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Well this is what the smart contract / Ethereum folks are setting out to do. I think they will soon run into the fact that the function of the legal system is n
by thewarrior 6y ago
Well this is what the smart contract / Ethereum folks are setting out to do. I think they will soon run into the fact that the function of the legal system is not to run through some obfuscated flow chart but to identify edge cases and resolve them by debating the original intent of the law. This is what happened during the DAO hack when they had to fork the chain because everyone agreed thats not what was supposed to happen.
- joubert 6y agoContracts, whether “smart” or not, also need a mechanism for enforcement. Legal systems and the people who run them fulfill that function; I’m skeptical you could engineer that away.