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Agree with 1/, disagree with 2 and i have a different point of view on th 3rd point. A lawyer can review a contract, miss a loophole/backdoor, and then argue t
by orwin 5y ago
Agree with 1/, disagree with 2 and i have a different point of view on th 3rd point.
A lawyer can review a contract, miss a loophole/backdoor, and then argue to the court that the backdoor was placed there in bad faith, recoup his client losses. You can't do that with code. If you load a backdored code, you can't argue "this is unfair" to a court of justice.
On the 3rd point, i think "good" crypto (and by that i mean non-obvious shitcoins) tend to centralize a lot.
- cco 5y ago> You can't do that with code. If you load a backdored code, you can't argue "this is unfair" to a court of justice. Why not? Assuming the miner and you are in the same jurisdiction, what prevents you from suing them? Seems relatively straightforward.
- orwin 5y agoBecause of limited responsability mainly. Did anyone attack microsoft for the catastrophic 0day ~2 years ago?