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This is actually brilliant and is almost a no lose situation. * Outcome 1: ETH is forked -> ETH value goes to 0, the shorted currency is pure profit minus inte
by cheez 10y ago
This is actually brilliant and is almost a no lose situation.
* Outcome 1: ETH is forked -> ETH value goes to 0, the shorted currency is pure profit minus interest
* Outcome 2: ETH is not forked -> Hacker gets $50 million
These are only the technical outcomes but the only social outcome I can see is a lot of suing going on. My suspicion is that it is unlikely that anyone will succeed in a legal challenge, but I'm not a lawyer.
- curiousgal 10y agoOf course legal challenge won't be fruitful. In the eyes of the law using an exploit on an vulnerability found in a contract will still be interpreted as malicious or even criminal and thus illegal,
- julian_1 10y agoI don't understand your certainty - the point about law is that there is an exception to every rule. Courts enforce contracts that contain unfavorable terms all the time. And malciousness is not a part of contract law. It's true that contracts can be set-aside (though not always) when they have a criminal basis, but it's not at all clear that this is the case here. There was an unequivocal and unilateral offer made to the world in the text - that will be hard to read down as anything other than an intention to contract.