Just to have it said:

Python's compiler was never intended to "protect" software. It is a relatively simple bytecode compiler. Roughly speaking, the compilation process translates the written text into "bytecode" which can then be executed faster by the interpreter. The "compiled" script does not have to be parsed and translated first. The bytecode allows the whole thing to be processed using a simple jump table (yes, that's a simplyfied description).

This means that the bytecodes can be translated back to text without any problems. This is also described somewhere in the Python documentation. Including the hint that compiling does not mean "protection" :)

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