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by notahacker 437 days ago
Moreover they're designed to be contracts with the explicit intention of enabling trustless exchange without third party oversight, under the belief that the code can replace a legal system

unlike actual contracts, which are written with the expectation that disputes may occur and be resolved by arbitrators and a legal system (who will probably rule that a poorly drafted clause 2b doesn't in fact grant you the right to take all the other customers' money)