cm0002@lemmy.world to memes@lemmy.world · 6 days agoEtherium logo finally makes senselemmy.mlimagemessage-square131fedilinkarrow-up11.77K
arrow-up11.77KimageEtherium logo finally makes senselemmy.mlcm0002@lemmy.world to memes@lemmy.world · 6 days agomessage-square131fedilink
minus-squaredx1@lemmy.worldlinkfedilinkarrow-up1·edit-24 hours 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-up1·28 minutes 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.