153k Ether Stolen in Parity Multi-Sig Attack

Re:153k Ether Stolen in Parity Multi-Sig Attack by ryandvm on Wednesday July 19, 2017 @06:08PM (#14808453)

Not sure why you're being downvoted because you're exactly right. The crypto-anarchists love to say "the code is the law", but the reality is that losing your retirement savings because somebody forgot to mark a method private is a pretty shitty outcome.

For all its warts, a legal system backed by a jury of your peers is still the best way of sorting out the actual intent of a contract when the shit hits the fan.

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Re:153k Ether Stolen in Parity Multi-Sig Attack by CyberDildonics on Wednesday July 19, 2017 @06:36PM (#14808605)

Ignoring the fact that he was responding to a post that was sarcasm, if we really stop to think about it, how many people are judged by their peers and how many are judged by people who are the furthest from it?

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Re:153k Ether Stolen in Parity Multi-Sig Attack by sjy on Wednesday July 19, 2017 @08:26PM (#14809146)

This is a very US-centric perspective: in most common law countries, jury trials have been all but abolished for contractual interpretation cases.

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Re:153k Ether Stolen in Parity Multi-Sig Attack by stale2002 on Wednesday July 19, 2017 @07:26PM (#14808880)

Well then ethereum is not for THOSE people.

It is fine if you don't like those features. But it turns out that a lot of people DO want them.

The people who want to court system can already use the court system. Now we just have more options and choices.

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Re:153k Ether Stolen in Parity Multi-Sig Attack by vasilipupkin on Wednesday July 19, 2017 @08:19PM (#14809113)

Why do you think that the court system somehow doesn't apply to what happens on ethereum ?

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Re:153k Ether Stolen in Parity Multi-Sig Attack by stale2002 on Thursday July 20, 2017 @12:00AM (#14809935)

The courts can certainly make an attempt to apply themselves to what happens on ethereum.

But if someone wants to, they can make it extremely for that to happen.

Good luck finding the anonymous contract creator that set up their contract by sending money through Monero.

Also, empirically, your claim that courts will get involved with ethereum smart contracts just isn't true.

It is not true, because gigantic scandals and contract theft have ALREADY happened on ethereum, and the courts haven't been able to do shit.

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Re:153k Ether Stolen in Parity Multi-Sig Attack by spuz on Wednesday July 19, 2017 @06:22PM (#14808534)

He's being downvoted because he's replying to obvious sarcasm as if it was serious. You also appear to have taken the joke seriously.

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Re:153k Ether Stolen in Parity Multi-Sig Attack by cookiecaper on Wednesday July 19, 2017 @06:28PM (#14808565)

Sarcastic or not, "contract by code" and "lawyers are obsolete" are, in reality, major selling points used by Ethereum evangelists. The OP's post gives an opportunity to discuss this.

I did not assign any assertion or position to the OP, only followed up on his thread about the potential ramifications that ETH backers seriously advocate.

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Re:153k Ether Stolen in Parity Multi-Sig Attack by SilasX on Wednesday July 19, 2017 @06:38PM (#14808621)

Poe's law: Sufficiently advanced satire is indistinguishable from fanatical confusion.

And many people do promote the "code is law, and nothing else" idea -- at least Ethereum Classic stuck to it!

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Re:153k Ether Stolen in Parity Multi-Sig Attack by GuiA on Wednesday July 19, 2017 @06:29PM (#14808575)

Except the "code is law" meme is a view that many crypto anarchists actually espouse.

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Re:153k Ether Stolen in Parity Multi-Sig Attack by Retra on Wednesday July 19, 2017 @06:28PM (#14808562)

Perhaps they were simply elaborating on the sarcasm on account of the fact that sarcasm does a shit job of justifying or explaining anything.

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