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The thing i never understand is the people who act like the ability to have "code as law" is new. The reason code hasn't been law since the time of hammurabi is
by DannyBee 9y ago
The thing i never understand is the people who act like the ability to have "code as law" is new.
The reason code hasn't been law since the time of hammurabi isn't because of lack of capability to precisely and logically express conditions, or even executing them reliably.
It's because society didn't want it.
I haven't seen much that says this changed today.
Even today, the reason contracts today haven't been written in symbolic logic and enforced rigidly isn't because we lack the capability or some legal hurdle. It's because, often, the result of negotiation on a specific point is very deliberately "let's worry about this later" (IE in court). It allows agreement on the major things while putting off the improbable events to a time when they actually happen, and gives a resolution mechanism when that occurs.
- smokeyj 9y ago> The reason code hasn't been law since the time of hammurabi It was called the CODE OF HAMMURABI but don't let that get in the way > "code as law" is new. It is new.. because it's decentralized.. you know, the D in DAO? If you don't "get it" by now - don't worry about it. People are going to build cool stuff on these platforms and when you're using them in 10 years it'll click.
- Dylan16807 9y agoContracts are decentralized by default.
- kerkeslager 9y agoCode as law isn't new, and it's probably true that people don't want it. However, two things are new: 1. The ability to execute code automatically. 2. The ability to decentralize. There are lots of places where these things are of value, which is why some people are willing to accept code as law as a tradeoff to get them.
- fthssht 9y agoI find it hard to imagine any sane person intentionally writing ambiguous contracts with the plan to hash out the details in court in the future. The last place you want to end up is in court because of the time cost and uncertainty.
- deleted 9y ago[deleted]
- erikpukinskis 9y agoI don't want Code to be Law when it comes to whether I get thrown into prison. But I don't mind if Code is Law with respect to paying out suppliers for my bakery today. Especially if, when things go sideways, I can choose to use different Code tomorrow. I wouldn't trust Ethereum with the cash balance of my business, or all its assets, but I might trust it with the daily float.