# kaal:claim:4067783-020

**Claim.** 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.

**Type.** mechanism  **Support.** argued

**Holds when.**

- smart contracts involving fungible currency exchange

**Source quote.**

> 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, page 9

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

**Verify.** sha256 of source PDF `48f1e307cdbbe28c7843f7744d0ba8cf01662f257a53f2066a7a6c7e03a5acec` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202022%20-%20DAO%20Fallacies.pdf

**Failure mode.** Irreversible self execution rigidity  (family: smart-contract-rigidity)

**Topics.** smart-contracts

**Keywords.** code-is-law, smart-contracts, irreversibility, rigidity

**Related claims.**

- restates: https://wulfkaal.github.io/claims/3782214-015

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.