Disclaimer

Safety caveats

Security warnings

You are responsible for your own computer security. If your machine is compromised you will lose your WEBs, access to any contracts and maybe more.
You are responsible for your own actions. If you mess something up or break any laws while using this software, it's your fault, and your fault only.
You are responsible for your own karma. Don't be a jerk and respect others.
This software is open source under a GNU Lesser General Public License license.

Legal warning: Disclaimer of Liabilites and Warranties

Short version

The user expressly knows and agrees that the user is using the webchain platform at the user’s sole risk.
The user represents that the user has an adequate understanding of the risks, usage and intricacies of cryptographic tokens and blockchain-based open source software, eth platform and eth.
The user acknowledges and agrees that, to the fullest extent permitted by any applicable law, the disclaimers of liability contained herein apply to any and all damages or injury whatsoever caused by or related to risks of, use of, or inability to use webchain platform under any cause or action whatsoever of any kind in any jurisdiction, including, without limitation, actions for breach of warranty, breach of contract or tort (including negligence) and that neither stiftung webchain nor the webchain team shall be liable for any indirect, incidental, special, exemplary or consequential damages, including for loss of profits, goodwill or data.
Some jurisdictions do not allow the exclusion of certain warranties or the limitation or exclusion of liability for certain types of damages. therefore, some of the above limitations in this section may not apply to a user. In particular, nothing in these terms shall affect the statutory rights of any user or exclude injury arising from any willful misconduct or fraud of stiftung webchain.

Long Version: Terms and Conditions

The following Terms and Conditions (“Terms”) govern the use of the Webchain open source software platform (“Webchain Platform”). Prior to any use of the Webchain Platform, the User confirms to understand and expressly agrees to all of the Terms. All capitalized terms in this agreement will be given the same effect and meaning as in the Terms. The group of developers and other personnel that is now, or will be, employed by, or contracted with, Stiftung Webchain (“Stiftung Webchain”) is termed the “Webchain Team.” The Platform will be developed by persons and entities who support Webchain, including both volunteers and developers who are paid by nonprofit entities interested in supporting the Webchain Platform.

The user acknowledges the following serious risks to any use the Webchain Platform and ETH and expressly agrees not to hold liable Webchain Stiftung or Webchain Team should any of these risks occur:

Risk of Regulatory Actions in One or More Jurisdictions

The Webchain Platform and ETH could be impacted by one or more regulatory inquiries or regulatory action, which could impede or limit the ability of Stiftung Webchain to continue to develop the Webchain Platform, or which could impeded or limit the ability of User to use Webchain Platform or ETH.

Risk of Alternative, Unofficial Webchain Networks

It is possible that alternative Webchain-based networks could be established, which utilize the same open source source code and open source protocol underlying the Webchain Platform. The Webchain network may compete with these alternative Webchain-based networks, which could potentially negatively impact the Webchain Platform and ETH.

Risk of Insufficient Interest in the Webchain Platform or Distributed Applications

It is possible that the Webchain Platform will not be used by a large number of external businesses, individuals, and other organizations and that there will be limited public interest in the creation and development of distributed applications. Such a lack of interest could impact the development of the Webchain Platform and potential uses of ETH. It cannot predict the success of its own development efforts or the efforts of other third parties.

Risk that the Webchain Platform, As Developed, Will Not Meet the Expectations of User

The User recognizes that the Webchain Platform is under development and may undergo significant changes before release. User acknowledges that any expectations regarding the form and functionality of the Webchain Platform held by the User may not be met upon release of the Webchain Platform, for any number of reasons including a change in the design and implementation plans and execution of the implementation of the Webchain Platform.

Risk of Security Weaknesses in the Webchain Platform Core Infrastructure Software

The Webchain Platform rests on open-source software, and there is a risk that the Webchain Stiftung or the Webchain Team, or other third parties not directly affiliated with the Stiftung Webchain, may introduce weaknesses or bugs into the core infrastructural elements of the Webchain Platform causing the system to lose ETH stored in one or more User accounts or other accounts or lose sums of other valued tokens issued on the Webchain Platform.

Risk of Weaknesses or Exploitable Breakthroughs in the Field of Cryptography

Cryptography is an art, not a science. And the state of the art can advance over time Advances in code cracking, or technical advances such as the development of quantum computers, could present risks to cryptocurrencies and the Webchain Platform, which could result in the theft or loss of ETH. To the extent possible, Stiftung Webchain intends to update the protocol underlying the Webchain Platform to account for any advances in cryptography and to incorporate additional security measures, but cannot it cannot predict the future of cryptography or the success of any future security updates.

Risk of WEB Mining Attacks

As with other cryptocurrencies, the blockchain used for the Webchain Platform is susceptible to mining attacks, including but not limited to double-spend attacks, majority mining power attacks, “selfish-mining” attacks, and race condition attacks. Any successful attacks present a risk to the Webchain Platform, expected proper execution and sequencing of ETH transactions, and expected proper execution and sequencing of contract computations. Despite the efforts of the Webchain Stiftung and Team, known or novel mining attacks may be successful.

Risk of Rapid Adoption and Increased Demand

If the Webchain Platform is rapidly adopted, the demand for ETH could rise dramatically and at a pace that exceeds the rate with which ETH miners can create new ETH tokens. Under such a scenario, the entire Webchain Platform could become destabilized, due to the increased cost of running distributed applications. In turn, this could dampen interest in the Webchain Platform and ETH. Instability in the demand of for ETH may lead to a negative change of the economical parameters of an Webchain based business which could result in the business being unable to continue to operate economically or to cease operation.

Risk of Rapid Adoption and Insufficiency of Computational Application Processing Power on the Webchain Platform

If the Webchain Platform is rapidly adopted, the demand for transaction processing and distributed application computations could rise dramatically and at a pace that exceeds the rate with which ETH miners can bring online additional mining power. Under such a scenario, the entire Webchain Platform could become destabilized, due to the increased cost of running distributed applications. In turn, this could dampen interest in the Webchain Platform and ETH. Insufficiency of computational resources and an associated rise in the price of ETH could result in businesses being unable to acquire scarce computational resources to run their distributed applications. This would represent revenue losses to businesses or worst case, cause businesses to cease operations because such operations have become uneconomical due to distortions in the crypto-economy.

Acknowledgment, Acceptance of all Risks and Disclaimer of Warranties and Liabilities THE USER EXPRESSLY KNOWS AND AGREES THAT THE USER IS USING THE WEBCHAIN PLATFORM AT THE USER’S SOLE RISK. THE USER REPRESENTS THAT THE USER HAS AN ADEQUATE UNDERSTANDING OF THE RISKS, USAGE AND INTRICACIES OF CRYPTOGRAPHIC TOKENS AND BLOCKCHAIN-BASED OPEN SOURCE SOFTWARE, ETH PLATFORM AND ETH. THE USER ACKNOWLEDGES AND AGREES THAT, TO THE FULLEST EXTENT PERMITTED BY ANY APPLICABLE LAW, THE DISCLAIMERS OF LIABILITY CONTAINED HEREIN APPLY TO ANY AND ALL DAMAGES OR INJURY WHATSOEVER CAUSED BY OR RELATED TO RISKS OF, USE OF, OR INABILITY TO USE, ETH OR THE WEBCHAIN PLATFORM UNDER ANY CAUSE OR ACTION WHATSOEVER OF ANY KIND IN ANY JURISDICTION, INCLUDING, WITHOUT LIMITATION, ACTIONS FOR BREACH OF WARRANTY, BREACH OF CONTRACT OR TORT (INCLUDING NEGLIGENCE) AND THAT NEITHER STIFTUNG WEBCHAIN NOR WEBCHAIN TEAM SHALL BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, EXEMPLARY OR CONSEQUENTIAL DAMAGES, INCLUDING FOR LOSS OF PROFITS, GOODWILL OR DATA. SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OF CERTAIN WARRANTIES OR THE LIMITATION OR EXCLUSION OF LIABILITY FOR CERTAIN TYPES OF DAMAGES. THEREFORE, SOME OF THE ABOVE LIMITATIONS IN THIS SECTION MAY NOT APPLY TO A USER. IN PARTICULAR, NOTHING IN THESE TERMS SHALL AFFECT THE STATUTORY RIGHTS OF ANY USER OR EXCLUDE INJURY ARISING FROM ANY WILLFUL MISCONDUCT OR FRAUD OF STIFTUNG WEBCHAIN.

Dispute Resolution

All disputes or claims arising out of, relating to, or in connection with the Terms, the breach thereof, or use of the Webchain Platform shall be finally settled under the Rules of Arbitration of the International Chamber of Commerce by one or more arbitrators appointed in accordance with said Rules. All claims between the parties relating to these Terms that are capable of being resolved by arbitration, whether sounding in contract, tort, or otherwise, shall be submitted to ICC arbitration. Prior to commencing arbitration, the parties have a duty to negotiate in good faith and attempt to resolve their dispute in a manner other than by submission to ICC arbitration. The arbitration panel shall consist of one arbitrator only, unless the ICC Court of Arbitration determines that the dispute is such as to warrant three arbitrators. If the Court determines that one arbitrator is sufficient, then such arbitrator shall be Swiss resident. If the Court determines that three arbitrators are necessary, then each party shall have 30 days to nominate an arbitrator of its choice -- in the case of the Claimant, measured from receipt of notification of the ICC Court’s decision to have three arbitrators; in the case of Respondent, measured from receipt of notification of Claimant’s nomination. All nominations must be Swiss resident. If a party fails to nominate an arbitrator, the Court will do so. The Court shall also appoint the chairman. All arbitrators shall be and remain “independent” of the parties involved in the arbitration. The place of arbitration shall be Zug, Switzerland. The language of the arbitration shall be English. In deciding the merits of the dispute, the tribunal shall apply the laws of Switzerland and any discovery shall be limited and shall not involve any depositions or any other examinations outside of a formal hearing. The tribunal shall not assume the powers of amiable compositeur or decide the case ex aequo et bono. In the final award, the tribunal shall fix the costs of the arbitration and decide which of the parties shall bear such costs in what proportion. Every award shall be binding on the parties. The parties undertake to carry out the award without delay and waive their right to any form of recourse against the award in so far as such waiver can validly be made.