kaal:claim:4067783-020

Smart contracts that govern fungible currency exchanges are engineered for irreversible, unreviewable, programmed self execution, and that design makes the business structure of web3 more rigid.

Source quote, verbatim

Yet, smart contracts involving fungible currency exchanges are designed to guarantee irreversible, unreviewable, programmed self execution. As such, they create a more rigid structure for business in web3.

From

Wulf A. Kaal, DAO Fallacies (2022), II.4 Myth #4: Code is Law Fallacies, p. 9
https://ssrn.com/abstract=4067783 · source PDF

Cite as

Wulf A. Kaal, DAO Fallacies (2022). SSRN: https://ssrn.com/abstract=4067783

Holds when

smart contracts involving fungible currency exchange

Classification

mechanismsupport: arguedfailure: Irreversible self execution rigidityfamily: smart-contract-rigiditysmart-contracts

Related claims

restates kaal:claim:3782214-015 Rigid code is law smart contracts over fungible currency are built to guarantee irreversible, unreviewable, se...

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