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Do you see how the name "smart contract" makes no sense? They aren't smart. In fact, they are obviously dumb. They do what the code says. They aren't a contract
by pooper 4y ago
Do you see how the name "smart contract" makes no sense? They aren't smart. In fact, they are obviously dumb. They do what the code says. They aren't a contract in the legal sense. Smart contracts are neither smart, nor contracts.
- halpmeh 4y agoSo we’ve gone from debating the technical merits to debating the name? The name likely comes from options contracts, which are technically contracts but traded like equities. Most options are very simple tuple: (equity, strike price, call / put). The smart in smart contract can mean writing a smarter option contract.
- worik 4y ago> They aren't a contract in the legal sense. I think they can be, I am not a lawyer. But if our "legal contract" is "do what the code says" then the smart contract is a legal contract. Is it not?