Post
Topic
Board Altcoin Discussion
Re: The ONLY solution to the ETH/DAO conundrum..
by
BitcoinNational
on 19/06/2016, 05:36:25 UTC
Contracts are all about consent; abusing a gap/hole/vulnerability in a contract is obviously non-consentual and thus illegal.



Consent just means "agreement". The creators of the DAO (rather stupidly) agreed that "code is law", and the attackers agreed with the code. It's generally assumed in contract law that anyone agreeing to a contract understands it completely, including any loopholes. Abusing a loophole in a contract is perfectly legal and can be legally enforced if it works against the person who wrote the contract (it's his fault, after all). A person who discovers that a contract allows them to collect free money can't be blamed for agreeing to it; it's the responsibility of the contract's author to ensure the terms of the contract can't be turned against him.

math is the LAW
suck it!

[think i agree with OP]