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RE: My humble statement on TheDAO

in #ethereum9 years ago (edited)

In most parts of the world, a court would also rule a simple send to a wrong address as unintentional...

And that's exactly what I don't like. We had a chance to get away from courts (or other groups) overruling clear agreements. Giving that power up now will open doors for later.

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I'm not sure we can get away from courts, unless arbitration is built into these agreements/ Smart Contracts. Even then, courts are usually a weapon of last resort should one side still feel aggrieved after arbitration. The "rule of law" is a key tenant in most countries.

If we live in a nation states, that power is already ceded whether we like it or not (or even attempt to contract out of it).