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Topic: Marriage as a contract in the blockchain. - page 2. (Read 7726 times)

hero member
Activity: 778
Merit: 1002
Don't know of a specific contract you should use, but make sure you create a 2-of-3 multisig transaction, and hire a reputable arbiter to control the 3rd key. Seed the private keys with the text of whatever you choose as your marriage contract, including any assets you wish to provably and explicitly share. Any liquid assets could be bitcoin in the actual address.

This! I like it. Rights to our assets (in this case, "our" bitcoins) is the incentive to abide by the contract. The 2 of 3 give us enforcement. This doesn't need to be on the block chain (I don't think...), but each of our hashed signatures on the contract should be. I do trust her. I trust that she is working in the same direction I am in life, and will generally be a reliable partner and asset. This is a mutually beneficial agreement.

The purpose of the contract is to establish the terms of the agreement. Otherwise, what is hell is a marriage? Why get married? If people had to actually define the roles in a marriage agreement before getting married, you have a lot less ill-conceived marriages, and a lot more lasting agreements.

There are obviously other agreements that need to be spelled out for the state to recognise in situations where it is inevitable. Those are not what this thread is about, but I'll happily take whatever input down for when we sit down together to sort out the rest of the paperwork.
sr. member
Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
and then go speak to a lawyer about the validity of a marriage contract that is not state approved (not on their special paper)
We're not interested in the state's interpretation of the validity of our contract, but I'll be happy to take a look at lifeonbitcoin.com.

Seriously....  you should at least see to it that your marriage is officially recognized by at least one jurisdiction   that  your government and locals will see as somehow valid and official.  Or see a lawyer about other options.

The concern is about various situations where not having an officially recognized marriage can be extremely inconvenient or troublesome.

If you can prove marriage; you have additional legal rights in some situations, such as with kids -- guaranteed right of both parents to act as guardians, pick up kids from school, shared property rights, etc,  or if spouse is temporarily incapacitated or in hospital: without proof of marriage/family relationship, or  legal documents,  there is no authority to direct their care.

The blockchain marriage is a cool idea and all,  but I would advise you to not take unnecessary risks in giving up legal privileges couples with the legally recognized state documentation ordinarily have.


Another issue is that if your marriage is not recognized then you will not be able to reap the tax benefits of marriage
newbie
Activity: 25
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Can I double spend and get two wives?
hero member
Activity: 602
Merit: 500
on the wedding night reception, please have beyonce singing

"if you like it, you should put a blockchain on it.. oh oh oh , a oh oh oh"


Oh my..i'm crying...i'm freakin tear all over. I read your post, stopped, went to youtube, found song, played it, and reread your post...tears just wen on and on, i barely got my breath back from all the laughing.

yeah,this was really funny
hope, OP was not bothered
member
Activity: 93
Merit: 10
and then go speak to a lawyer about the validity of a marriage contract that is not state approved (not on their special paper)
We're not interested in the state's interpretation of the validity of our contract, but I'll be happy to take a look at lifeonbitcoin.com.

Seriously....  you should at least see to it that your marriage is officially recognized by at least one jurisdiction   that  your government and locals will see as somehow valid and official.  Or see a lawyer about other options.

The concern is about various situations where not having an officially recognized marriage can be extremely inconvenient or troublesome.

If you can prove marriage; you have additional legal rights in some situations, such as with kids -- guaranteed right of both parents to act as guardians, pick up kids from school, shared property rights, etc,  or if spouse is temporarily incapacitated or in hospital: without proof of marriage/family relationship, or  legal documents,  there is no authority to direct their care.

The blockchain marriage is a cool idea and all,  but I would advise you to not take unnecessary risks in giving up legal privileges couples with the legally recognized state documentation ordinarily have.
sr. member
Activity: 266
Merit: 250
I've always thought that contacts are for people you don't trust - something that you can hang over their head when they do you wrong. Why would you need a contract with your spouse?

Getting married is forming a contract (a marriage contract)
member
Activity: 175
Merit: 10
Don't know of a specific contract you should use, but make sure you create a 2-of-3 multisig transaction, and hire a reputable arbiter to control the 3rd key. Seed the private keys with the text of whatever you choose as your marriage contract, including any assets you wish to provably and explicitly share. Any liquid assets could be bitcoin in the actual address.
hero member
Activity: 912
Merit: 661
Do due diligence
I like the idea of recording contracts within the/a blockchain. Smart contracts, Next, Etherium: how this will all evolve is equally maybe even a little more interesting than bitcoin as a currency.


Not sure what country you live in CoinDiver (I'm an American).
In America (specifically California) the contract of marriage  comes with certain perks of the license, partnership/agreement...'institution' ;-).

Tax benefits, rights to property/inheritance, not required to testify against each other in court, health insurance, it gives each of you the right/responsibility to make health related decisions for each other and so many other things.

Some of those things can be written into separate contracts (consult with an attorney, health care provider and accountant).\

of course there is one benefit to NOT getting a marriage license and that is... you don't have to get a pain in the a$$ divorce to end the relationship.
legendary
Activity: 1722
Merit: 1000
Satoshi is rolling in his grave. #bitcoin
And in case of forking, does that mean u get divorced ?
Just kidding; but nevertheless, i see this like a tatoo-ing, u dont want to do someting that u can undo Cheesy
legendary
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Leading Crypto Sports Betting & Casino Platform
I've always thought that contacts are for people you don't trust - something that you can hang over their head when they do you wrong. Why would you need a contract with your spouse?

To ensure they are not there to take your money is the first reaction.
Rationale before insanity
That is why people write agreements that say that you keep everything you own before the marriage and split what you acquire after the marriage.
Having a good financial agreement is as important entering into marriage as the love they have for their spouse, since finances tend to be one of the biggest issues a married couple have.
http://www.theglobeandmail.com/globe-investor/personal-finance/household-finances/before-saying-i-do-think-about-drafting-a-marriage-contract/article5463592/
 
“Marriage is a partnership, and like in any other partnership, usually it is important to have some kind of an agreement.”
member
Activity: 145
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I've always thought that contacts are for people you don't trust - something that you can hang over their head when they do you wrong. Why would you need a contract with your spouse?
member
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On the main page this thread shows up as:  in Re: Marriage as a contra...

I thought it was going to be Marriage as a contraceptive.  Guess I'm a little disappointed.
legendary
Activity: 1610
Merit: 1000
Well hello there!
If you have a birth certificate and a Social Security Number, then you haven't removed the State. No marriage license is, however, a start.

Consider a UCC-1 filing. See http://www.abodia.com/ucc/ to begin your education.

If you already have done your UCC-1 financing statement, keep studying so that you don't wind up accidentally opting back in.

Smiley

this.
Sure didn't take long for this link to get suspended!
sr. member
Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
Any contract that you enter into is something that may need to be enforced in the future and you would need to use the state to enforce such contract.

The best way to setup smart contracts on the blockchain would be to set up a trust that holds a particular asset then have the trustee direct the "benefit" of the trust to the holders of the BTC address that contains the outputs linked to the contract.

I won't use the state to enforce a contract. I won't enter in to the contract if my only option is state enforcement. It's not an option.

I hold access to the relatively small amount of BTC we have saved. I have the key, and the wallet files. She knows the key, but does not have physical access to the wallet files directly. A good friend of mine has access to the encrypted wallet files, but does not have access to the key. They could collude to access it, it's not likely at this moment. If it becomes likely, the arrangement would have to change. For now, she is likely to benefit from 100% of the stash. She'd benefit from less than 100% if she were to make some deal to access them. I have no reason not to trust her, but my feelings have no place in my security protocol.

On another note, is there a printing shop takes BTC as a payment? We sent out announcements a couple months ago, but formal invitations need to go out soon.

How would you enforce a contract without the state?

If one party were to default on their side on a contract you could contact them to try to work things out but if you are unable to reach a resolution you would need to involve the courts to get your contract enforced. If you are not willing to do this then the other party has little incentive to honor their part of the bargin.
legendary
Activity: 1611
Merit: 1001
If you have a birth certificate and a Social Security Number, then you haven't removed the State. No marriage license is, however, a start.

Consider a UCC-1 filing. See http://www.abodia.com/ucc/ to begin your education.

If you already have done your UCC-1 financing statement, keep studying so that you don't wind up accidentally opting back in.

Smiley


Curious if you've done this personally to become a secured party creditor?

Also, I think using the blockchain for contracts such as marriage is a really cool idea and is definitely the future.
sr. member
Activity: 434
Merit: 250
it makes perfect sense. if you are getting married, you are basically being chained.. to the block?
legendary
Activity: 826
Merit: 1002
amarha
congrats on your wedding but...
what?? you will put a contract on blockchain? do you think blockchain could last forever as your wedding?
errhhmmm well i dunno bro the thing about the wedding is sacred i dunno maybe its just me but i will never ever do that thing seems that you are not so serious about getting married it will be safe to put all the funds on the bank

But isn't the blockchain probably the one piece of data in the world that is the least likely to be lost right now?
legendary
Activity: 1582
Merit: 1196
Reputation first.
Good Idea.

But I consider it if I have 100 BTC and then it I'll would do it to protect my bitcoin from my wife in case of quarrels or horns  Grin Grin
hero member
Activity: 778
Merit: 1002
Any contract that you enter into is something that may need to be enforced in the future and you would need to use the state to enforce such contract.

The best way to setup smart contracts on the blockchain would be to set up a trust that holds a particular asset then have the trustee direct the "benefit" of the trust to the holders of the BTC address that contains the outputs linked to the contract.

I won't use the state to enforce a contract. I won't enter in to the contract if my only option is state enforcement. It's not an option.

I hold access to the relatively small amount of BTC we have saved. I have the key, and the wallet files. She knows the key, but does not have physical access to the wallet files directly. A good friend of mine has access to the encrypted wallet files, but does not have access to the key. They could collude to access it, it's not likely at this moment. If it becomes likely, the arrangement would have to change. For now, she is likely to benefit from 100% of the stash. She'd benefit from less than 100% if she were to make some deal to access them. I have no reason not to trust her, but my feelings have no place in my security protocol.

On another note, is there a printing shop takes BTC as a payment? We sent out announcements a couple months ago, but formal invitations need to go out soon.
sr. member
Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
Any contract that you enter into is something that may need to be enforced in the future and you would need to use the state to enforce such contract.

The best way to setup smart contracts on the blockchain would be to set up a trust that holds a particular asset then have the trustee direct the "benefit" of the trust to the holders of the BTC address that contains the outputs linked to the contract.
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