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...

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