You withdraw cash at an ATM but the software has faulty code which causes your balance to remain the same after withdrawing any amount.
You notice this and then empty the entire ATM this way, making $200,000. I’m sure once you explain to the jury that the ATM just gave you a bad contract, they will acquit you.
No one ever said ATM-code is law. Ethereum code is supposed to be. Code is law is one of their slogans.
Everything that a blockchain does could be handled by a single office computer. The whole reason for the huge, expensive over-head is to put crypto beyond the law. Stuff like this exposes the whole, huge waste of human effort.
Code is the law of the blockchain, his transaction wasn’t reverted, he got caught irl. It’s like saying constitution isn’t law because laws of physics don’t prevent murder.
You withdraw cash at an ATM but the software has faulty code which causes your balance to remain the same after withdrawing any amount.
You notice this and then empty the entire ATM this way, making $200,000. I’m sure once you explain to the jury that the ATM just gave you a bad contract, they will acquit you.
A bartender in Australia did essentially just that but to the tune of $1.6 million AUD.
https://www.businessinsider.com/australian-bartender-withdraws-over-million-dollars-atm-glitch-vice-podcast-2020-4?op=1
No one ever said ATM-code is law. Ethereum code is supposed to be. Code is law is one of their slogans.
Everything that a blockchain does could be handled by a single office computer. The whole reason for the huge, expensive over-head is to put crypto beyond the law. Stuff like this exposes the whole, huge waste of human effort.
It isn’t above law.
Code is the law of the blockchain, his transaction wasn’t reverted, he got caught irl. It’s like saying constitution isn’t law because laws of physics don’t prevent murder.