4 ms·
The 'Terms' section on DAO website states: The terms of The DAO Creation are set forth in the smart contract code existing on the Ethereum blockchain at 0xbb
by sznurek 10y ago
The 'Terms' section on DAO website states:
The terms of The DAO Creation are set forth in the smart contract code existing on the Ethereum blockchain at 0xbb9bc244d798123fde783fcc1c72d3bb8c189413. Nothing in this explanation of terms or in any other document or communication may modify or add any additional obligations or guarantees beyond those set forth in The DAO’s code.
Doesn't it state that, by definition, that DAO contract is bug-free, so it cannot be exploited? This is exactly what separates DAO case from flash-0-day-rootkit case.
- jcfrei 10y agoWell, apparently it isn't.
- 6502nerdface 10y ago> The terms of The DAO Creation are set forth in the smart contract code existing on the Ethereum blockchain at 0xbb9bc244d798123fde783fcc1c72d3bb8c189413. Nothing in this explanation of terms or in any other document or communication may modify or add any additional obligations or guarantees beyond those set forth in The DAO’s code. Nice. So if the community ultimately succeeds in preventing the "attacker" from withdrawing his funds, which he acquired in perfect accordance with the DAO code, which is the entirety of the agreement, could he publicly bring suit for violation of contract?
- Miner49er 10y agoI think he could, but he would be bringing a lawsuit against a decentralized community with no leader. Also, the community still has to accept the fork, if no one does (or very few), he keeps the money. At least that's how it works from my understanding.