gottagetmac
Joined 14 years ago
Joined 14 years ago
http://fusion.net/modern_life/story/ethereum-bitcoin-currenc...
To put it in HN terms, suppose I were to say "It's pretty sad that we can no longer look at assembly code to understand what our computer programs will do. Instead we need to pay software engineers to tell us how they work even when it's doing something simple, like running a search engine."
I agree, though, that there's a Shelly v. Kraemer type argument that could be made against the enforceability of contracts limiting freedom of speech in certain ways.
I also think this narrow view has made you jump to a much stronger conclusion than is warranted. At least one scholar has considered whether the First Amendment could be interpreted to require that contracts of silence be unenforceable. http://www.lawschool.cornell.edu/research/cornell-law-review...
In this case you happen to be mostly right, but don't assume you can understand the contours of First Amendment law just by looking at the text. There is a vast apparatus that has been built around the First Amendment, little of which is deducible from the constitutional text alone.
The funny part here is that you read this and actually agreed with Startup Guy for almost all of it. (From the rest of the comments it seems like a lot of HN did). That's part of his point, I guess.
We also couldn’t have been sure that a method that could recover $10 would be able to recover $12,000. Bots won’t bother to snipe opportunities that are too small (they have to put a little money at risk to even try).
Finally, there was a nagging worry that demonstrating this kind of transaction for the bots could “teach” them to look for this opportunity, which could lead them to this money even before we tried to pick it up (since they could scan the blockchain for it). I had heard that these bots sometimes used recent transactions as “hints” to look for new profit opportunities. It sounded like a wild idea, but all of this was pretty wild.