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 included:Whether trust is reduced, removed or just shifted elsewhere in blockchain systemsIf creating decentralized applications could create liability risksWhy courts will impose a legal structure if a formal one doesn't existThe concept of jurisdiction and how it could affect DAOsWhy one should be careful with saying a DAO provides insurance Links mentioned in this episode: How to Sue A DAOBlockchain JurisdictionSmart Contracts and Smart LawsuitsBlockchain and the First Law of LawmodynamicsSmart Contracts, Performance and TrustDAO Insurance Company, IncAll of Stephen Palley's LinkedIn PostsEB125 Florian Glatz: Defining a Legal Framework for DAOsEB132 Stephan Tual: A Universal Sharing Network and a $150m DAO Sponsors: Hide.me: Protect your privacy and personal data with a free VPN account at http://Hide.me/epicenter Ledger Nano: Smart card security for your Bitcoins - Get 10% off your first order when you use the code EPICENTER at http://ledgerwallet.com Show notes YouTube SoundCloud Epicenter Bitcoin is hosted by Brian Fabian Crain, S?ƒbastien Couture & Meher Roy.Visit our websiteSubscribe to our newsletterTwitter