Smart contracts are badly named lambda functions. They need the same regulation as any other code, the difference being, the regulation can come in the form of

Smart contracts are badly named lambda functions. They need the same regulation as any other code, the difference being, the regulation can come in the form of more lambda functions. The judiciary could write the latter any time they got the right technical input. The question really is - what’s worth putting in the effort right now? And those answers are coming soon. But we shouldn’t conflate smart contracts with legal contracts in discussions.