Skip to main content

Call Blockchain Developers What They Are: Fiduciaries | Bank Think

xxx

The default position in tort law is that it is very difficult to hold software developers liable for the harms their software wreaks. Software licenses — the terms on which people use software — generally disclaim all liability for problems the software causes. In keeping with the tech mantra that it's always better to ask forgiveness than permission, these powerful shields encourage coders to experiment.

This lax liability standard may work when we are talking about sharing music or creating cat videos. It doesn't work so well with money, finance, contracts, property records, medical records, proof of identity

From Call Blockchain Developers What They Are: Fiduciaries | Bank Think

xxx

Comments

Post a Comment

Popular posts from this blog

There is no excuse for not taking cards

So we went to the pub. For lunch. Seven of us. Say £20 per head. £100+ quid. Say £50 quid gross for the pub. Colleague goes to order food and drinks and pay at the bar. Apologetic barmaid comes over to explain that their “card machine” is down, so she can only accept cash. Under normal circumstances I would have simply walked out, feeling it wholly inappropriate to reward such a poorly managed establishment and, as a functioning actor in a capitalist economy, done my duty to depress their lunchtime takings. Here’s what we wanted to say: This is absurd. This is 2016 not 1916. Your card machine is down? Well, so what! Are you seriously telling me that mein host has no mobile phone number capable of registering for PingIt or PayM? That none of the staff or the pub itself have a PayPal account that I can send the money to? That neither the owners nor managers not contingency planners thought to tuck an iZettle behind the bar to use when the clunky and expensive GPRS terminal fails for o...
Post a Comment
Read more