavaScript:parent.NavigateAbs(10)">Remote Trust Bootstrapping</a></p>
+<p align=left><a href="JavaScript:parent.NavigateAbs(11)">Smart Contracts</a></p>
+<p align=left><a href="JavaScript:parent.NavigateAbs(12)">Contracts as <i>Games</i></a></p>
+<p align=left><a href="JavaScript:parent.NavigateAbs(13)">A Simple Exchange Game</a></p>
+<p align=left><a href="JavaScript:parent.NavigateAbs(14)">Separation of Duties</a></p>
+<p align=left><a href="JavaScript:parent.NavigateAbs(15)">World Isn’t Purely Electronic</a></p>
+<p align=left><a href="JavaScript:parent.NavigateAbs(16)">A Covered Call Option</a></p>
+<p align=left><a href="JavaScript:parent.NavigateAbs(17)">Contracts -> Virtual Property</a></p>
+<p align=left><a href="JavaScript:parent.NavigateAbs(18)">The Game Design Game</a></p>
+<p align=left><a href="JavaScript:parent.NavigateAbs(19)">Local Knowledge <i>vs</i> Global Transferability</a></p>
+<p align=left><a href="JavaScript:parent.NavigateAbs(20)">Remaining Next Bricks?</a></p>
+<p align=left><a href="JavaScript:parent.NavigateAbs(21)">Why the 3rd World First?</a></p>
+<p align=left><a href="JavaScript:parent.NavigateAbs(22)">“Rule of Law & Not of Men”</a></p>
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</p>
<p align=left><a href="JavaScript:parent.NavigateAbs(1)">Removing the Next Brick</a><br></p>
<p align=left><a href="JavaScript:parent.NavigateAbs(2)">How Many Bricks in This Picture?</a><br></p>
-<p align=left><a href="JavaScript:parent.NavigateAbs(3)">What Went Wrong?</a><br><ul><li>End of communism
+<p align=left><a href="JavaScript:parent.NavigateAbs(3)">Next Bricks Past: Free Speech</a><br><ul><ul><li>From legal <i>right</i> to technological <i>fact</i>
+<li>Jurisdiction-free universal “law”
+<li>Has costs: Destruction of copyright
+<ul><li>despite universal support of jurisdictional law
+</ul><li>No one can negotiate compromises
+<li>Inherently coercionless (J.S. Mill)
+<li>Vast amplification of extended <i>orientation</i>
+</ul></ul></p>
+<p align=left><a href="JavaScript:parent.NavigateAbs(4)">What Went Wrong in the 3rd & former communist worlds?</a><br><ul><li>End of communism, desire for capitalism
<ul><li>Great liberation from oppression
<li>New leaders included many free market folk
<ul><li>Vaclav Klaus, Miseans in the Baltics, Poland, etc.
-</ul><li>Soros, others, eager to help
+</ul><li>$9.3 trillion in “extra-legal” assets
+<li>Soros, others, eager to help
</ul><li>“<i>It is easy to turn an aquarium into fish soup, but not so easy to turn fish soup back into an aquarium.</i>”
<li> –Lech Walesa
</ul></p>
-<p align=left><a href="JavaScript:parent.NavigateAbs(4)">Low-Trust Societies</a><br><ul><li>From Fukuyama, de Soto, E. Dyson
+<p align=left><a href="JavaScript:parent.NavigateAbs(5)">Low-Trust Societies</a><br><ul><li>From Fukuyama, de Soto, E. Dyson
<ul><li>Absence of oppression isn’t enough
<li>Complex extended cooperation requires trust
-</ul><li>Besides culture, what?
+<ul></ul></ul></ul><li>Besides culture, what?
<ul><li>Accumulated “capital” of widely trusted intermediary institutions
<li>Secures property, relationships, & contracts
-</ul></ul></p>
-<p align=left><a href="JavaScript:parent.NavigateAbs(5)">Hubs of High Trust</a><br></p>
-<p align=left><a href="JavaScript:parent.NavigateAbs(6)">Low-Trust Tragedy Not no trust. No trust <i>hubs</i>.</a><br></p>
-<p align=left><a href="JavaScript:parent.NavigateAbs(7)">Hubs: Trusted Intermediaries</a><br><ul><li>Title, Insurance, Escrow, Exchanges,
+</ul></ul></ul></p>
+<p align=left><a href="JavaScript:parent.NavigateAbs(6)">Hubs of High Trust</a><br></p>
+<p align=left><a href="JavaScript:parent.NavigateAbs(7)">Low-Trust Tragedy Not no trust. No trust <i>hubs</i>.</a><br></p>
+<p align=left><a href="JavaScript:parent.NavigateAbs(8)">Hubs: Trusted Intermediaries</a><br><ul><li>Title, Insurance, Escrow, Exchanges,
<li>Arbitrators, Banks, Notaries, Visa,
<li>Underwriters, Lloyd’s, Brokers, Funds,
<li>Consumer Reports, Roger Ebert, …,
<li>Courts, Law, Enforcement, Money
<ul><li>not great, but much better than their absence
</ul></ul></p>
-<p align=left><a href="JavaScript:parent.NavigateAbs(8)">Bits Without Borders</a><br><ul><li>Can now purchase e-goods & e-services
+<p align=left><a href="JavaScript:parent.NavigateAbs(9)">Bits Without Borders</a><br><ul><li>Can now purchase e-goods & e-services
<ul><li>from across the world as easily as next door.
<li>Escape old limits of geography & jurisdiction.
-</ul><li>Can trust-hubs escape too?
+</ul></ul><li>Can trust-hubs escape too?
<ul><li>Can they be made purely electronic?
<li>Mostly independent of physical interaction
-</ul><li>Many 1st world hubs are trusted worldwide
+</ul></ul><li>Many 1st world hubs are trusted worldwide
</ul></p>
-<p align=left><a href="JavaScript:parent.NavigateAbs(9)">Remote Trust Bootstrapping</a><br></p>
-<p align=left><a href="JavaScript:parent.NavigateAbs(10)">Smart Contracts</a><br><ul><li>Contract as <i>Program Code</i>
+<p align=left><a href="JavaScript:parent.NavigateAbs(10)">Remote Trust Bootstrapping</a><br></p>
+<p align=left><a href="JavaScript:parent.NavigateAbs(11)">Smart Contracts</a><br><ul><li>Contract as <i>Program Code</i>
<ul><li>Terms enforced by program’s execution
<li>Inescapable arrangement <i>vs.</i> punishment.
-</ul><li>Contract host == trusted escrow & enforcer
+<ul></ul></ul></ul><li>Contract host == trusted escrow & enforcer
<ul><li>Local knowledge of the “<i>People</i>’<i>s Law</i>” provides private law per-contract
-</ul><li>Nick Szabo’s <u><font color=#0000FF>www.best.com/~szabo</u></font>
-<li>Lessig’s “<i>Code ...</i>”
+</ul></ul><li>Nick Szabo’s <u><font color=#0000FF>www.best.com/~szabo</u></font>
+<li>Lessig’s “<i>Code and other Laws of Cyberspace</i>”
<li>Our “<i>Capability-based Financial Instruments</i>” at FC’00
</ul></p>
-<p align=left><a href="JavaScript:parent.NavigateAbs(11)">Contracts as <i>Games</i></a><br><ul><li>Players make moves, but only “legal” ones
+<p align=left><a href="JavaScript:parent.NavigateAbs(12)">Contracts as <i>Games</i></a><br><ul><li>Players make moves, but only “legal” ones
<ul><li>Move changes state of board
<li>Board-state determines move “legality”
-</ul><li>ERights are “pieces” placed on board
+</ul></ul><li>ERights are “pieces” placed on board
<ul><li>Game escrows pieces,
<li>Pieces/ERights released only by play
-</ul></ul></p>
-<p align=left><a href="JavaScript:parent.NavigateAbs(12)">A Simple Exchange Game</a><br></p>
-<p align=left><a href="JavaScript:parent.NavigateAbs(13)">Separation of Duties</a><br></p>
-<p align=left><a href="JavaScript:parent.NavigateAbs(14)">World Isn’t Purely Electronic</a><br></p>
-<p align=left><a href="JavaScript:parent.NavigateAbs(15)">A Covered Call Option</a><br></p>
-<p align=left><a href="JavaScript:parent.NavigateAbs(16)">Contracts -> Virtual Property</a><br></p>
-<p align=left><a href="JavaScript:parent.NavigateAbs(17)">The Game Design Game</a><br><ul><li>Contract Negotiation as <i>Game Design</i>
+</ul></ul></ul></p>
+<p align=left><a href="JavaScript:parent.NavigateAbs(13)">A Simple Exchange Game</a><br></p>
+<p align=left><a href="JavaScript:parent.NavigateAbs(14)">Separation of Duties</a><br></p>
+<p align=left><a href="JavaScript:parent.NavigateAbs(15)">World Isn’t Purely Electronic</a><br><ul><li>Can eTitles establish popular legitimacy?
+</ul></p>
+<p align=left><a href="JavaScript:parent.NavigateAbs(16)">A Covered Call Option</a><br></p>
+<p align=left><a href="JavaScript:parent.NavigateAbs(17)">Contracts -> Virtual Property</a><br></p>
+<p align=left><a href="JavaScript:parent.NavigateAbs(18)">The Game Design Game</a><br><ul><li>Contract Negotiation as <i>Game Design</i>
<li>Framework as the <i>Game of Game Design</i>
-<ul><li>Design rules for game all are willing to play
+<ul><li><i></i>
+</ul><li>Design rules for game all are willing to play
<li>Write “board manager” for that game
<li>Agree on a mutually trusted host
<li>Pay host to run the board manager
<li>Host verifies everyone agreed on same game
-</ul></ul></p>
-<p align=left><a href="JavaScript:parent.NavigateAbs(18)">Local Knowledge <i>vs</i> Global Transferability</a><br><ul><li>Contract Host trusted only
+</ul></ul></ul></p>
+<p align=left><a href="JavaScript:parent.NavigateAbs(19)">Local Knowledge <i>vs</i> Global Transferability</a><br><ul><li>Contract Host trusted only
<ul><li>to execute games faithfully despite lack of prior knowledge
-<li>to create transferable rights to a game seat
-</ul><li>“People’s Law” stays in the people’s hands
+<li>to create transferable title to a game seat
+<ul></ul></ul></ul></ul><li>“People’s Law” stays in the people’s hands
<ul><li>Formalizes de Soto’s “extra-legal” rules, without centralization or Procrustean beds
<li>Homogenization only required for fungibility
-</ul></ul></p>
-<p align=left><a href="JavaScript:parent.NavigateAbs(19)">Why the 3rd World First?</a><br><ul><li>Less burden of installed base
-<ul><li>Like cell-phones in Eastern Europe.
+</ul></ul></ul></p>
+<p align=left><a href="JavaScript:parent.NavigateAbs(20)">Remaining Next Bricks?</a><br><ul><li>Reach of title-transfer-credibility
+<ul><li>Extent of Property (<i>vs</i> Territory)
+<li>Village -> Jurisdiction -> Internet
+<li>Requires credibility rating service or insurance
+</ul></ul><li>Cost of operating "legitimately"
+<ul><li>Crushing Bureaucracy -> Lawyers -> Moore's Law
+</ul></ul><li>(I forgot the 3rd)
+</ul></p>
+<p align=left><a href="JavaScript:parent.NavigateAbs(21)">Why the 3rd World First?</a><br><ul><li>Less burden of installed base
+<ul></ul></ul><li>Like cell-phones in Eastern Europe.
<li>Where <i>legal</i> system isn’t thought <i>legitimate</i>, <i>legitimate</i> businesses need not be <i>legal</i>.
<li>Especially given alternate source of legitimacy.
-</ul></ul></p>
-<p align=left><a href="JavaScript:parent.NavigateAbs(20)">“Rule of Law & Not of Men”</a><br><ul><li>The Classical Liberal ideal
+</ul></ul></ul></p>
+<p align=left><a href="JavaScript:parent.NavigateAbs(22)">“Rule of Law & Not of Men”</a><br><ul><li>The Classical Liberal ideal
<li>A neutral simple framework of rules
<ul><li>enforced impartially & justly
-<li>enabling cooperation without vulnerability
-</ul><li>The old “right of contract”
+<li>enabling <i>cooperation without vulnerability</i>
+</ul></ul><li>The old “right of contract”
<ul><li>Any mutually acceptable arrangement
<li>Law secures it, as a trusted intermediary
-</ul></ul></p>
+</ul></ul></ul></p>
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<p align=left>Slide 19</p>
<p align=left>Slide 20</p>
<p align=left>Slide 21</p>
+<p align=left>Slide 22</p>
+<p align=left>Slide 23</p>
</td>
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<p><strong>Author:</strong> Mark Miller</p>
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+First page Back <a href="text1.htm">Continue</a> <a href="text22.htm">Last page</a> <a href="pencil-brick-law.htm">Summary</a> <a href="siframes.htm">Graphics</a></center><br>
<h1>The Pencil, the Brick, and the Law</h1><p>
<ul></ul><li>Mark S. Miller
<li>CTO, Combex Inc.
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+<a href="text0.htm">First page</a> <a href="text0.htm">Back</a> <a href="text2.htm">Continue</a> <a href="text22.htm">Last page</a> <a href="pencil-brick-law.htm">Summary</a> <a href="siframes.htm">Graphics</a></center><br>
<h1>Removing the Next Brick</h1><p>
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-<h1>Smart Contracts</h1><p>
-<ul><li><h2>Contract as <i>Program Code</i></h2>
-<ul><li>Terms enforced by program’s execution
-<li>Inescapable arrangement <i>vs.</i> punishment.
-</ul><li><h2>Contract host == trusted escrow & enforcer</h2>
-<ul><li>Local knowledge of the “<i>People</i>’<i>s Law</i>” provides private law per-contract
-</ul><li><h2>Nick Szabo’s <u><font color=#0000FF>www.best.com/~szabo</u></font> </h2>
-<li><h2>Lessig’s “<i>Code ...</i>”</h2>
-<li><h2>Our “<i>Capability-based Financial Instruments</i>” at FC’00</h2>
-</ul></body>
+<a href="text0.htm">First page</a> <a href="text9.htm">Back</a> <a href="text11.htm">Continue</a> <a href="text22.htm">Last page</a> <a href="pencil-brick-law.htm">Summary</a> <a href="siframes.htm">Graphics</a></center><br>
+<h1>Remote Trust Bootstrapping</h1><p>
+</body>
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-<h1>Contracts as <i>Games</i></h1><p>
-<ul><li><h2>Players make moves, but only “legal” ones</h2>
-<ul><li>Move changes state of board
-<li>Board-state determines move “legality”
-</ul><li><h2>ERights are “pieces” placed on board</h2>
-<ul><li>Game escrows pieces,
-<li>Pieces/ERights released only by play
-</ul></ul></body>
+<a href="text0.htm">First page</a> <a href="text10.htm">Back</a> <a href="text12.htm">Continue</a> <a href="text22.htm">Last page</a> <a href="pencil-brick-law.htm">Summary</a> <a href="siframes.htm">Graphics</a></center><br>
+<h1>Smart Contracts</h1><p>
+<ul><li><h2>Contract as <i>Program Code</i></h2>
+<ul><li>Terms enforced by program’s execution
+<li>Inescapable arrangement <i>vs.</i> punishment.
+<ul></ul></ul></ul><li><h2>Contract host == trusted escrow & enforcer</h2>
+<ul><li>Local knowledge of the “<i>People</i>’<i>s Law</i>” provides private law per-contract
+</ul></ul><li><h2>Nick Szabo’s <u><font color=#0000FF>www.best.com/~szabo</u></font> </h2>
+<li><h2>Lessig’s “<i>Code and other Laws of Cyberspace</i>”</h2>
+<li><h2>Our “<i>Capability-based Financial Instruments</i>” at FC’00</h2>
+</ul></body>
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-<h1>A Simple Exchange Game</h1><p>
-</body>
+<a href="text0.htm">First page</a> <a href="text11.htm">Back</a> <a href="text13.htm">Continue</a> <a href="text22.htm">Last page</a> <a href="pencil-brick-law.htm">Summary</a> <a href="siframes.htm">Graphics</a></center><br>
+<h1>Contracts as <i>Games</i></h1><p>
+<ul><li><h2>Players make moves, but only “legal” ones</h2>
+<ul><li>Move changes state of board
+<li>Board-state determines move “legality”
+</ul></ul><li><h2>ERights are “pieces” placed on board</h2>
+<ul><li>Game escrows pieces,
+<li>Pieces/ERights released only by play
+</ul></ul></ul></body>
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-<h1>Separation of Duties</h1><p>
+<a href="text0.htm">First page</a> <a href="text12.htm">Back</a> <a href="text14.htm">Continue</a> <a href="text22.htm">Last page</a> <a href="pencil-brick-law.htm">Summary</a> <a href="siframes.htm">Graphics</a></center><br>
+<h1>A Simple Exchange Game</h1><p>
</body>
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-<h1>World Isn’t Purely Electronic</h1><p>
+<a href="text0.htm">First page</a> <a href="text13.htm">Back</a> <a href="text15.htm">Continue</a> <a href="text22.htm">Last page</a> <a href="pencil-brick-law.htm">Summary</a> <a href="siframes.htm">Graphics</a></center><br>
+<h1>Separation of Duties</h1><p>
</body>
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-<h1>A Covered Call Option</h1><p>
-</body>
+<a href="text0.htm">First page</a> <a href="text14.htm">Back</a> <a href="text16.htm">Continue</a> <a href="text22.htm">Last page</a> <a href="pencil-brick-law.htm">Summary</a> <a href="siframes.htm">Graphics</a></center><br>
+<h1>World Isn’t Purely Electronic</h1><p>
+<ul><li><h2>Can eTitles establish popular legitimacy?</h2>
+</ul></body>
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-<h1>Contracts -> Virtual Property</h1><p>
+<a href="text0.htm">First page</a> <a href="text15.htm">Back</a> <a href="text17.htm">Continue</a> <a href="text22.htm">Last page</a> <a href="pencil-brick-law.htm">Summary</a> <a href="siframes.htm">Graphics</a></center><br>
+<h1>A Covered Call Option</h1><p>
</body>
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-<h1>The Game Design Game</h1><p>
-<ul><li><h2>Contract Negotiation as <i>Game Design</i></h2>
-<li><h2>Framework as the <i>Game of Game Design</i></h2>
-<ul><li>Design rules for game all are willing to play
-<li>Write “board manager” for that game
-<li>Agree on a mutually trusted host
-<li>Pay host to run the board manager
-<li>Host verifies everyone agreed on same game
-</ul></ul></body>
+<a href="text0.htm">First page</a> <a href="text16.htm">Back</a> <a href="text18.htm">Continue</a> <a href="text22.htm">Last page</a> <a href="pencil-brick-law.htm">Summary</a> <a href="siframes.htm">Graphics</a></center><br>
+<h1>Contracts -> Virtual Property</h1><p>
+</body>
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-<h1>Local Knowledge <i>vs</i> Global Transferability</h1><p>
-<ul><li><h2>Contract Host trusted only</h2>
-<ul><li>to execute games faithfully despite lack of prior knowledge
-<li>to create transferable rights to a game seat
-</ul><li><h2>“People’s Law” stays in the people’s hands</h2>
-<ul><li>Formalizes de Soto’s “extra-legal” rules, without centralization or Procrustean beds
-<li>Homogenization only required for fungibility
-</ul></ul></body>
+<a href="text0.htm">First page</a> <a href="text17.htm">Back</a> <a href="text19.htm">Continue</a> <a href="text22.htm">Last page</a> <a href="pencil-brick-law.htm">Summary</a> <a href="siframes.htm">Graphics</a></center><br>
+<h1>The Game Design Game</h1><p>
+<ul><li><h2>Contract Negotiation as <i>Game Design</i></h2>
+<li><h2>Framework as the <i>Game of Game Design</i></h2>
+<ul><li><i></i>
+</ul><li>Design rules for game all are willing to play
+<li>Write “board manager” for that game
+<li>Agree on a mutually trusted host
+<li>Pay host to run the board manager
+<li>Host verifies everyone agreed on same game
+</ul></ul></ul></body>
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-<h1>Why the 3rd World First?</h1><p>
-<ul><li><h2>Less burden of installed base</h2>
-<ul><li>Like cell-phones in Eastern Europe.
-<li>Where <i>legal</i> system isn’t thought <i>legitimate</i>, <i>legitimate</i> businesses need not be <i>legal</i>.
-<li>Especially given alternate source of legitimacy.
-</ul></ul></body>
+<a href="text0.htm">First page</a> <a href="text18.htm">Back</a> <a href="text20.htm">Continue</a> <a href="text22.htm">Last page</a> <a href="pencil-brick-law.htm">Summary</a> <a href="siframes.htm">Graphics</a></center><br>
+<h1>Local Knowledge <i>vs</i> Global Transferability</h1><p>
+<ul><li><h2>Contract Host trusted only</h2>
+<ul><li>to execute games faithfully despite lack of prior knowledge
+<li>to create transferable title to a game seat
+<ul></ul></ul></ul></ul><li><h2>“People’s Law” stays in the people’s hands</h2>
+<ul><li>Formalizes de Soto’s “extra-legal” rules, without centralization or Procrustean beds
+<li>Homogenization only required for fungibility
+</ul></ul></ul></body>
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<h1>How Many Bricks in This Picture?</h1><p>
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-<h1>“Rule of Law & Not of Men”</h1><p>
-<ul><li><h2>The Classical Liberal ideal</h2>
-<li><h2>A neutral simple framework of rules</h2>
-<ul><li>enforced impartially & justly
-<li>enabling cooperation without vulnerability
-</ul><li><h2>The old “right of contract”</h2>
-<ul><li>Any mutually acceptable arrangement
-<li>Law secures it, as a trusted intermediary
-</ul></ul></body>
+<a href="text0.htm">First page</a> <a href="text19.htm">Back</a> <a href="text21.htm">Continue</a> <a href="text22.htm">Last page</a> <a href="pencil-brick-law.htm">Summary</a> <a href="siframes.htm">Graphics</a></center><br>
+<h1>Remaining Next Bricks?</h1><p>
+<ul><li><h2>Reach of title-transfer-credibility</h2>
+<ul><li>Extent of Property (<i>vs</i> Territory)
+<li>Village -> Jurisdiction -> Internet
+<li>Requires credibility rating service or insurance
+</ul></ul><li><h2>Cost of operating "legitimately"</h2>
+<ul><li>Crushing Bureaucracy -> Lawyers -> Moore's Law
+</ul></ul><li><h2>(I forgot the 3rd)</h2>
+</ul></body>
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-<h1>What Went Wrong?</h1><p>
-<ul><li><h2>End of communism</h2>
-<ul><li>Great liberation from oppression
-<li>New leaders included many free market folk
-<ul><li>Vaclav Klaus, Miseans in the Baltics, Poland, etc.
-</ul><li>Soros, others, eager to help
-</ul><li><h2>“<i>It is easy to turn an aquarium into fish soup, but not so easy to turn fish soup back into an aquarium.</i>”</h2>
-<li><h2> –Lech Walesa</h2>
-</ul></body>
+<a href="text0.htm">First page</a> <a href="text2.htm">Back</a> <a href="text4.htm">Continue</a> <a href="text22.htm">Last page</a> <a href="pencil-brick-law.htm">Summary</a> <a href="siframes.htm">Graphics</a></center><br>
+<h1>Next Bricks Past: Free Speech</h1><p>
+<ul><ul><li>From legal <i>right</i> to technological <i>fact</i>
+<li>Jurisdiction-free universal “law”
+<li>Has costs: Destruction of copyright
+<ul><li>despite universal support of jurisdictional law
+</ul><li>No one can negotiate compromises
+<li>Inherently coercionless (J.S. Mill)
+<li>Vast amplification of extended <i>orientation</i>
+</ul></ul></body>
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-<h1>Low-Trust Societies</h1><p>
-<ul><li><h2>From Fukuyama, de Soto, E. Dyson</h2>
-<ul><li>Absence of oppression isn’t enough
-<li>Complex extended cooperation requires trust
-</ul><li><h2>Besides culture, what?</h2>
-<ul><li>Accumulated “capital” of widely trusted intermediary institutions
-<li>Secures property, relationships, & contracts
-</ul></ul></body>
+<a href="text0.htm">First page</a> <a href="text3.htm">Back</a> <a href="text5.htm">Continue</a> <a href="text22.htm">Last page</a> <a href="pencil-brick-law.htm">Summary</a> <a href="siframes.htm">Graphics</a></center><br>
+<h1>What Went Wrong in the 3rd & former communist worlds?</h1><p>
+<ul><li><h2>End of communism, desire for capitalism</h2>
+<ul><li>Great liberation from oppression
+<li>New leaders included many free market folk
+<ul><li>Vaclav Klaus, Miseans in the Baltics, Poland, etc.
+</ul><li>$9.3 trillion in “extra-legal” assets
+<li>Soros, others, eager to help
+</ul><li><h2>“<i>It is easy to turn an aquarium into fish soup, but not so easy to turn fish soup back into an aquarium.</i>”</h2>
+<li><h2> –Lech Walesa</h2>
+</ul></body>
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-<h1>Hubs of High Trust</h1><p>
-</body>
+<a href="text0.htm">First page</a> <a href="text4.htm">Back</a> <a href="text6.htm">Continue</a> <a href="text22.htm">Last page</a> <a href="pencil-brick-law.htm">Summary</a> <a href="siframes.htm">Graphics</a></center><br>
+<h1>Low-Trust Societies</h1><p>
+<ul><li><h2>From Fukuyama, de Soto, E. Dyson</h2>
+<ul><li>Absence of oppression isn’t enough
+<li>Complex extended cooperation requires trust
+<ul></ul></ul></ul><li><h2>Besides culture, what?</h2>
+<ul><li>Accumulated “capital” of widely trusted intermediary institutions
+<li>Secures property, relationships, & contracts
+</ul></ul></ul></body>
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-<h1>Low-Trust Tragedy Not no trust. No trust <i>hubs</i>.</h1><p>
+<a href="text0.htm">First page</a> <a href="text5.htm">Back</a> <a href="text7.htm">Continue</a> <a href="text22.htm">Last page</a> <a href="pencil-brick-law.htm">Summary</a> <a href="siframes.htm">Graphics</a></center><br>
+<h1>Hubs of High Trust</h1><p>
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-<h1>Hubs: Trusted Intermediaries</h1><p>
-<ul><li><h2>Title, Insurance, Escrow, Exchanges,</h2>
-<li><h2>Arbitrators, Banks, Notaries, Visa,</h2>
-<li><h2>Underwriters, Lloyd’s, Brokers, Funds,</h2>
-<li><h2>Consumer Reports, Roger Ebert, …,</h2>
-<li><h2>Courts, Law, Enforcement, Money</h2>
-<ul><li>not great, but much better than their absence
-</ul></ul></body>
+<a href="text0.htm">First page</a> <a href="text6.htm">Back</a> <a href="text8.htm">Continue</a> <a href="text22.htm">Last page</a> <a href="pencil-brick-law.htm">Summary</a> <a href="siframes.htm">Graphics</a></center><br>
+<h1>Low-Trust Tragedy Not no trust. No trust <i>hubs</i>.</h1><p>
+</body>
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-<h1>Bits Without Borders</h1><p>
-<ul><li><h2>Can now purchase e-goods & e-services</h2>
-<ul><li>from across the world as easily as next door.
-<li>Escape old limits of geography & jurisdiction.
-</ul><li><h2>Can trust-hubs escape too?</h2>
-<ul><li>Can they be made purely electronic?
-<li>Mostly independent of physical interaction
-</ul><li><h2>Many 1st world hubs are trusted worldwide</h2>
-</ul></body>
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+<h1>Hubs: Trusted Intermediaries</h1><p>
+<ul><li><h2>Title, Insurance, Escrow, Exchanges,</h2>
+<li><h2>Arbitrators, Banks, Notaries, Visa,</h2>
+<li><h2>Underwriters, Lloyd’s, Brokers, Funds,</h2>
+<li><h2>Consumer Reports, Roger Ebert, …,</h2>
+<li><h2>Courts, Law, Enforcement, Money</h2>
+<ul><li>not great, but much better than their absence
+</ul></ul></body>
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-<h1>Remote Trust Bootstrapping</h1><p>
-</body>
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+<h1>Bits Without Borders</h1><p>
+<ul><li><h2>Can now purchase e-goods & e-services</h2>
+<ul><li>from across the world as easily as next door.
+<li>Escape old limits of geography & jurisdiction.
+</ul></ul><li><h2>Can trust-hubs escape too?</h2>
+<ul><li>Can they be made purely electronic?
+<li>Mostly independent of physical interaction
+</ul></ul><li><h2>Many 1st world hubs are trusted worldwide</h2>
+</ul></body>
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Slide 22
Slide 23
Slide 22
First page Back Continue Last page Summary Graphics
Why the 3rd World First?