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by arcticfox
3652 days ago
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It seems simple enough to include a fallback mechanism to human judgment in times of extreme error. Maybe requiring 90+% consensus from members, or something like that. Obviously, TheDAO didn't have that, and explicitly precludes any fallback to traditional systems in its documentation. |
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Which is, of course, nonsense. You can't document your way outside the law. Not in any country I'd want to live or conduct business in anyway.
If enough of any one persons money is involved you can bet there are lawyers right now trying to working out who to sue.