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Legally this all seems very esoteric and shaky. Philosophically I wonder about this "the exact code defines the semantics of the DAO" clause because, well, nob
by mbrock 10y ago
Legally this all seems very esoteric and shaky.
Philosophically I wonder about this "the exact code defines the semantics of the DAO" clause because, well, nobody's suggesting to change the code; the fork proposals would just change how the code is interpreted.
Kind of like "this exact Java code defines the terms of the contract" but then a new version of Java makes that code behave differently...
So the clause depends not only on the Solidity code but also on the Ethereum virtual machine's interpretation of that code, and the question now is whether that interpretation is constant or mutable.
And, like, what's even the legal status of the https://daohub.org/explainer.html https://daohub.org/explainer.html document? It has a list of things to which anyone who interacts with "The DAO" supposedly agrees, which seems like a typical groundless EULA and anyone who "invested" could just say "uh, I didn't agree to any of that stuff".
I'm not really making an argument, I just find it bewildering to even imagine how any of this stuff would be interpreted by lawyers.
- jacquesm 10y ago> I just find it bewildering to even imagine how any of this stuff would be interpreted by lawyers. Agreed, and that's essentially what we're seeing here, some kind of rough equivalent between lawywers hacking human language and programmers hacking code. A 'smart' lawyer is equivalent to a hacker, finding a loophole in the law to enforce some novel interpretation of the letter rather than the intent of the law. Trying to do an end-run around a whole bunch of established systems all to end up with re-inventing the exact problems of those systems that you were trying to get away from in the first place, it's kind of funny.