entity · derived
Code is law
Derived node: assembled mechanically from the claims carrying code-is-law. A roster, not an adjudicated definition.
Every claim under this term
- 3227933-021 : In a truly decentralized system where code is law, any mistake such as a stolen or lost password or a programming bug is permanent and irrevocable, because there is no authority able to reverse it.
- 3266953-014 : Smart contracts cannot by themselves carry human business interactions, because those interactions require flexibility in interpreting intent that is at odds with the merciless mathematical logic of s
- 3266953-015 : A pure code is law smart contract between anonymous parties creates a zero sum scenario in which each party is incentivized to deliver only the minimum that satisfies the rigid self executing terms, s
- 3405401-030 : The rigorous code is law standard associated with smart contracting can be upheld while still gaining flexibility, because reputation verification operates at the level of smart contract template veri
- 3406323-032 : Smart contracts fail to accommodate human business interaction because code does not follow the same logic on similar terms as natural human language, so the flexibility in interpreting intent that hu
- 3411897-032 : Human business interactions require a flexibility that is at odds with the merciless mathematical logic of smart contracts, so smart contracting cannot ensure the flexible interpretation of intent tha
- 3782203-022 : Despite its alluring simplicity, the Code is Law credo taken as an absolute is not an efficient solution for business, because unintended consequences of contracts arise in almost every business arran
- 3782203-025 : A Code is Law assumption remains necessary for machine-scale commerce, because the multiplicity of options in a dynamically changing market demands instantaneous legal enforcement without waiting for
- 3782214-015 : Rigid code is law smart contracts over fungible currency are built to guarantee irreversible, unreviewable, self executing outcomes, which is a poor match for business because business ventures very r
- 3782214-031 : Code is law smart contracts deliver a genuine leap in efficiency and clarity through digital self execution, but their supposed self regulation will always ultimately fall short, which is why an appea
- 4067783-020 : 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.
- 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 multival
- 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.
- 4067783-023 : Effective human-centric DAO governance is the remedy for rigid smart contract rules that undermine business activities requiring more flexibility in web3 and the metaverse.
- 5554218-019 : The code is law paradigm departs from existing legal systems in three linked ways: it shifts authority from sovereign institutions to technical protocols, replaces interpretive flexibility with determ
- 5554218-020 : Unlike legal systems that balance enforcement against fairness, the binary execution of code offers no mechanism for appeal or mitigation, which limits recourse for aggrieved parties and challenges ba
- 5554218-021 : Coded automation leads inevitably to corruption of the system and must be supplemented with decentralized governance of the code, which produces preferable outcomes and improved ethics.
- 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