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I’m not very well versed in crypto so I apologize if this is off-base. Are you saying that “working as advertised” means that a crypto blockchain is adjustable

I’m not very well versed in crypto so I apologize if this is off-base. Are you saying that “working as advertised” means that a crypto blockchain is adjustable by a centralized authority?

wilonth 4y ago
Solana programs have a "final" flag that could be turned on to make it immutable. This project doesn't have it turned on so it's open to update.
- weego 4y ago
  In short, yes.
  - lima 4y ago
    Actually... no. Solana has no central authorities. Solend is an individual application running on Solana.
im3w1l 4y ago
The blockchain itself remained append only. No authority went in and rewrote history. A contract running on top of the blockchain was updated in accordance with its own predefined governance rules. This is an advertised feature of the blockchain. Those governance rules the contract chose were arguably too loose.
gruez 4y ago
>Are you saying that “working as advertised” means that a crypto blockchain is adjustable by a centralized authority? It's changeable by anyone/group that has 1% of the votes. Calling that "centralized" seems like a reach.