What we might find out here is if 'smart contracts' are actually so smart.
If people can take each other to court on the basis of these auto transactions given the intent or nature of the contract, then, well, they're just regular contracts, aren't they.
And then they're regular assets, subject to the lawful rulings of courts aka 'The contract was executed unlawfully, you have to return XYZ funds'.
I suggest a lot of people are going to be cashing out, thinking they are above/outside the Judiciary, but eventually this will come home to roost, it not now, but later.
I'm wary that a few young lads will be made scapegoats.
If people can take each other to court on the basis of these auto transactions given the intent or nature of the contract, then, well, they're just regular contracts, aren't they.
And then they're regular assets, subject to the lawful rulings of courts aka 'The contract was executed unlawfully, you have to return XYZ funds'.
I suggest a lot of people are going to be cashing out, thinking they are above/outside the Judiciary, but eventually this will come home to roost, it not now, but later.
I'm wary that a few young lads will be made scapegoats.