📎 Person | Nick Szabo
· Key points: Nick Szabo wrote a short piece introducing smart contracts in 1994, then wrote an article in 1996 exploring their applications in greater depth.
· Why: Nick Szabo often uses vending machines as an analogy for smart contracts: insert a coin, choose a product, and the machine dispenses it according to predefined rules, without a salesperson being present.
· Note: “Smart contract” does not mean “secure.” If a contract has a vulnerability, automatic execution can amplify the losses.
$ETH 2044.52（-0.53%）
#ETH
For reference only. You are responsible for any profits or losses.
· Key points: Nick Szabo wrote a short piece introducing smart contracts in 1994, then wrote an article in 1996 exploring their applications in greater depth.
· Why: Nick Szabo often uses vending machines as an analogy for smart contracts: insert a coin, choose a product, and the machine dispenses it according to predefined rules, without a salesperson being present.
· Note: “Smart contract” does not mean “secure.” If a contract has a vulnerability, automatic execution can amplify the losses.
$ETH 2044.52（-0.53%）
#ETH
For reference only. You are responsible for any profits or losses.
