• dx1@lemmy.world
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    4 hours ago

    You can program anything up to and including judicial oversight and interaction rescission into a smart contract. Not all existing laws make sense or have a positive effect on this ecosystem. Many have a negative effect, speaking from experience.

    • Knock_Knock_Lemmy_In@lemmy.world
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      47 minutes ago

      You have to programme reversiblity and authorise people who can make changes in advance. Decisions on when this happens are outside the blockchain.

      It doesn’t matter if laws are beneficial or damaging, they still need to be followed.