The peace treaty must be clear, simple, and sustainable. It must be designed to avoid conflict and moral hazard. It must be designed to prevent abuse under the color of law. Any peace treaty that fails in this regard will not last.

"Smart contracts are built upon an assumption of a preexisting agreement over property rights.

It is theoretically possible for a peace treaty to define property rights and contract law by the reliance theory, by the damages theory, or by any other theory of contract. At the end of the day, all that matters is that trust is maintained and people continue to agree to live in peace rather than war. Ultimately this means that all contracts are based upon the enforcement of the promise made in the peace treaty. We use jungle power to enforce the promises made to reach peace. So why limit ourselves to smart contracts (conditional title transfers) in the peace treaty? Because the peace treaty must be clear, simple, and sustainable. It must be designed to avoid conflict and moral hazard. It must be designed to prevent abuse under the color of law. Any peace treaty that fails in this regard will not last. All other theories of contract have logical inconsistencies evidenced by the inability to represent themselves as computer code and enforce themselves as a smart contract. These logical inconsistencies lead to conflict and ultimately to failure of the peace treaty. Conflict transfers power to judges which ultimately undermines true democracy as the judges become the arbiters of who owns what instead of the people.

It is an attempt to present an agreement agreeable to all parties and biased toward none. Smart contracts are the only logically consistent view of property rights I have come across.”

Author: Daniel Larimer

Source: https://moreequalanimals.com/assets/MoreEqualAnimals-1.15.2021.pdf