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"... The movement from static to dynamic media promises to bring about a fourth cost revolution in the related areas of jurisdiction, trust, and security. Impacts on business will be felt in law, accounting, auditing, billing, collections, contracts, confidentiality, and so on: in short, the entire nature of our business relationships will be altered in ways only partially foreseeable."\n- Nick Szabo\n\nDiving into another excellent piece from Szabo on establishing and updating how we create, enforce, and control relationships in the world of cyberspace. \xa0Check out the full essay at the Nakamoto Institute:\nhttps://nakamotoinstitute.org/formalizing-securing-relationships/\n\nAnd don't forget to follow Szabo on Twitter:\nhttps://twitter.com/NickSzabo4\n\n--- \n\nSend in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message