Re:Ethereum is Doomed
by cyphar on Tuesday June 21, 2016 @04:17AM
(#11944269)
How is not being above the law a failure of a project? If the goal of the project was to be above the law and be accountable to no-one, then the project was doomed from day one. Then again, I never bought the concept of the DAO (lawyers are incredibly important people who are undervalued in our society).
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That was the goal of the project. Quote www.ethereum.org: "One of the many advantages of having a robot run your organization is that it is immune to any outside influence as itβs guaranteed to execute only what it was programmed to."
"Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference."