By Dr Craig Wright, as edited and published by his editors on craigwright.net.
In this scenario, Bob decides to publish his ownership of an asset (e.g. his home) onto the Blockchain. Nothing else is done at this stage; it is simply an asset that may then get used in subsequent transactions (such as described in the use of Non-debt Lending).
In this situation, there is no termination date for the contract.
This has a simple state machine model as shown in the diagram below:
[Image: description to follow]
First published on craigwright.net on 6 October 2018. This copy was recovered from the Internet Archive snapshot of 4 December 2023. Republished on BSVSearch with Dr Wright's permission - about this archive.