Your contention is 'international law governs blockchain'? How is copyright law relevant? How is jurisdiction choice relevant? None of it is international law. Congratulations, you've just demonstrated that you know nothing about: 1. Law 2. International law 3. How laws work
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the name is irrelevant. A contract = offer+acceptance+intention to be legally bound in most jurisdictions out there. If these 3 conditions are met, anything is a contract, you can even call it mana. (Also the game theory part coexists with the law, doesn’t replace/remove it)
Since lawyers think in analogy you should also become familiar with its cousin metaphor. Smart Ks aren't trying to create legal binding, they are doing by other means important functions formerly done by trad contracts (e.g. controlling assets and incentivizing performance).
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the trick then is to convince folks to use them that way... the big push from a marketing perspective has been to use them as a substitute for fully fleshed out, binding contracts.
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The function approach is a great idea. Then I guess it depends on what the sc is written for. So maybe for some sc’s, the legal label should be that of a juridical act: eg. transferring value is a juridical act whose consequence is modifying patrimonies (eg donation).
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@NickSzabo4 it should be you who debates@NourielThanks. Twitter will use this to make your timeline better. UndoUndo
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