[jokoon]

This story really needs an ELI5

[dsacco]

A guy came up with an idea of digital money that doesn't require contracts using "smart contracts", where the code is the law.

The guy went to a bunch of people with the idea and they liked it.

The people talked about it a lot and many more people joined in.

They all pooled their money together to launch this cool money.

Some other guy came over, saw all of this, looked at the code, and used the code to transfer $55M to his wallet.

Arguments about law and contracts ensued.

[djrogers]

That’s all stuff leading up to he hard fork and rollback...