RATE Group | Vitalik Buterin: I Quite Regret Adopting the Term ‘Smart Contracts’ for Ethereum
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Vitalik Buterin: I Quite Regret Adopting the Term ‘Smart Contracts’ for Ethereum

14 Oct Vitalik Buterin: I Quite Regret Adopting the Term ‘Smart Contracts’ for Ethereum

Posted at 11:49h in Ethereum News by

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Ethereum cofounder Vitalik Buterin revealed his regret for adopting the popular term ‘smart contracts’ – a term that has become almost synonymous with Ethereum.

Should Crypto Be ‘A-Legal’?

Buterin weighed in on Twitter, October 11, in a discussion on ‘crypto law.’

The Ethereum (ETH) 00 cofounder’s response was triggered by Cryptoecongames, who stated that cryptocurrencies “should have stayed a-legal.”

“We’ve been clear since the start: *crypto* should’ve left “law out of it” & stayed a-legal,” they wrote.

Buterin acquiesced that the term ‘smart contracts’ isn’t “boring” enough to accurately describe its technical aspects and realities.

In April, for example, the state of Tennessee was just one state who officially recognized the legal authority of smart contracts for conducting electronic transactions.

But does the term indeed sound too much like legalese for what are conditions for executing payments written in comper code? Is it actually a…

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