kaal:claim:4067783-021

Code is law fails as a complete business ordering because business ventures very rarely proceed exactly as written in smart contract code: real business relationships are far messier and more multivalent than a series of smart contracts can predict.

Source quote, verbatim

In reality, very rarely does any business venture proceed exactly as planned in smart contract code because the reality of business relationships is far more messy and multivalent than can be predicted by a series of smart contracts.

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

Classification

failuresupport: arguedfailure: Incomplete contracting in codefamily: 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...

Verify

The quote above is an exact substring of the source PDF, whose sha256 is 48f1e307cdbbe28c7843f7744d0ba8cf01662f257a53f2066a7a6c7e03a5acec. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/7b4c28e832b3397a...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/4067783-021.md | sha256sum