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Because the bank's relationship with its customers, central banks, and society as a whole, is codified in law and not in code. So if you find a legal loophole
by ikura 4y ago
Because the bank's relationship with its customers, central banks, and society as a whole, is codified in law and not in code. So if you find a legal loophole that's different from hacking the bank to get something the legal system doesn't entitle you to. When the code is the law, a hack is a loophole.
- otterley 4y agoThere seems to be an ongoing misimpression here that code is, in fact, law, as though our existing legal system doesn’t have something to say about that.
- cinntaile 4y agoCryptocurrencies and smart contracts exist within our society as well, they're not subject to an alternative reality.
- memonkey 4y agoThey're only barely being subject to society's laws though I think is the point.