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Re: <nettime> Ethereum: DAO - "The Attacker"
carlo von lynX on Mon, 25 Jul 2016 13:42:24 +0200 (CEST)

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Re: <nettime> Ethereum: DAO - "The Attacker"

On Sat, Jul 23, 2016 at 11:41:33AM +0200, Jaromil wrote:

>   understand (ask yourself, has anyone of them read the DAO code
>   before putting money on it?? It's the language, stupid!)

What I understood from the Forbes article is that the developers
of code are ignoring the legal implications whereas the speculators
are implying a legal framework which in a way is missing. They just
read all the blogs describing how TheDAO is supposed to work and
found that blah blah convincing to bet money on it. Now whose fault
is it that the blogs did not actually convey what the DAO code does?
Will the speculators be able to sue their money out of the blog
authors? Or can they sue the money out of all the participants in
this distributed Ponzi scheme? Or will they accept that they threw
their money at a technology experiment without the legal guarantees
they usually are granted. Do they suddenly realize that the State
actually does have a relevant role in capitalism and all the Mises
blog output is just ideological humbug? Finally you have a radically
free market, one that disrespects societal needs in every way and
allows you to exercise tax evasion in the face of any social contract
of human history, and what.. you are still not happy?

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