| >> Except with no actual enforcement mechanism. > Can we not ignore when any given enforcement mechanism associated typically with laws don't get executed when laws are broken by various actors? > It's dishonest to pretend that traditional enforcement mechanisms are consistently used. If you can find a quote indicating that I’m pretending that they are consistently used, then by all means call me dishonest. What certainly is dishonest is to pretend that a mechanism that isn’t used consistently is equivalent to no mechanism at all. > > although from what I can see nothing breaks out of the financial derivatives space yet. > You'd probably think that traditional non profit organization with a bank account is a financial derivative then if you research some of these Social DAO's and consider them being in the financial derivatives space. I looked. However I haven’t researched them all. Perhaps you have a single good example you can point to? I assume you must think at least one of them is good. |
Arguably, any instance where such enforcement mechanism fails to happen in response to an infraction in law, or fails be applied consistently to all actors, is a failure of said enforcement mechanism in totality (compared to evm where the contract will revert at runtime to the state before such method reverting execution if inputs + contract state go beyond the bounds defined within the contract and within the evm, every single time, for all actors as defined by the contract). Just because enforcement of the law sometimes works, does not remove its systemic flaws that might as well make it no real enforcement mechanism at all (especially so for some actors who can bypass meaningful enforcement pretty much any time they make an infraction).
Granted, you do not have to use anything defined by the evm. But others have and will continue to do so without any jurisdictions permission.
> Perhaps you have a single good example you can point to? I assume you must think at least one of them is good.
I think at this point, you have enough info to start to DYOR if you want to or not. I don't think there is much point in me spoon feeding you more stuff, and you can come to your own conclusions of ones "goodness" or "badness" and not rely on mine, and what ever you conclude, everyone else will not be bounded by such.