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The fact that Ethereum code is public seems to weigh in favor of allowing him to get away with his "hack". For any other financial instrument, we rely on verbal
by liminal 4y ago
The fact that Ethereum code is public seems to weigh in favor of allowing him to get away with his "hack". For any other financial instrument, we rely on verbal descriptions of how it will be conducted and behave. With Ethereum, the code speaks for itself -- for better or worse. This leads to a rather absolutist dog-eat-dog rationality that I don't much like, but also don't see how to avoid.
- cbm-vic-20 4y ago> For any other financial instrument, we rely on verbal descriptions of how it will be conducted and behave. My brokerage sends me plenty of prospectuses and other documentation that I don't read that describes exactly that. I depend on the regulators and the lawyers of other clients that have a lot more to lose than I do to make sure they stick to the rules.