Can nodes in Etherium? Or is there a central governing body there which has the power to revert legitimate transactions, just like in traditional systems?

https://levelup.gitconnected.com/how-ethereum-reversed-a-50-...

Oh.

But hey, at least it's an unregulated, informal, ad-hoc process in Etherium with no justice system or oversight to enforce the rights of the little guy.

You do know you just compared ethereum when it was in its bootstrapping phase to now when it has millions of users and projects right?

and you do know a group of people tried to have the same thing done again a few years ago and it failed right?

The DAO hard fork was an exceptional event that occurred in 2015, under very unique circumstances inherent to the world's first smart contract platform experiencing the world's first major smart contract hack, and has not been repeated since.

Ethereum at this point - with seven years of autonomous operation and no repeats of DAO-like hard forks - has proven to be an immutable and credibly neutral settlement layer.

You're pretending that tech is more important than the uses of that tech or the outcomes. Which is doubly ironic because the comment above compared Ethereum to Youtube and Netflix.

The 99.999999999% of use cases for Ethereum (or for Blockchains in general) can be easily handled if not by a single Raspberry Pi, but at least by a modern laptop. Because those use cases are currency speculation, buying useless shit, and asset hoarding.

The remaining arguably useful usecases are an exchange of IOUs.