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by barisser
3477 days ago
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They are precisely incompatible because Blockchains are all about programmatic, self-enforcing arbitration. In a correctly-functioning Blockchain, there is no entry-point for non-permissioned humans to meddle with outcomes. This is not a bug but a feature. Ethereum keeps hard-forking and has thereby undermined its legitimacy. The premise that code is law is central to Blockchains. The necessary corollary is that human-law is irrelevant within the space of outcomes on the Blockchain. In Bitcoin, no human court can prohibit a transaction from going through, or being valid. Bitcoins cannot be confiscated by fiat. Full stop. Blockchains were designed to create a purer, more mechanical and reliable arbitration than the courts can give. |
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How about that DAO, eh. https://davidgerard.co.uk/blockchain/the-dao.html