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so if we are depending on a centralized legal framework, why would we need the blockchain (decentralized store)? Wasn't Code supposed to be Law?


so we do not have to go through legal process to resolve anything


That's literally how things work now. ~99.99999999% of contractual agreements are not litigated. The legal process is there as a slow debugger when it all goes wrong. But most of the time, things don't go wrong and people work out their disputes without involving courts and judges.


Law is not like code. It requires interpretation. You're nuts if you don't think most of these "smart contacts" wouldn't just end up in court anyways.


thats the legal framework in place bit.


A legal framework. You mean laws? We have those for all sorts of things but we still have courts to interpret How the laws apply for specific situations.




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