Code Is Law - Transaction Finality - Immutability


#1

I feel this text must be reread by many who’ve lost sight of what the phrase really means.

Code is Law - Transaction Finality

We believe the core value proposition of any blockchain is immutability; valid transactions can never be erased or forgotten. Individuals interacting on Ethereum Classic are governed by this reality; Code is Law .

This does not necessarily mean that code replaces existing laws, or that only code is law (there are many geographical jurisdictions), but it gives users the opportunity to enter into a new blockchain-based jurisdiction where agreements are governed by code.

By entering into contracts on Ethereum Classic, you can be certain that the network remains neutral. The outcome of transactions will be dictated by code you voluntarily interact with. Unless explicitly defined by the contract code, there are no reversals, no undos, no opt-outs.

Transactions are final; applications are unstoppable.


Written by @arvicco moved to forum by @ClassicIsComing


#2

Good reminder, we need to keep this in mind at all time. Other people are always trying to relativize everything. “Finality” means “final”, there it is an absolute.