Yes. But also, as a lawyer, I hate the phrase "smart contract" with the fire of a thousand suns. They are very useful and have important applications -- but they are not smart, nor are they contracts. "Automated blockchain bots" or something is far closer to the truth.
I prefer the term programmatic contract. Contract is somewhat of a misnomer, but conveys the idea that two parties can use it to trade in accordance with some defined terms. I think the 'smart' is an attempt to convey the idea that the application acts like a contract that self-executes. 'Programmatic' might do a better job of conveying that aspect of it too.
