For many the promise of decentralized applications and DAOs is to be beyond the limitations and rigidity of the existing legal system. There is no question that where DAOs can roam freely, innovation can accelerate. But can the law, courts and regulations be left behind so easily?

Lawyer Stephen Palley joined us to discuss what happens when the new and old worlds collide and how courts will look at what goes on in the land of DAOs and DApps.

Topics covered in this episode:

Whether trust is reduced, removed or just shifted elsewhere in blockchain systems
If creating decentralized applications could create liability risks
Why courts will impose a legal structure if a formal one doesn’t exist
The concept of jurisdiction and how it could affect DAOs
Why one should be careful with saying a DAO provides insurance

Episode links:

How to Sue A DAO
Blockchain Jurisdiction
Smart Contracts and Smart Lawsuits
Blockchain and the First Law of Lawmodynamics
Smart Contracts, Performance and Trust
DAO Insurance Company, Inc
All of Stephen Palley's LinkedIn Posts
EB125 Florian Glatz: Defining a Legal Framework for DAOs
EB132 Stephan Tual: A Universal Sharing Network and a $150m DAO

This episode is hosted by Brian Fabian Crain and Meher Roy. Show notes and listening options: epicenter.tv/135

Stephen Palley: Lawmodynamics – How to Sue a DAO