>"code is law" is binding and should be able to keep the proceeds of his "loophole exploitation." Personally I'm with him haha. Sow -> Reap. i feel that there

>"code is law" is binding and should be able to keep the proceeds of his "loophole exploitation." Personally I'm with him haha. Sow -> Reap. i feel that there is a case of false advertising somewhere here. The classic finance system doesn't advertise "code is law" as a feature, and thus easily claws back accidentally transferred into your account $1B. The Ethereum based crypto and the likes are heavily promoting the "code is law" feature, and thus their readiness and attempts to back off from it anytime the things not going their way suggests false advertising and intentional, at this point giving the history, misleading of the users/customers. Wrt. the original post - it is pretty surreal, users just borrow and mint $500M-2B in a transaction. The crypto proponents tear at Fed for printing money. Yet even the Fed and WallStreet rarely do $2B flash transaction, and not on a whim by some passer-by Shmoe user. The crypto is really democratizing/distributing and multiplying the financial madness that previously was limited to the exclusive club of big money. I have hard time to see how that is any good, and the wolves of crypto look to me much worse than the wolves of the WallStreet.