The code is law concept can not survive, does everyone participating in a contract need to be a coder? understand what every bit of code means? If that is the case then where is the everyday people and adoption? We leave them at the mercy of the contract developer and they have to put 100% faith that his code will not harm them in anyway?
Let's all rethink this a bit, code does not come from thin air, someone has to put down the law before the masses follow the law, the same with code do we have to assume the code is flawless, if we do then the whole concept is doomed. Flawless code does not exist, so a contract by design will be working against it's own participants, which makes every single contract illegal and in violation of it's declared/undeclared intent. What is the point of having a development team in the first place? is it not to go back and look at how the code performs and fix it? the other choice would be to keep coming up with code after code from scratch until we find one that is flawless and adopt it without changes, that will never happen because there is no such code. Some would love to see us pursuit this perfect code indefinitely, because they think it's immoral to change anything. One thing everyone does not look at is the fact the code is beta , which means the code is not perfect. Yet they argue for not going back and changing what already happened, just change the future. What if someone finds a bug where they can steal every ether in existence, and they decide to take 50% of all ether for themselves, will you let such a dictator live with you on the same blockchain because you do not want to change the past?