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      "body": "Congratulations @mindposeidon! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@mindposeidon/birthday3.png</td><td>Happy Birthday! - You are on the Steem blockchain for 3 years!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@mindposeidon) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=mindposeidon)_</sub>\n\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
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      "body": "<html>\n<p><img src=\"https://pixabay.com/get/e83db90f2bfc003ed1584d05fb09439eea75e5d31dac10459cf9c87eae\"/>Daimler Mercedes Benz, Treasurer, Mr. Kurt Schafer * &nbsp;stepped on to the blockchain financial football pitch recently by parallel floating part of a USD 111.4 million Corporate Bond (Schuldschein) using blockchain technology.</p>\n<p>It was a belt and braces move, in as much as the regulators forced the blockchain administered issuance to run along side a standard practice bond floating suite of old school procedures. &nbsp;Very Dry Run indeed. but I guess that's to be expected given the size involved and the white hat reputation of the issuer.</p>\n<p>For the exact lingo check out this article:<a href=\"https://blogs.wsj.com/cfo/2017/07/12/daimler-uses-blockchain-to-issue-bonds/\"> https://blogs.wsj.com/cfo/2017/07/12/daimler-uses-blockchain-to-issue-bonds/</a></p>\n<p>Anyway, Herr Schafer raised several concerns in the article that need resolving: (1) \" who bears responsibility for potentially faulty program code?\"; (2) \"Are smart contracts an automated execution of a conventional contract?\" and (3) \"Is the paper form still indispensable for contracts?\"</p>\n<p>Taking Q 3 first, it is hard to believe that paper trumps digital in this day and age isn't it? Is this why lawyers are still killing trees by the oil tanker load and buying stock in Weyerhaeuser? There is just no justification for this antediluvian, atavistic, retrogressive behavior. Are we still using quill pens? &nbsp;When Elon Musk's team lands on Mars will they be writing letters home by snail mail on A4?</p>\n<p>Seems to me, one of few remaining legit reasons to have a United Nations meeting in NYC is to cut through the clog in the drain pipe of the digital age by agreeing on a new non paper digitized mobile phone compliant standard that recognizes and embalm contracts in every jurisdiction worldwide sans cellulose.&nbsp;</p>\n<p>Q 1: Who bears responsibility for bad code? Depends on who wrote it. If that can't be determined by an independent code writing umpire than it goes to a new court of code arbitration.</p>\n<p>Q 2: Are smart contracts automated executions of a \"conventional contract\"? &nbsp;This is a Rubik's Cube puzzle. One face of the cube, let's say the blue face is a philosophical conundrum, the yellow face is a natural language to code fidelity symmetry issue, the red face is a legal interpretation by court jurisdiction parochial territory preference model, and the Green face has something to do with whether Code Is Really Law.</p>\n<p>Obviously, something I've said above might be contentious or plain dumb, so let me hasten to add that I am a lawyer nyet and this piece of writing is not legal or financial hand holding ne advise in any way shape or form.&nbsp;</p>\n<p>Let's get these 3 questions vetted and answered forthwith so we can speed up the corporate &nbsp;block chain adoption curve and move beyond the belt and braces (suspenders) stage to where issuance, preparation, marketing and implementation score real cost savings goals!&nbsp;</p>\n<p>* Umlaut omitted&nbsp;</p>\n<p><br></p>\n</html>",
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      "body": "I agree, it would probably be doable for a platform like Open Bazaar.  It would be great if it was possible to take it completely out of the cryptocurrency world and into regular stores though. \n\nThat is an encouraging article!",
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      "author": "budgetmarketing",
      "body": "Thank you very much! \nI've always been very passionate about Japanese business culture and fascinated by Japan in general. Will surely visit it someday!",
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      "author": "mindposeidon",
      "body": "Makes sense.  A multi item platform like Open Bazaar might be convinced to let the Steemit community  purchase goods on its platform if the right integration between the shopping cart and the crypto exchange is available.\nCome to think of it , isn't just a matter of getting Steem into Bitcoin and then switching to fiat? Guess Shapeshift can't do this because of fiat on the back end.\nAnyway,  here is an encouraging article: https://news.bitcoin.com/japan-bic-camera-starts-accepting-bitcoin/",
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      "author": "enazwahsdarb",
      "body": "I love that idea @mindposeidon! Thanks for your feedback :) I think that'll be a fun topic. I have a few pretty amazing investments right off the bat!",
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      "author": "mindposeidon",
      "body": "Great post! Very detailed and thorough just like the Japanese.  Business card etiquette  hasn't changed much in the 25 years I've been here.",
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      "author": "azfix",
      "body": "These are all very valid points, we need to find a comfortable balance that enhances the experience for both the everyday user along with business related accounts.",
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      "body": "Let's continue the discussion with your recommendations for safe investments that offer competitive  compound interest  yields.",
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      "author": "mindposeidon",
      "body": "While I don't see a disqualifying hurdle in principle for Steemit Business Accounts (SBA) these are my caveats:  (1) overtly commercial  posts are soul destroying (that's why BAT crypto has skyrocketed); (2) if the personal post/commercial post equilibrium is skewed no one will want to read much n Steemit. \nWhat is the right balance ? 75% personal to 25% commercial. Who makes the decisions and who determines what is a commercial business post?t \nIf Steemit is going to add Business Posts then what about non profits too?\nAnother possible problem is the rise of spam affiliate links by SBA accounts. These links would take readers off Steemit  pages raising the probability of the FB squeeze to keep readers on the platform.\nAnother concern is SBAs buying into Whale Steemit Status. Could there be a business tax system set up that redistributed Steem to personal posters?\nSorry, I don't understand the Steemit monetization system so I can't be more specific.",
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      "author": "markrmorrisjr",
      "body": "Bullshit. Stop thinking so limited. I have not one college credit, I have eight kids.",
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      "author": "mindposeidon",
      "body": "Consider this: Few Americans can afford to lead self-determinant lives in today's America. \nSure Tiger Woods,  Lebron  James, Warren Buffet,  Henry Kissinger,  Mark Cuban, Meryl Streep and Oprah Winfrey lead self-determinant lives-of a sort;  as their wealth and prestige insulates them from the daily grind, navigating the traffic at the mall, getting stuck in traffic jams,  coping with flight rage and sleeping in airports etc.\nThe problem is that for many Americans living outside the U.S. wealth & prestige bubble there aren't many independent paths available that do not depend on some sort of government program or hand out. These programs that got woven into the American socio-economic fabric starting with Roosevelt and moving on with the arrival of mega scientific and social engineering projects.\nhttps://fee.org/articles/the-growth-of-government-in-america/\n\nBut your comments harken back to Lincoln's Days and days before that when there was no income tax and every man wanted his rifle, 40 acres and a mule.\n\nThe good thing about the Second World War was we won it. The bad thing was embedding government coercion, planning boards, and centralized lobbying driven financial incentives.\nOutside Forces Shaped this bad karma vortex too.\nThe cost and complexity of the atom bomb made it damn difficult to escape from centralized decision making.\nRecall, The Tennessee Valley Authority had a lot of centralized government decision making driving  in it and nobody complained in 1933.\nMore than that, the type of person who would fit in to this new social model was more often  than not an organization man  not a mountain man.\n\nWe do have a few mountain men left, but most of them live in red states,  are partial to the survival niche or are snipers in the U.S. Army.\n\nThe organization man herd mentality still rules in big government as is illustrated by the fact that the lions share  of executive positions in think tanks, big pharma,  law firms, non profits and corporations is populated by Harvard grads plus the trailing Ivys. \nThey may be the brightest, but for sure they are not always the best.\nIt was not always this way.\n  Procedures & tax codes are too ingrained, the psychic rewards are skewed and the U.S.  has lost a lot of its mojo\n\nFootnote\n1. I guess M.I.T has enough endowment to survive for two years, so why don't they try weaning themselves off of Federal Grants, DARPA and other sinecures?\n2. Why not just  embargo Harvard and LSE grads from government service and see what happens?",
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