Part 1 — Introduction to Smart (legal?) Contracts

contract Option {   strikePrice = $50
holder = Alice
seller = Bob
asset = 100 shares of Acme Inc.
expiryDate = June 1st, 2016
function exercise ( ) {

If Message Sender = holder, and
If Current Date < expiryDate, then
holder send($5,000) to seller, and
seller send(asset) to holder
}
}

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Josh Stark

Josh Stark

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