Wilshire@lemmy.world to Technology@lemmy.worldEnglish · 7 months agoMIT-educated brothers accused of stealing $25 million in cryptocurrency in 12 seconds in Ethereum blockchain schemewww.cbsnews.comexternal-linkmessage-square25fedilinkarrow-up1237arrow-down13
arrow-up1234arrow-down1external-linkMIT-educated brothers accused of stealing $25 million in cryptocurrency in 12 seconds in Ethereum blockchain schemewww.cbsnews.comWilshire@lemmy.world to Technology@lemmy.worldEnglish · 7 months agomessage-square25fedilink
minus-squareNull User ObjectlinkfedilinkEnglisharrow-up25arrow-down1·7 months agoETH abandoned the trustless part. Now you’re supposed to trust the validators. Clearly, you can’t.
minus-squareAggressivelyPassive@feddit.delinkfedilinkEnglisharrow-up20·7 months agoIt was never “trustless”, but trust in the system as a whole. The change you mentioned is more a change of the definition of “system”, since now it’s effectively an oligarchy.
ETH abandoned the trustless part. Now you’re supposed to trust the validators. Clearly, you can’t.
It was never “trustless”, but trust in the system as a whole.
The change you mentioned is more a change of the definition of “system”, since now it’s effectively an oligarchy.