Re:153k Ether Stolen in Parity Multi-Sig Attack
by omarchowdhury on Thursday July 20, 2017 @02:03AM
(#14810325)
There can be an immutable smart contract which is in compliance with the law (though you have to be more specific with which law, but for these purposes I know we mean US law).
Point being, immutability is not sufficient to demonstrate that a contract is in conflict with the law.
Re:153k Ether Stolen in Parity Multi-Sig Attack
by tkfu on Thursday July 20, 2017 @03:13AM
(#14810577)
But it's impossible to prove that a smart contract (or any contract, for that matter) is in compliance with the law until it goes in front of a judge and all possible appeals have been exhausted, and that's what matters here.
But civil society is the opposite: Contracts cannot violate the law; the law cannot violate the constitution. The justice system would care about the terms of the DAO only insofar as those terms fail to conflict with the law, which includes a massive body of precedent in contracts and torts.