Blockchain, DAO, Smart Contracts

Simple Contracts are Better Contracts: What We Can Learn from the Meltdown of The DAO

“Unlike traditional contracts, the idea was that smart contracts were going to eliminate the need for enforcement or dispute resolution. So that law is enshrined in code.

But this incident has set a precedent, at least within Ethereum, that the project leadership will intervene to enforce the spirit of a smart contract.”

via Blockstack Blog http://ow.ly/e3X3301oJfj

Published by

David Buser

Lawyer/MBA in legaltech interested in everything that makes contracts, negotiations and transactions smarter.

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