Technology

59605 readers

4202 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

232

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

submitted 6 months ago by Wilshire@lemmy.world to c/technology@lemmy.world

25 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] xep@kbin.social 69 points 6 months ago* (last edited 6 months ago) (2 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 6 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 6 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.