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Well in crypto there does seem to exist a somewhat widespread notion of "code is law". If the existing business logic is used to do something undesirable (trans
by VTimofeenko 5y ago
Well in crypto there does seem to exist a somewhat widespread notion of "code is law". If the existing business logic is used to do something undesirable (transfer all money to another person) - in such axiom set that action would be considered in line with the " law".
- 3np 5y agoThis notion is only used in context of smart contracts and on-chain virtual machine code. This is in contrast to wallet implementations.
- SEJeff 5y ago"code is law" has yet to be tested in courts. It is highly suspect that actual humans in a jury would all agree this is the case.
- pcthrowaway 5y agoWe'll have an answer (applicable to the U.S. at least) soon enough: https://www.coindesk.com/tech/2021/10/22/after-stealing-16m-this-teen-hacker-seems-intent-on-testing-code-is-law-in-the-courts/ https://www.coindesk.com/tech/2021/10/22/after-stealing-16m-...
- echelon 5y agoTime to write code that indebts the user to you forever, then get FAMAGMA to use it. Code is law.
- jbkiv 5y agoCode law? You must be kidding. It is OK to chat about "Code Law" among like minded individuals always on the lookout to crack open the pirate's chest. It is a different story to explain to a judge: "sir, the bank had left the vault open during the fire alarm. I just helped myself with few $M. It is the bank's fault". Good luck.
- lottin 5y agoIf the smart contract is not the contract, then where is the actual contract? I imagine the judge would like to know that. If there's no contract, they'll have a hard time convincing anyone that there was a breach of contract.