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The power of the court to 'right' the 'wrong' (e.g. by reversing transactions) is limited on a decentralized public blockchain governed by pure code that crosse
by ArchD 5y ago
The power of the court to 'right' the 'wrong' (e.g. by reversing transactions) is limited on a decentralized public blockchain governed by pure code that crosses national borders. This strengthens the position "the code is the law".
On the other hand, this feature is a motivation for centralists to take issues with public decentralized blockchains.
- crooked-v 5y agoExcept it's not, really, because a judge who's unhappy at it isn't going to care about "the code is the law" talk. They're just going to tell people to fix it or else, and all being in another country usually means is that the asset seizures will take longer.
- ArchD 5y agoHow are they practically going to find the defendant? On a public blockchain, you can't always put a name or face to an address. The tokens in question can change hands many times and make it hard to trace identity.
- username90 5y agoMost criminals aren't masterminds, they are easy to find.
- arvinsim 5y ago"Fix it or else" eerily sounds like an incompetent project manager.
- bryanrasmussen 5y ago>because a judge who's unhappy at it isn't going to care about "the code is the law" talk. in my experience if you ever tried to tell a judge the code is the law you will be in for a world of hurt. Hope they don't read about it elsewhere either. on edit: obviously in agreement with parent, just noting that the very concept of the code is the law introduced to a judge is going to elicit some very negative reactions.