@propelforward@valkenburgh@angela_walch@techreview Yes. & UETA/Bchain laws say if you have all essential elements of a contract, judge cannot deny legal effect/enforceability just bc transaction is in electronic form/recorded on Bchain. I don't see as redundant; just more specific, which is GOOD for biz certainty (& stat. interp)
@valkenburgh@propelforward@angela_walch@techreview Not accurate @valkenburgh - Laws ONLY say judges cannot DENY contracts legal effect/enforceability solely bc it is electronic/transacted on Bchain. Neither UETA nor Bchain laws define transaction as a contract. Critical nuance.
@valkenburgh@propelforward@angela_walch@techreview Is it better than nothing? Without guidance, judges may not enforce self executing transactions on blockchains. Those types of "contracts" do not meet the legal definition of a contract. Biz won't invest with that type of uncertainty. Don't let perfect be the enemy of good?