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Laws are laws - cryptocurrencies aren't necessarily exempt from following laws. I know the crytpo folks like to repeat the "CODE IS LAW" mantra, but it's not t
by TrackerFF 5y ago
Laws are laws - cryptocurrencies aren't necessarily exempt from following laws.
I know the crytpo folks like to repeat the "CODE IS LAW" mantra, but it's not that simple.
Imagine that that you write some complex contract which basically makes the signee to hand over everything they own to you. And you get them to sign that contract. If it had been that simple, then you could just mail out such contracts to the whole country, and go collect your new fortune.
But we know it's not that simple.
Likewise with smart contracts. A "hacker" could argue that they fulfilled some criteria, which then activated some contract - but my guess is that it would legally end up in the same way as with the above example.