153k Ether Stolen in Parity Multi-Sig Attack

Re:153k Ether Stolen in Parity Multi-Sig Attack by calafrax on Wednesday July 19, 2017 @06:23PM (#14808541)

Right. Ethereum is just a medium for recording a contractual agreement. Using ethereum should not make contracts any more enforceable in the eyes of the law.

In many cases I would assume the opposite will occur: plaintiffs will claim that there was no contract formation because because the technical mumbo-jumbo of computer code is incomprehensible to a layman.

I suspect that courts will react quite favorably to this argument seeing as how they have a natural interest in maintaining their jurisdiction.

[ Parent | on HN ]

Re:153k Ether Stolen in Parity Multi-Sig Attack by twblalock on Wednesday July 19, 2017 @06:55PM (#14808723)

I'm just amazed that people want to cut the courts out of jurisdiction over contracts. The courts are a legal recourse if you get screwed.

Why give up those rights and let a computer program (or rather, it's creators) dictate that you're screwed if you make a mistake? I mean, contract law exists because that kind of strict arrangement proved unsatisfactory in real life in the past.

[ Parent | on HN ]

Re:153k Ether Stolen in Parity Multi-Sig Attack by jononor on Wednesday July 19, 2017 @07:03PM (#14808756)

The legal mumbo-jumbo of written contract is also incomprehensible to lay people..

[ Parent | on HN ]