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This kind of aspect is exactly why I'm fairly wary of smart contracts as a general concept. The problem with "law is code" is that the entire functioning of so
by MrEldritch 8y ago
This kind of aspect is exactly why I'm fairly wary of smart contracts as a general concept.
The problem with "law is code" is that the entire functioning of society depends on law not being code. Think of how broken all software is, everywhere, all the time. Now multiply that by how messy the legal system already is.
- codethief 8y agoWhile I was reading your comment I couldn't help myself thinking that, even though laws are not code, our society does run on code now and algorithms start reflecting the laws we chose and in fact, in some cases, pre-date the laws and in this sense effectively become the law until lawmakers or judges object. So I wonder in how far the question is not whether law is (will become) code or not but whether code will become law. Somewhat relevant: "Code is law" by Lawrence Lessig from 2001. (https://www.harvardmagazine.com/2000/01/code-is-law-html https://www.harvardmagazine.com/2000/01/code-is-law-html) Side remark: I find it amusing and terrifying at the same time how Lessig distinguished between "the real world" and cyberspace, whereas nowaways these boundaries are a lot more blurry.