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> From there, you can imagine increasingly complex structures built entirely in the blockchain. > It also cuts out an enormous amount of the legal, settlement
by dmitriid 5y ago
> From there, you can imagine increasingly complex structures built entirely in the blockchain.
> It also cuts out an enormous amount of the legal, settlement
Ah, yes. Because increasingly complex structures written in obscure esoteric languages are immediately absolved of all problems, are automatically correct, require no enforcement or verification.
- foepys 5y agoThe first DAO iteration got promptly hacked and drained of funds. That's all you need to know about such ideas where "code is law". https://www.coindesk.com/understanding-dao-hack-journalists https://www.coindesk.com/understanding-dao-hack-journalists
- vel0city 5y agoNot only that but then convinced the majority of the network to rewrite the transactions and alter history!