You are viewing a single comment's thread from:

RE: 'Code as Law' And its Polarizing Interpretations: What it means for Ethereum and Steem

in #investments8 years ago (edited)

Well....

The reason It took Ethereum Much longer to react because it claimed the mightiest claim of all.. Being able to design Smart-Contracts which is unchangeable, Period. Having pulled in so many investors using that pitch alone would cause second-thoughts and raise question of the integrity of the whole decentralized platform.

All in all the hard-fork was probably the smartest decision, and so was restoring Steem accounts/funds. Being flexible is without a doubt the better solution.

Long story short: Whales took advantage of that and many many trolls were seen with "Code is Law" nonsense.

Sort:  

Yeah, that makes sense. It was a strong claim. I don't see why that raises the question of the entire platform, though. That part still seems a bit dramatic to me. If something absolutely silly were to come up and the core team tried to make changes, they would go largely unsupported and that would be quite obvious.

One still, if nothing else, needs to gain the support of the miners.