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
}
}

--

--

Love podcasts or audiobooks? Learn on the go with our new app.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store