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> It is a very inefficiently designed public ledger governed by a highly centralized group of developers who can change it on a whim. But they can't just chang
by heptathorp 9y ago
> It is a very inefficiently designed public ledger governed by a highly centralized group of developers who can change it on a whim.
But they can't just change it without the network going along with the change. And, after all, it is the network who decides what the code does in the first place by running the same protocol.
It's still a system governed by consensus. The network came to a consensus that it wasn't how the contract should have executed.