Re:The bug which lost more than $600M in various cryptocurre...
by im3w1l on Friday August 13, 2021 @03:09PM
(#28173117)
I think this could make sense if it is applied in a small community of tinkerers that understand and accept the risks (cf. accredited investor), or I suppose a community of dissidents that trust the police even less than they trust the code, but for wider society it would not be appropriate.
More than that, there's a minority perspective in DeFi that the code is the law. If the code allows it (e.g., withdrawals under an unintended circumstance), it's therefore legal. If it were illegal, the code wouldn't allow it.