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Ep. 47: Erik Voorhees on Separating State & Money, DAOs and Legal Engineering @ Decentralizing Finance 2023 - A Prospera Builders’ Summit

Stranded Technologies Podcast

CHAPTER

The Case for a Polycentric Pluralistic Common Law

Common law is more like a band-aid. It doesn't try to steer people towards certain behavior, it just tries to fill the gaps when sort of common sense and custom don't work anymore. With smart contracts, you don't really need impartial arbitrators because they execute according to code. So I'd say it's not that code is law. It's like code is better than law. Code actually executes perfectly. That's what open source software is good at. If there are bugs in the code, then there is no need for arbitration. They act as they are written and people can use them if they like how they're written.

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