This is a prime example of why the “code is law” selling point for smart contracts is a disaster waiting to happen. Proponents claim you won’t need lawyers, arbitrators, courts, etc, but in reality you’ll need all those and on top of that programmers to write and verify smart contracts.
This is a prime example of why the “code is law” selling point for smart contracts is a disaster waiting to happen. Proponents claim you won’t need lawyers, arbitrators, courts, etc, but in reality you’ll need all those and on top of that programmers to write and verify smart contracts.
“code is law” can become “might makes right” without oversight. Those who lobby against oversight are a problem.