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Computers are not enforcing law, I think this is just a misunderstanding on how blockchain systems work. They rely on consensus of majority of nodes, that are o
by Leace 8y ago
Computers are not enforcing law, I think this is just a misunderstanding on how blockchain systems work. They rely on consensus of majority of nodes, that are operated by humans. So in effect software written by small team of people is running on nodes operated by people. Ultimately the entire system is controlled by people, as DAO "hack" clearly shows.
- pavlov 8y agoIt's a misunderstanding that's actively promoted by blockchain enthusiasts. A lot of people still believe that inerrable smart contracts are possible and desirable. Hundreds of millions of ICO money has been collected by blockchain projects that basically promise to do away with software bugs by using [academic language X | proof verification system Y | magic beans].