kaal:claim:3227967-034

In a truly decentralized system any mistake, such as a stolen or lost password or a programming bug, is permanent and irrevocable.

Source quote, verbatim

Remember that in a truly decentralized system, any mistakes (stolen/lost passwords, programming bugs, etc.) are permanent and irrevocable.

From

Mark Fenwick, Wulf A. Kaal, Erik P.M. Vermeulen, Legal Education in a Digital Age Why 'Coding for Lawyers' Matters (2018), IX. Coding for Lawyers, p. 30
https://ssrn.com/abstract=3227967 · source PDF

Cite as

Mark Fenwick, Wulf A. Kaal, Erik P.M. Vermeulen, Legal Education in a Digital Age Why 'Coding for Lawyers' Matters (2018). SSRN: https://ssrn.com/abstract=3227967

Holds when

truly decentralized systems with no reversal authority

Classification

failuresupport: assertedfailure: Irrevocability of decentralized errorsfamily: custody-and-key-lossblockchaindaorisk-and-incentivesdecentralization

Related claims

restates kaal:claim:3227933-021 In a truly decentralized system where code is law, any mistake such as a stolen or lost password or a programm...

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