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TimS comments on Are smart contracts AI-complete? - Less Wrong Discussion

11 Post author: Stuart_Armstrong 22 June 2016 02:08PM

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Comment author: TimS 22 June 2016 11:02:29PM 1 point [-]

In some contexts, 'smart contract' is a misnomer: it's just a computer program that resembles a legal contract but does not interact with the government in any way.

Typically speaking, a legal contract does not interact with the government - only a very small percentage of contracts are adjudicated by a court or reviewed by any government body.

In other words, moving around money, tangible objects, services, and intangible rights is a reasonable shorthand for > 80 % of the things the law would call a contract.

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