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Lawyer here. Perhaps you're making the same mistake that, e.g. whoever made up the term "Smart Contract" did? Contracts -- in REALITY -- do not "define" thing
by jrm4 4y ago
Lawyer here.
Perhaps you're making the same mistake that, e.g. whoever made up the term "Smart Contract" did?
Contracts -- in REALITY -- do not "define" things about the world; that's sort of a programmy way to look at things.
They are, by definition, not the "thing" itself, they are a bunch of words that you can hopefully refer to in the usually unlikely possibility that one of the two parties involved decides, justifiably or not, that something screwy happened and they want to fight about it. "The contract" is in no way necessary for real life things to get done.