As a lawyer for 35 years, code is not law. You can agree by contract to be governed by "code" or a legislature could make code law but without such agreement or legislation, code is not law. Moreover as the Indexed Finance case indicates, "code is law" advocates frequently decide that they need "Law" to be law. Even the DAO hacker threatened legal action (although not clear if it was the actual DAO hacker): http://trilema.com/2016/to-the-dao-and-the-ethereum-community-fuck-you/
Not sure if you're familiar with the Indexed Finance exploit from last year and the subsequent legal battle. But that's one case study for "code is law" potentially being trialed in Canadian courts pretty soon.
As a lawyer for 35 years, code is not law. You can agree by contract to be governed by "code" or a legislature could make code law but without such agreement or legislation, code is not law. Moreover as the Indexed Finance case indicates, "code is law" advocates frequently decide that they need "Law" to be law. Even the DAO hacker threatened legal action (although not clear if it was the actual DAO hacker): http://trilema.com/2016/to-the-dao-and-the-ethereum-community-fuck-you/
Thanks for chiming in and yep all of this makes total sense to me :)
Not sure if you're familiar with the Indexed Finance exploit from last year and the subsequent legal battle. But that's one case study for "code is law" potentially being trialed in Canadian courts pretty soon.