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> 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
by 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 agoThis 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 agoFine, 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 agoI 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.