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RE: My thoughts on the debate currently occurring in the Ethereum community over The DAO hack

in #ethereum8 years ago

After listening to the attorney's talking with Andreas yesterday, this could become a big legal mess for TheDAO for not stating a jurisdiction up front if any legal proceedings were to occur.

From a legal standpoint it sounds like no matter what they do there could be a wide range of ramifications that could end up dragging many people through courts all around the world. Basically anyone filing a lawsuit could cherry pick the jurisdiction that would benefit them the most and file there. And a fork is not going to fix that.

I hope @dan & @ned listened to that conversation and have handled things on their end better than TheDAO. Any crypto-project could end up in this kind of legal mess without such T&C's in place and from what the attorney's were saying it's easily avoidable and a site is setup (www.commonaccord.org) to handle all of this for such projects.