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Michael Kimani @pesa_africa
, 7 tweets, 2 min read Read on Twitter
What is a Smart Contract?
"Vinay worked on starting the smart contract court system called Mattereum, which creates smart contracts with the legal force of natural language contracts. Mattereum is a crypto court that will function as commercial arbitrator in a company dispute. "
"For the future, Vinay thinks there will be a very strong regulation regarding anonymous currencies and the tokenization of new classes of property rights."
"For me, smart contracts are the most useful metaphor we currently have towards a practical commons/commerce union - a form of cooperative autonomous organisation (COAO)."
And for historical reasons these little programs are called “smart contracts.”
"but if you’re very very very clever, you can write a smart contract that basically generates the cards, and takes the payments, and transfers the money to the winner when the game is over."
Crypto 2.0 Musings - Combining Ricardian and Smart Contracts…
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