Code as law can sound a bit scary. Like, computers will rule it all.
Yet, when you think about the current Bank as law ... This is a downright nightmare scarry. In banksters we trust?
Yes, they (SEC, FB, ...) want to bring the old ways of doing business into the crypto field. To have power over their customers.
In a really decentralized crypto-based world there are no customers. SImply users. And the trust is built into the system. There is no way to misuse it.
!invest_vote
agreed so it's better to trust code ten to these profit-hungry companies no?
Always!
Without a doubt.
The code can be openly viewed and forked. With the corporate structure, there is often no choice.
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yeah and we can change it with the need of time while keeping it open for others to view
To go one step further, users are actually, in most instances, stakeholders.
That really alters the picture a great deal.
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You are right. Another level higher, they are part of the governance. Active governance.
Code is law is no different than law is law. It's keeping your word by running good software. However, like ETH's hardfork from ETC, we still understand that the spirit of the law and the letter of the law are still very much up for interpretation.
Well, law is law can be broken any time as we see very painfully in the last year and a half.
True! I could post some local faces to underline it yet ... ten thousand McDonald clowns are less scarier. We truly live in weird times where the fate of billions is decided upon by a twisted mind of few who think they have the right to decide for us. Who gave them this right? I didn't!
The difference is with code is law, if you do not like it, you can opt to move elsewhere with different code.
That is why we have so many different projects starting. There is no one size fits all.
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