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" Let's try to protect everything that's important to us. "
Nick Szabo
Important
Protect
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" Smart property might be created by embedding smart contracts in physical objects. "
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" It's completely reasonable, even if some Bitcoin currency purists wouldn't like it, to have credit and debit card payments denominated in Bitcoin rather than dollars, and net settled on Bitcoin instead of on Fedwire. "
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" Physical wealth has not necessarily been very secure. "
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" Let's try to secure everything. "
Nick Szabo
Try
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" With original cryptography, you are just trying to secure one narrow thing - say, communications - and you are trying to secure it from a third party. But you can't secure it from the party you are talking to if they forward your email; it doesn't matter how well your email is encrypted. "
Nick Szabo
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" What proplets do is they look to the blockchain to see who owns them; they are kind of like SIM cards today - they know where they are at. "
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" There's a strong distinction to be made between dry code smart contacts and wet code's physical law. So law is based on our minds, our wetware - it's based on analogy. The law is more flexible; software is more rigid. Various laws tend to be batched in jurisdictional silos. Software tends to be independent. "
Nick Szabo
Software
Smart
Minds