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A comment on Ethereum from scratch – Part 1: Ping. Parent comment

Re:Ethereum from scratch – Part 1: Ping by AlwaysBCoding on Thursday July 20, 2017 @10:29PM (#14817660)
A kickstarter clone, that could be implemented in a few lines of code on top of Ethereum..

If there is > 1,000 Ether in this contract address before timestamp x then send the Ether to the project lead, else refund all the users.

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Re:Ethereum from scratch – Part 1: Ping by thomk on Thursday July 20, 2017 @10:46PM (#14817709)
Nice! Thank you. You know there are many different types of contracts, why didn't they just call it 'smart transactions'?
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Re:Ethereum from scratch – Part 1: Ping by fragsworth on Friday July 21, 2017 @12:28PM (#14821776)
Because it's conceptually more like a contract. Someone writes the contract code, and then by uploading and depositing money into the contract it's as if they signed it. After that point it works without anyone needing to trust the signer.

And they can include conditions about arbitrary information that is reported on the blockchain (weather data, stock prices, etc...)

And multiple people can sign these things. They really are like contracts.

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