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> And law enforcement is a thing! More than that, there's a minority perspective in DeFi that the code is the law. If the code allows it (e.g., withdrawals und
by basseq 5y ago
> And law enforcement is a thing!
More than that, there's a minority perspective in DeFi that the code is the law. If the code allows it (e.g., withdrawals under an unintended circumstance), it's therefore legal. If it were illegal, the code wouldn't allow it.
- im3w1l 5y agoI think this could make sense if it is applied in a small community of tinkerers that understand and accept the risks (cf. accredited investor), or I suppose a community of dissidents that trust the police even less than they trust the code, but for wider society it would not be appropriate.