Bitcoin is equivalent to running around town to get some piece of paper notarized by a bunch of ledger notaries.
One can easily see, if one was looking, that the digital contract can be expanded and a different set of notaries hired. For example, the contract can be a series of ledger swaps and marks to market such that the notaries enforce a shareholder contract.
Find the direct maps between paper semantics and digital semantics such that escrow networks are simple translations of the equivalent paper system. The minimum set of translations is called the escrow language, looks a lot like JSON.
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