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From what I understand, it's much worse than any human legal system. Theory and precedent have all been thrown out and everyone is at the mercy of whoever can c
by matthewbauer 10y ago
From what I understand, it's much worse than any human legal system. Theory and precedent have all been thrown out and everyone is at the mercy of whoever can convince 51% of stakeholders. There's no concept of "equal protection" like in a modern legal system.
- zwischenzug 10y agoExactly - what happens when the next freedom fighter/terrorist/Kanye uses Ethereum, and a hysterical majority freeze them out. Where is your open distributed cryptocurrency then? Worse - as far as I can tell - than a properly regulated banking system working under the rule of law.