Great article!

The legal problems listed revolve around the claims in the smart contract area of the blockchain tech.

It is understandable that lawyers do not understand the smart contract functionality, but it is inexcusable for people assumed to be experts and gurus to spin fairy tales of wishful thinking about smart contracts (unacknowledged ideological baggage!).

A ‘smart contract’ is a collection of functions residing on a blockchain which has this functionality built in. A ‘smart contract’ is not self executable and not self running but needs an outside Dapp to run one or another function.

While the feature has been available since around 2016 most of the smart contracts today do very little more other than minting new coins and keeping accounting…