cm0002@lemmy.world to memes@lemmy.world · 2 months agoEtherium logo finally makes senselemmy.mlexternal-linkmessage-square132fedilinkarrow-up11.78Karrow-down123
arrow-up11.76Karrow-down1external-linkEtherium logo finally makes senselemmy.mlcm0002@lemmy.world to memes@lemmy.world · 2 months agomessage-square132fedilink
minus-squaredx1@lemmy.worldlinkfedilinkarrow-up1·edit-22 months 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-up1·2 months 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.