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A comment on $600M taken in largest DeFi hack to date. Parent comment

Re:$600M taken in largest DeFi hack to date by jshen on Wednesday August 11, 2021 @01:28AM (#28138359)
What you are advocating for is undemocratic lawlessness. Which, ultimately, is what many arguments for crypto boil down to.
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Re:$600M taken in largest DeFi hack to date by heckerhut on Wednesday August 11, 2021 @03:17AM (#28139036)
> undemocratic lawlessness

What is that supposed to be? It’s not a known concept. If you think it means something you should define it.

As a lawyer, it’s perfectly legal to circumvent a law by designing around it. Crypto does that perfectly. So does everybody else. Heck, the whole open source movement does it.

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Re:$600M taken in largest DeFi hack to date by jshen on Wednesday August 11, 2021 @11:24AM (#28143120)
If you willfully ignore regulations you don’t like, ones that were established through democratic processes, and advocate for others doing the same … that’s undemocratic lawlessness.

If instead you are saying that it’s good to find loopholes in laws that violate the spirit of the law, but not the letter of the law … well, you just explained why smart contracts are stupid and will never work.

Edit: by your definition, this “hack” was just innovation designed around the “law” of the smart contracts ;)

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