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Code is law in crypto. You can’t hate the law/regulation then call it in when you need it. Also I don’t think your retailer comparison works, in this case the

Code is law in crypto. You can’t hate the law/regulation then call it in when you need it. Also I don’t think your retailer comparison works, in this case the power to give the user the rights and ability to create 100% discounts was designed into the system and although the outcome is unintended, it is not a flaw because the system allowed it and everyone using the system was allowed to audit it before putting value in.

willbw 4y ago
>You can’t hate the law/regulation then call it in when you need it. Why not?
- cowtools 4y ago
  When you use or own a cryptocurrency, some of your wealth is transferred to miners in exchange for securing the network (block reward, fees -> mining, development). When you use or own a fiat currency, some of your wealth is transferred to governments in exchange for securing the economy (inflation, fees -> regulation, protection). I think it is generally unfair to make the taxpayer to front the bill of the government protecting cryptocurrency institutions (via the justice system), especially when the cryptocurrency networks are supposed to be trustless and self-securing. That's basically a net transfer of wealth from the public to a special interest group of cryptocurrency users, and furthermore a rival financial system.
- mtnGoat 4y ago
  No real reason why not, aside from hypocrisy. It’s just “the code” of lawlessness, if you live outside the law you gotta stay that way.
jvanderbot 4y ago
> Code is law in crypto The courts have not really tested that, have they? I figure HN would alert me if they had. A wounded party will claim an exploit. Most bugs / security flaws are, in fact, code that is working perfectly as written, but not as intended.
- cowtools 4y ago
  This is like saying a word doesn't exist because it's not in a dictionary. Dictionaries reflect the public's usage of words, not the other way around. Similarly, courts are supposed to reflect the values of people, people's values aren't informed by the courts.
  - kybernetikos 4y ago
    Fine, but my values say that fraud is fraud whether you do it on a blockchain or not. I expect most of the public to agree and the laws of most countries to eventually reflect that even if some crypto maximalists don't like it.
  - jvanderbot 4y ago
    I don't follow the analogy, but here's one that works for me: it's like leaving your door unlocked by accident, b/c you didn't understand the lock properly or were in a hurry. Negligence, sure, but it takes a person exploiting that negligence to get to the point of theft.
jcranmer 4y ago
> Code is law in crypto. You can’t hate the law/regulation then call it in when you need it. "Code is law" is the mantra of people who are either ignorant of how the law works or attempting to run from the law [1]. You don't get to choose whether or not the law applies to you [2]. [1] Or both. These aren't mutually exclusive categories. [2] Source: see every sovereign citizen case ever. I was originally going to write "ask any sovereign citizen," but then I remembered that the failure of their legal theories to ever find purchase in a courtroom does surprisingly little to make them realize that they are wrong.
- cowtools 4y ago
  we don't get to choose whether the law applies to us, but we do get to choose whether the code applies to us. The idea being that code is is far more powerful than law Edit: see Tor/I2P vs censorship law, or BitTorrent vs copyright law
  - rtpg 4y ago
    That seems odd. People get fined when trying to circumvent copyright (or more). Censorship laws don't disappear just cuz you have a trick around the implementation of some firewall. I would also counter the idea that we choose whether code applies to us! Loads of daily interactions with different companies or the government go through automated systems that make their own decisions. We don't have line item vetos on what affects us in life, in a lot of scenarios. There are a whole lot of package deals, and big bureaucracy is a part of that.
    - cowtools 4y ago
      > That seems odd. People get fined when trying to circumvent copyright (or more). If they get caught. If you were opposed to copyright law, why go toe-to-toe against IP lobbyists when you can make a computer program that makes their tyrannical laws irrelevant? > Censorship laws don't disappear just cuz you have a trick around the implementation of some firewall. Censorship laws don't need to dissapear so long as they are rendered unenforcable. > I would also counter the idea that we choose whether code applies to us! Loads of daily interactions with different companies or the government go through automated systems that make their own decisions. You can make code apply to you, but you cannot make code not apply to you. Once someone starts using a technology, that changes the game in an irreversable way. > We don't have line item vetos on what affects us in life, in a lot of scenarios. There are a whole lot of package deals, and big bureaucracy is a part of that. No, you merely accept bureaucracy because you are old and complacent.
deleted 4y ago
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mdoms 4y ago
Law is law.
- randomhodler84 4y ago
  Math is law, everything else is a human opinion
  - arlcode 4y ago
    This is true in a philosophical sense. In a more practical sense (some) human opinion is influential enough to make that distinction useless (Feel free to discuss the fundamental nature of laws with your cell mate)
    - miracle2k 4y ago
      Well, if your bicycle is stolen in a big city feel feel free to discuss how important the law is with an officer at your local station; you aren't going see it again. The "law is law" response to "code is law" is terribly uninteresting. It's just semantic shuffling.
      - arlcode 4y ago
        I don't think it is because "law is law" has physicial enforcement behind it (in many cases) while "code is law" doesn't (unless through the regular legal system which won't enforce "illegal" smart contracts)

willbw 4y ago

>You can’t hate the law/regulation then call it in when you need it. Why not?

cowtools 4y ago
When you use or own a cryptocurrency, some of your wealth is transferred to miners in exchange for securing the network (block reward, fees -> mining, development). When you use or own a fiat currency, some of your wealth is transferred to governments in exchange for securing the economy (inflation, fees -> regulation, protection). I think it is generally unfair to make the taxpayer to front the bill of the government protecting cryptocurrency institutions (via the justice system), especially when the cryptocurrency networks are supposed to be trustless and self-securing. That's basically a net transfer of wealth from the public to a special interest group of cryptocurrency users, and furthermore a rival financial system.
mtnGoat 4y ago
No real reason why not, aside from hypocrisy. It’s just “the code” of lawlessness, if you live outside the law you gotta stay that way.

jvanderbot 4y ago

> Code is law in crypto The courts have not really tested that, have they? I figure HN would alert me if they had. A wounded party will claim an exploit. Most bugs / security flaws are, in fact, code that is working perfectly as written, but not as intended.

cowtools 4y ago
This is like saying a word doesn't exist because it's not in a dictionary. Dictionaries reflect the public's usage of words, not the other way around. Similarly, courts are supposed to reflect the values of people, people's values aren't informed by the courts.
- kybernetikos 4y ago
  Fine, but my values say that fraud is fraud whether you do it on a blockchain or not. I expect most of the public to agree and the laws of most countries to eventually reflect that even if some crypto maximalists don't like it.
- jvanderbot 4y ago
  I don't follow the analogy, but here's one that works for me: it's like leaving your door unlocked by accident, b/c you didn't understand the lock properly or were in a hurry. Negligence, sure, but it takes a person exploiting that negligence to get to the point of theft.

jcranmer 4y ago

> Code is law in crypto. You can’t hate the law/regulation then call it in when you need it. "Code is law" is the mantra of people who are either ignorant of how the law works or attempting to run from the law [1]. You don't get to choose whether or not the law applies to you [2]. [1] Or both. These aren't mutually exclusive categories. [2] Source: see every sovereign citizen case ever. I was originally going to write "ask any sovereign citizen," but then I remembered that the failure of their legal theories to ever find purchase in a courtroom does surprisingly little to make them realize that they are wrong.

cowtools 4y ago
we don't get to choose whether the law applies to us, but we do get to choose whether the code applies to us. The idea being that code is is far more powerful than law Edit: see Tor/I2P vs censorship law, or BitTorrent vs copyright law
- rtpg 4y ago
  That seems odd. People get fined when trying to circumvent copyright (or more). Censorship laws don't disappear just cuz you have a trick around the implementation of some firewall. I would also counter the idea that we choose whether code applies to us! Loads of daily interactions with different companies or the government go through automated systems that make their own decisions. We don't have line item vetos on what affects us in life, in a lot of scenarios. There are a whole lot of package deals, and big bureaucracy is a part of that.
  - cowtools 4y ago
    > That seems odd. People get fined when trying to circumvent copyright (or more). If they get caught. If you were opposed to copyright law, why go toe-to-toe against IP lobbyists when you can make a computer program that makes their tyrannical laws irrelevant? > Censorship laws don't disappear just cuz you have a trick around the implementation of some firewall. Censorship laws don't need to dissapear so long as they are rendered unenforcable. > I would also counter the idea that we choose whether code applies to us! Loads of daily interactions with different companies or the government go through automated systems that make their own decisions. You can make code apply to you, but you cannot make code not apply to you. Once someone starts using a technology, that changes the game in an irreversable way. > We don't have line item vetos on what affects us in life, in a lot of scenarios. There are a whole lot of package deals, and big bureaucracy is a part of that. No, you merely accept bureaucracy because you are old and complacent.

deleted 4y ago

[deleted]

mdoms 4y ago

Law is law.

randomhodler84 4y ago
Math is law, everything else is a human opinion
- arlcode 4y ago
  This is true in a philosophical sense. In a more practical sense (some) human opinion is influential enough to make that distinction useless (Feel free to discuss the fundamental nature of laws with your cell mate)
  - miracle2k 4y ago
    Well, if your bicycle is stolen in a big city feel feel free to discuss how important the law is with an officer at your local station; you aren't going see it again. The "law is law" response to "code is law" is terribly uninteresting. It's just semantic shuffling.
    - arlcode 4y ago
      I don't think it is because "law is law" has physicial enforcement behind it (in many cases) while "code is law" doesn't (unless through the regular legal system which won't enforce "illegal" smart contracts)