cm0002@lemmy.world to memes@lemmy.world · 1 month agoEtherium logo finally makes senselemmy.mlexternal-linkmessage-square132linkfedilinkarrow-up11.78Karrow-down123cross-posted to: memes@lemmy.ml
arrow-up11.76Karrow-down1external-linkEtherium logo finally makes senselemmy.mlcm0002@lemmy.world to memes@lemmy.world · 1 month agomessage-square132linkfedilinkcross-posted to: memes@lemmy.ml
minus-squaredx1@lemmy.worldlinkfedilinkarrow-up1·edit-21 month agoYou can program anything up to and including judicial oversight and interaction rescission into a smart contract. Not all existing laws make sense or have a positive effect on this ecosystem. Many have a negative effect, speaking from experience.
minus-squareKnock_Knock_Lemmy_In@lemmy.worldlinkfedilinkarrow-up1·1 month agoYou have to programme reversiblity and authorise people who can make changes in advance. Decisions on when this happens are outside the blockchain. It doesn’t matter if laws are beneficial or damaging, they still need to be followed.
You can program anything up to and including judicial oversight and interaction rescission into a smart contract. Not all existing laws make sense or have a positive effect on this ecosystem. Many have a negative effect, speaking from experience.
You have to programme reversiblity and authorise people who can make changes in advance. Decisions on when this happens are outside the blockchain.
It doesn’t matter if laws are beneficial or damaging, they still need to be followed.