Cryptocontracts Will Turn Law Into a Programming Language

Thought Infection

A couple of weeks ago, I wrote a post with 10 things that amazed me about bitcoin ( here ). I just can’t stop thinking about the idea that I brought up in the final point of that post, specifically that bitcoin could enable the development of self-enforcing contracts.  It is just such a huge game changer  that a program could hold wealth in a way that is inaccessible to anyone, and then distribute said wealth based on defined and agreed mathematical rules.

One example I have been thinking about is that I could create a contract to support this blog, whereby readers could donate their support to the contract but I would only get paid out a certain amount (or perhaps a percentage of the total pool) for every post I make. In this way, donors would be able to give their support but also would have some form…

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Cryptocontracts Will Turn Law Into a Programming Language