kaal:claim:5554218-022

Automating smart contracts under the code is law paradigm incentivizes unethical behavior by enabling anonymous, opportunistic action, which reduces repeat business and undermines the minimization of transaction costs.

Source quote, verbatim
The automation of smart contracts under "code is law" incentivizes unethical behavior by enabling anonymous, opportunistic actions, reducing repeat business and undermining transaction cost minimization.
From

Furrer Andreas, Wulf A. Kaal, Universal Digital Law Codex (UDLC) Building the Legal Infrastructure for the Digital Era (2025), 5.1 Automation in Code is Law, p. 31
https://ssrn.com/abstract=5554218 · source PDF

Cite as

Furrer Andreas, Wulf A. Kaal, Universal Digital Law Codex (UDLC) Building the Legal Infrastructure for the Digital Era (2025). SSRN: https://ssrn.com/abstract=5554218

Holds when
Classification

mechanismsupport: arguedfailure: Anonymity driven opportunism raises transaction costsfamily: sybil-and-identity-attacksmart-contractseconomics

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