kaal:claim:4067783-022

Effective business dealing requires that counterparties have confidence a fair resolution will occur when transactions do not develop as planned, which purely self executing code cannot supply.

Source quote, verbatim

To do business effectively, counterparties need confidence that a fair resolution will occur when transactions do not develop as planned.

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

conditionsupport: arguedsystemic-risklaw-and-legal-systemssmart-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/aab16bbb2c2d757f...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/4067783-022.md | sha256sum

Positions extending this scholarly claim

Extension: Legal Responsibility in Smart Contracts in Blockchain Transactions