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MIT-educated brothers accused of stealing $25 million in cryptocurrency in 12 seconds in Ethereum blockchain scheme (www.cbsnews.com)

submitted 5 months ago by Wilshire@lemmy.world to c/technology@lemmy.world

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[–] xep@kbin.social 69 points 5 months ago* (last edited 5 months ago) (1 children)

But Code is Law! It's decentralized and trustless, I'm really disappointed with the victims for going to big government, with cryptocurrency there's no need for government, lawyers, or banks. The blockchain clearly already decided that the ETH belongs to the two brothers.

[–] nulluser@programming.dev 23 points 5 months ago (1 children)

ETH abandoned the trustless part. Now you're supposed to trust the validators. Clearly, you can't.

[–] agressivelyPassive@feddit.de 20 points 5 months ago

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.