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How about 'distributed server-side code'? ...Which is what it is. It doesn't necessarily have anything to do with legal contracts which is what the phrase 'smart contracts' elicits in the layman's mind.
Because that phrase completely misses the point of what most of us using the phrase are trying to accomplish (and sometimes succeeding), and it completely misses the point of why we are using trust-minimized public blockchains instead of good old centralized SQL databases.
Namely, we aren't just running some generic programs. We are running programs that control assets & usually also verify performance, & combing those two functions incentivize performance. Things we previously relied on traditional contracts for.
Traditional contracts relied on a handshake. Back to the future?
Laws of equity still apply..
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