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In its hubris the SEC forgot one thing, the most important thing, the only thing...yes the SEC knows the law well, but this is smart contracts, Case Law/precede
by will_brown 8y ago
In its hubris the SEC forgot one thing, the most important thing, the only thing...yes the SEC knows the law well, but this is smart contracts, Case Law/precedent/stare decisis don’t apply to ICOs...the code is the law
- janekm 8y agoWhich is worth the paper it's written on.
- skywhopper 8y agoFraud is against the law, even if you write a contract for how you're going to do it.
- tommorris 8y agoGood luck arguing that novel legal theory when in front of a judge on a fraud or tax evasion trial.
- will_brown 8y agoIt’s sarcasm, I forgot the doesn’t exist on HN. My post history shows from day one I called DAO snake oil, and code is Law bullshit, and shows how much crap I took for that here on HN. But if the SEc can have a sense of humor about it why can’t I? They really did miss an opportunity to use the smart contract marketing though...