I was about to drop this on the first paragraph, I don't like the arrogance of people stating their ideas as facts and proceeding to explain to you as you haven't figured how the world is, this is a pretty common trait among bitcoiners btw.

Taken out the grandiose language and the pedantic way of expressing his ideas, there are some good things to recover, but when it comes to the interesting parts of it we're just left blank. As I understand he means contracts to be fulfilled voluntarily just to keep your identity (GPG) clean. But this greatly limits the scope of contracts. There is no mention to game theory or the like. As the size of the contract grows, both parties are incentivized not to fulfill their end of it, that's how most rugs occur.

I liked the content of the article as I felt it related to a recent interesting post #1003623