kaal:claim:3441904-033

Rulemaking via code is not itself a cure for static regulation, because coded solutions are subject to natural flaws such as bugs and cannot evolutionarily change protocols, making them another stable and presumptively optimal attempt.

Source quote, verbatim

On the other hand, coded solutions are subject to natural flaws (bugs) and cannot evolutionarily change protocols.

From

Wulf A. Kaal, Blockchain-Based Corporate Governance (2019), IV.2 Benefits of Dynamic Decentralized Governance, p. 28
https://ssrn.com/abstract=3441904 · source PDF

Cite as

Wulf A. Kaal, Blockchain-Based Corporate Governance (2019). SSRN: https://ssrn.com/abstract=3441904

Holds when

decentralized rulemaking via code without dynamic elements

Classification

failuresupport: arguedfailure: static-code-rulesfamily: rule-obsolescence-and-ossificationdynamic-regulationgovernance-design

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