Author here. I'm "smug" in the sense that I've made all of the mistakes of the DAO folks and many more beside. One of them was optimistically assuming that many

Author here. I'm "smug" in the sense that I've made all of the mistakes of the DAO folks and many more beside. One of them was optimistically assuming that many more things could be done in an extralegal context than actually turned out to be feasible. See for example this "smug" post that I was (correctly) critiqued for 868 days ago: https://news.ycombinator.com/item?id=7155644 https://news.ycombinator.com/item?id=7155644 Note the comment here re: "this guy does not understand how the world actually works": https://news.ycombinator.com/item?id=7155872 https://news.ycombinator.com/item?id=7155872 With the updated forced learning curve on the legal system actually works over the last two years I've learn that a lot o what I previously viewed as cruft in the legal system is actually the complex adjudication of edge cases similar to what we see in well architected and executed software tests. Missed div by zero can bring your whole system down. Forgetting the right clause in a contract can in a multi-million dollar deal as well.