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> His profile on one social network included a quote from Kurt Vonnegut's Cat's Cradle about the futility of humanity's quest for knowledge: “Tiger got to hunt,

by jakear 4y ago

> His profile on one social network included a quote from Kurt Vonnegut's Cat's Cradle about the futility of humanity's quest for knowledge: “Tiger got to hunt, bird got to fly; Man got to sit and wonder ‘why, why, why?' Tiger got to sleep, bird got to land; Man got to tell himself he understand.” Hey! He’s just like me. > But did Medjedovic do this, or did the algorithm? Barry Sookman, a lawyer in Toronto specializing in information technology, says it's a distinction without a difference: “Individuals are responsible for the activities of technologies they control.” This of course goes both ways — aren’t the index fund creators responsible for their technologies too?

DangitBobby 4y ago
If I write code that can be exploited with a buffer overflow and you exploit it, who is the law going to punish more harshly?
- TremendousJudge 4y ago
  If code is law, you.
- shadowgovt 4y ago
  But the entire raison d'etre of most of crypto is to get out from under the thumb of existing national and legal entanglements. So the question becomes "Who's law?"
  - ummonk 4y ago
    That's not the position taken by Indexed Finance's creators: "When Kellar and his co-founders created Indexed, they imagined it as a step forward for DeFi, or decentralized finance, a blockchain-based movement that purports to offer a more automated, less intermediated version of borrowing and lending, asset trading, and portfolio management. Some proponents take a utilitarian view of DeFi, considering it an improved version of traditional finance, with its fee-taking middlemen and sluggish human decision-making. Others are more libertarian, seeing DeFi as an escape from the existing system, a way of circumventing the rules and restrictions imposed by governments or corporations. Then there are the skeptics, who think it’s all a grift. Kellar, who describes himself as “very progressive,” fits squarely into the utilitarian camp."

by jakear 4y ago

DangitBobby 4y ago

If I write code that can be exploited with a buffer overflow and you exploit it, who is the law going to punish more harshly?

TremendousJudge 4y ago
If code is law, you.
shadowgovt 4y ago
But the entire raison d'etre of most of crypto is to get out from under the thumb of existing national and legal entanglements. So the question becomes "Who's law?"
- ummonk 4y ago
  That's not the position taken by Indexed Finance's creators: "When Kellar and his co-founders created Indexed, they imagined it as a step forward for DeFi, or decentralized finance, a blockchain-based movement that purports to offer a more automated, less intermediated version of borrowing and lending, asset trading, and portfolio management. Some proponents take a utilitarian view of DeFi, considering it an improved version of traditional finance, with its fee-taking middlemen and sluggish human decision-making. Others are more libertarian, seeing DeFi as an escape from the existing system, a way of circumventing the rules and restrictions imposed by governments or corporations. Then there are the skeptics, who think it’s all a grift. Kellar, who describes himself as “very progressive,” fits squarely into the utilitarian camp."