What Are the Limitations of 'Code Is Law' When Dealing with Unforeseen Events? ⎊ Path

What Are the Limitations of ‘Code Is Law’ When Dealing with Unforeseen Events?

Smart contracts are rigid and cannot account for events not explicitly coded into their logic, such as a black swan market crash or a legal regulatory change. When an unforeseen event occurs, the contract may execute an undesirable or economically disastrous outcome, and the 'code is law' principle offers no flexible mechanism for human intervention or adaptation.

What Is the “Code Is Law” Philosophy in the Context of Smart Contracts?

What Is ‘Code Is Law’ in the Context of Decentralized Finance?

What Is ‘Code Is Law’ in the Context of Smart Contracts?

How Does the Immutability of a Smart Contract Affect Dispute Resolution in Derivatives Trading?

How Do ‘Smart Contracts’ Complicate the Application of Traditional Financial Law?

How Does a Governance Token Relate to the “Code Is Law” Principle?

Are There Hybrid Legal Agreements That Combine Smart Contracts with Traditional Law?

What Is the Concept of a “Fork” and How Does It Challenge “Code Is Law”?