Re:Bitcoin core developer claims to have lost 200 BTC in hack
by gruez on Monday January 02, 2023 @09:57AM
(#34218516)
1. Is Changpeng “CZ” Zhao known to be someone who believes in "Code is law"? I know that some in the crypto community (specifically ethereum/difi) believes this, but this isn't as much of a gotcha you think it is because crypto isn't a monolith, and therefore there can be apparent contradictions from people within the crypto community.
2. On a more fundamental level, I don't see how this is inconsistent with "code is law". After all, if the attacker willingly transferred his stolen funds to a third party, then in the eyes of the network he legitimately gave up control of it[1], just like luke legitimately gave up control of his coins when his wallet was hacked. Live by the sword, die by the sword.
[1] if you want to make it kosher in the eyes of the law, you could even sneak a clause in the ToS that says you have the right to freeze whatever funds you want.
2. On a more fundamental level, I don't see how this is inconsistent with "code is law". After all, if the attacker willingly transferred his stolen funds to a third party, then in the eyes of the network he legitimately gave up control of it[1], just like luke legitimately gave up control of his coins when his wallet was hacked. Live by the sword, die by the sword.
[1] if you want to make it kosher in the eyes of the law, you could even sneak a clause in the ToS that says you have the right to freeze whatever funds you want.