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I think the way to look at is that, smart contracts are not behind the contracts/agreements, smart contracts are the contracts/agreements. Once you realize that
by rawtxapp 5y ago
I think the way to look at is that, smart contracts are not behind the contracts/agreements, smart contracts are the contracts/agreements. Once you realize that, if a smart contract executed successfully then the operation was legitimate.
Of course, ethereum forked when a big hack happened, but it won't be forking for every hack, otherwise it's not really a reliable blockchain.
- crooked-v 5y agoA smart contract can't actually be the contract (and may end up not even vaguely correspond to the resulting situation in the real world) because the legal system alters or voids contracts all the time. A judge who decides that your smart contract has an unconscionable clause isn't going to care about what you say about immutable code - he's going to tell you to fix it in the real world or else.
- withinboredom 5y agoJudging from the amount of contract disputes in the court system, I would expect it to be forked pretty regularly