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Smart Contracts
Contract as Program Code
- Terms partially enforced by program’s execution
- Inescapable arrangement vs. punishment.
Contract host == trusted escrow & enforcer
Nick Szabo’s http://szabo.best.vwh.net/
Lessig’s “Code and other Laws of Cyberspace�
Our “Capability-based Financial Instruments� at FC’00,
and “The Digital Path� at Austrian Perspectives on.. 2001.