As an economist, I have always found the terminology used in this paper confusing. The primitive should have been named "payment". A payment in a specified currency, needs, at a minimum, a date, a payee (beneficiary, owner, buyer), an obligant (debtor, seller, counter-party), a payment time, and a payment place to become a contract.
Calling everything a contract confuses me. ... it's probably just me.
Comments
As an economist, I have always found the terminology used in this paper confusing. The primitive should have been named "payment". A payment in a specified currency, needs, at a minimum, a date, a payee (beneficiary, owner, buyer), an obligant (debtor, seller, counter-party), a payment time, and a payment place to become a contract.
Calling everything a contract confuses me. ... it's probably just me.