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The risks and benefits of chargebacks, the nature of the trade-off between contract enforcement & ensuring privacy, the elements of splitting contractual elements (the ripped dollar bill) to minimize trust, pseudonymous credit ratings, and so much more in our completion of Szabo's essay, \u201cFormalizing and Securing Relationships on Public Networks.\u201d More amazing foresight into the problems of smart contract design, detailed more than a decade before Bitcoin even existed.\n\nLink to the Nakamoto Institute for hosting this incredible work:\nnakamotoinstitute.org/formalizing-securing-relationships/\xa0\n\n--- \n\nSend in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message