Nomad drained of $150m due to a coding mistake

Re:Nomad drained of $150m due to a coding mistake by misnome on Tuesday August 02, 2022 @10:55AM (#32319316)

Isn't it a consequence? If the entire foundation of your system is irreversibility and finality, then doesn't it effective becomes true? (unless you are big enough to force a network-wide rollback...).

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Re:Nomad drained of $150m due to a coding mistake by cinntaile on Tuesday August 02, 2022 @10:57AM (#32319350)

If you ignore the fact that the actual law might have something to say about this, then sure.

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Re:Nomad drained of $150m due to a coding mistake by ghaff on Tuesday August 02, 2022 @11:11AM (#32319551)

But that's exactly what the decentralized crowd is arguing. You encode transactions and no centralized authority (e.g. a country's judicial system backed by people with guns) can override it. A natural consequence is that no one can override a mistake either.

Legal contracts in the physical world can be poorly drafted as well. But courts don't usually allow ludicrous results arising from honest mistakes.

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Re:Nomad drained of $150m due to a coding mistake by cinntaile on Tuesday August 02, 2022 @11:15AM (#32319617)

The law doesn't care if I argue it doesn't apply to me.

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