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The community here were namely, the people who were upset their coins were stolen -- the developers, people who had a lot of coins, and miners. All the morals a

The community here were namely, the people who were upset their coins were stolen -- the developers, people who had a lot of coins, and miners. All the morals about "code is law", "free from centralized governance" went out the window when gainz were to be had.

rglullis 4y ago
The community here is at least 51% of those running nodes on the network. They pretty much were (and still are) "free from centralized governance", so much so that those that disagreed with the change were completely free to keep the other chain. Anyway, I think that "Code is law" is a bad phrase. A more appropriate (but still silly) phrase would be "Code is law enforcement". The laws themselves still need to be written by people, should still be subject to context-dependent interpretation and should still have room to be changed.
- robbiep 4y ago
  >Anyway, I think that "Code is law" is a bad phrase. A more appropriate (but still silly) phrase would be "Code is law enforcement". That’s an interesting approach. The popular conception from the evangelists is that code is law, because it’s meant to be a major advantage. By saying it’s not, what real benefits does a DAO/on chain contract offer? Certainly nothing like legal recourse like you’d get in an actual court in the real world. And ultimately, it appears that code is neither law nor law enforcement. It’s just an opportunity for hackers to occasionally wipe everyone out and a community to scramble to roll things back with significant mud on face
  - rglullis 4y ago
    > Certainly nothing like legal recourse like you’d get in an actual court in the real world. The "real world" is full of corrupt institutions and people in positions of authority that are not working with the interests of ordinary citizens in mind. The "real world" is also a place where people have ubiquitous access to the internet, but don't have access to banking systems, easy credit or fast/cheap ways to settle minor disputes. For these situations, a system that can provide an alternative to the established, well-functioning institutions is better than nothing, even if flawed.
    - robbiep 4y ago
      I know people who have lost money to defi hacks, scams and counterparty risk. The total value significantly exceeds what I believe my friends have ever lost in the real world. So I’m not seeing the corrupt institution risk that is so trumpeted by the cryptobros. I’m also not convinced that ubiquity of internet access is anywhere close to providing a decent alternative in terms of access.
      - rglullis 4y ago
        Let me guess: your friend is from a reasonably developed country and was putting money on defi as a way to "invest"?

rglullis 4y ago

The community here is at least 51% of those running nodes on the network. They pretty much were (and still are) "free from centralized governance", so much so that those that disagreed with the change were completely free to keep the other chain. Anyway, I think that "Code is law" is a bad phrase. A more appropriate (but still silly) phrase would be "Code is law enforcement". The laws themselves still need to be written by people, should still be subject to context-dependent interpretation and should still have room to be changed.

robbiep 4y ago
>Anyway, I think that "Code is law" is a bad phrase. A more appropriate (but still silly) phrase would be "Code is law enforcement". That’s an interesting approach. The popular conception from the evangelists is that code is law, because it’s meant to be a major advantage. By saying it’s not, what real benefits does a DAO/on chain contract offer? Certainly nothing like legal recourse like you’d get in an actual court in the real world. And ultimately, it appears that code is neither law nor law enforcement. It’s just an opportunity for hackers to occasionally wipe everyone out and a community to scramble to roll things back with significant mud on face
- rglullis 4y ago
  > Certainly nothing like legal recourse like you’d get in an actual court in the real world. The "real world" is full of corrupt institutions and people in positions of authority that are not working with the interests of ordinary citizens in mind. The "real world" is also a place where people have ubiquitous access to the internet, but don't have access to banking systems, easy credit or fast/cheap ways to settle minor disputes. For these situations, a system that can provide an alternative to the established, well-functioning institutions is better than nothing, even if flawed.
  - robbiep 4y ago
    I know people who have lost money to defi hacks, scams and counterparty risk. The total value significantly exceeds what I believe my friends have ever lost in the real world. So I’m not seeing the corrupt institution risk that is so trumpeted by the cryptobros. I’m also not convinced that ubiquity of internet access is anywhere close to providing a decent alternative in terms of access.
    - rglullis 4y ago
      Let me guess: your friend is from a reasonably developed country and was putting money on defi as a way to "invest"?