The Truth about Smart Contracts

  • Enforcing contracts automatically, trustlessly and impartially
  • Taking out the middle men in contract construction, contract execution and contract enforcement
  • (By implication) Removing lawyers

What is a Smart Contract?

Smart Contracts are Pretty Dumb

Smart Contracts are Really Hard

To be clear, smart contracts existed even before Bitcoin, I just like the cartoon
Image result for smart contract cartoon

Smart Contracts Aren’t Really Contracts (at least on ETH)

Smart Contracts Only Work with Digital Bearer Instruments

Conclusion

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Bitcoin Educator, Developer and Entrepreneur. Book: https://amzn.to/2RSlnTb PGP Fingerprint: C1D7 97BE 7D10 5291 228C D70C FAA6 17E3 2679 E455

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Bitcoin Educator, Developer and Entrepreneur. Book: https://amzn.to/2RSlnTb PGP Fingerprint: C1D7 97BE 7D10 5291 228C D70C FAA6 17E3 2679 E455

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