> If they didn’t formally verify the smart contract in a way that covers all edge cases including known “exploits” they kinda deserve to have their ethereum transferred to its new holder. Code is law.

It boggles my mind that anyone would want to participate in anything like that, let alone believe it's the future of anything. It's like volunteering to live in a hole in the middle of a WWI no-mans-land, when there are nice homes available in town where you don't have to worry about being killed all the time. It's one thing to be forced to live in a dark forest, it's quite another to choose to live in one (as anything other than the apex predator).