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A comment on A hacker stole $31M of Ether – how it happened, and what it means for Ethereum. Parent comment

Re:A hacker stole $31M of Ether – how it happened, and what ... by krisoft on Friday July 21, 2017 @10:29AM (#14820786)
I agree with you. If the point of a smart contract is that "code is law" and "judges doesn't make decision, the protocol does", that surely sounds like naive hacker thinking.

If that's not the point of smart contracts then what is a smart contract? How is it different from that thing which we call just "contract"?

So either the smart contracts are just contracts, or they are product of naive hacker thinking.

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Re:A hacker stole $31M of Ether – how it happened, and what ... by kcanini on Friday July 21, 2017 @10:59AM (#14821048)
I think the point is that they bundle together the agreement with the actual execution of the agreement. The execution is performed by public code that everyone can audit and verify for themselves.
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