# Code risk

`kaal:entity:code-risk`

**Status.** derived

This node is assembled mechanically from the 3 claims that carry the concept tag `code-risk`. It is a roster of what the corpus says under this term. It is **not** an adjudicated definition: no single statement here has been ruled canonical, and no first-appearance call has been made. Read the claims and judge for yourself.

## Every claim under this term

3 claims across 2 works, 2019 to 2019.

**2019**

- [3405401-019](https://wulfkaal.github.io/claims/3405401-019) [failure/argued] *(failure mode)* -- In more complex smart contracts the counterparties cannot fully know whether the contract will do what it was programmed to do, or whether it will contain bugs or follow a logic the parties did not anticipate.
  > In other words, in more complex smart contracts, the counterparties to the contract cannot fully know if the contract will do what it was programmed to do and whether it will have bugs or otherwise follow another logic that was not anticipated by the parties to the contract.
  Wulf A. Kaal, Decentralized Commerce – A Primer on Why Decentralized Reputation Verification Systems Are Needed (2019). SSRN: https://ssrn.com/abstract=3405401
- [3405401-020](https://wulfkaal.github.io/claims/3405401-020) [failure/asserted] *(failure mode)* -- Even small and simple smart contracts often contain bugs that trigger unforeseeable consequences, so contract simplicity is not by itself a guarantee of correct execution.
  > Even small and simple smart contracts often have bugs that trigger unforeseeable consequences.
  Wulf A. Kaal, Decentralized Commerce – A Primer on Why Decentralized Reputation Verification Systems Are Needed (2019). SSRN: https://ssrn.com/abstract=3405401
- [3411110-020](https://wulfkaal.github.io/claims/3411110-020) [failure/argued] *(failure mode)* -- Blockchain based offerings introduce technology risks from code design and functioning and from third party intrusions that are generally absent in traditional offerings, and these risks cannot really be quantified.
  > Technology-based risks include risks from the design and functioning of code, and from third-party intrusions. Such risks are generally not present in a traditional offering.
  Wulf A. Kaal, Samuel Evans, Blockchain-Based Securities Offerings (2019). SSRN: https://ssrn.com/abstract=3411110

## Verify

Every claim above resolves to a record carrying a verbatim source quote, the sha256 of the source PDF, and a preformatted citation. Nothing here asks to be taken on trust.

    curl -s https://wulfkaal.github.io/entities/code-risk.md | sha256sum

**Canonical form.** This markdown file is the canonical hashed representation of this entity node. Its sha256 is the content hash.