robsokolo on Nostr: “Smart contracts combine protocols with user interfaces, and promises expressed via ...

“Smart contracts combine protocols with user interfaces, and promises expressed via those interfaces, to formalize and secure relationships over public networks.

This gives us new ways to formalize the digital relationships which are far more functional than their paper-based ancestors.

Without user interfaces the smart contracts are largely invisible, like the electronics in newer car engines.”

— Nick Szabo

https://nakamotoinstitute.org/formalizing-securing-relationships/