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by pikzen 3311 days ago
Ethereum cons: when smart contracts do inevitably get hacked, founders pretty much force the community's hand when it comes to forking because they just lost their VC money. Code is law, except when it's not practical for them.
1 comments
hsod 3311 days ago
Why is "hacking a smart contract" OK but "hard forking in response" is not?
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pikzen 3311 days ago
Because it is a matter of original message. The Ethereum devs have had one mantra from the start: code is law. What is written in the code is what the developer means. There's no room for interpretation.

But, somehow, when someone did something allowed by the code, it turns out it wasn't in the spirit of the law, and so should be forked.

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splintercell 3311 days ago
> The Ethereum devs have had one mantra from the start: code is law.

Oh great, now I can actually say something to my ethereum loving brother in law, btw do you have a source for this? Because when I try to search for any resource on the internet from before 2016 where Ethereum developers said that "code is law" I can't find it.

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knopkop 3310 days ago
"applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference."

https://www.ethereum.org/

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hsod 3311 days ago
Isn't the blockchain, and therefore the hard-forking mechanism, also code?
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