Notices by Hyolobrika (hyolobrika@social.fbxl.net), page 17

Freenet, which is not cryptocurrency but is conceptually similar to Ethereum, also uses WASM (currently just with Rust, which the core program is also written in)

One important task of smart contracts, that has been largely overlooked by traditional EDI, is communicating the semantics of the transaction to the parties involved. There is ample opportunity in smart contracts for “smart fine print”: actions taken by the software hidden from a party to the transaction. For example, grocery store POS machines don’t tell customers whether or not their names are being linked to their purchases in a database. The clerks don’t even know, and they’ve processed thousands of such transactions under their noses. Thus, via hidden action of the software, the customer is giving away information they might consider valuable or confidential, but the contract has been drafted, and transaction has been designed, in such a way as to hide those important parts of that transaction from the customer.

What the everloving fuck is this blatent disregard for honesty?!

From Smart Contracts by Nick Szabo, the guy who originally invented the concept