"Code as law" was attempted as a defense in another token-related "hacking" case.
It didn't work there, and it won't work here either.
If you end up using the legal system to remediate undesired transactions, what's the point of cryptocurrencies in the first place?
That is a philosophical argument completely unrelated to whether or not something is illegal. Cryptocurrencies aren't a replacement for the law, nor do they stand outside of it.
I feel like the current state of affairs is a consequence of mixing real money systems with crypto and then making it easy to invest in.
Because it sure looks like they intended for “code is law” to be the case. Many of the oft cited use cases were to circumvent traditional systems.
> That is a philosophical argument completely unrelated to whether or not something is illegal.
Most comments saying that cryptocurrency holders should abide by "code is law", are not actually saying that we should abide by "code is law" and abandon the legal system.
It's a classic argument to show that the purported benefits of cryptocurrency are a farce.