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by danielvf 425 days ago
In this case the only person espousing the idea of "code is law" is the hacker. Neither the blockchain's builders, nor the hacked protocol, nor the users are saying that.

"code is law" is a meme that primarily lives on hacker news. Only a tiny fraction of crypto people believe it or say it.
1 comments
ceejayoz 424 days ago
This is revisionist history.

https://www.bitget.com/news/detail/12560604358718

> In April 2016, in Switzerland, the Slock.it team was introducing their ambitious plan: The DAO, a decentralized investment fund governed entirely by code. "Imagine a fund with no board, no CEO," founder Christoph Jentzsch explained, "all decisions are made by token holders through smart contract-based voting. This is the ultimate realization of 'Code is Law'."

https://x.com/VitalikButerin/status/1188511660387889153

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olddustytrail 424 days ago
Is the "Slock.it team" not a tiny fraction of crypto people?

I find it difficult to believe they're a large majority.

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ceejayoz 424 days ago
The DAO was not some small, fringe project in the crypto world.

Per Wiki:

> As of May 2016, The DAO had attracted nearly 14% of all Ether tokens issued to date.

Vitalik Buterin is, uh, pretty notable, too.

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