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by digikata 3180 days ago
I think it's good to press hard on how newly proposed code-as-law systems work, but at the same time, how are gaps between code-as-law larger or different from say an executive that skims money out of a company, transferring it to other bank accounts. The banking system isn't enforcing any legal contracts in that transaction, and if the malfeasance is discovered then some legal recovery action would order or capture assets to be transferred back. Couldn't a court of law order assets be transferred to a wronged party in a code-as-law system?

Edit: I do think a good "control test" of many of the code-as-law systems is to compare against cases about how it would be different than a ledger managed by a person & the existing legal framework around it, and then a centralized database with security around certain operations.