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by emschwartz
4331 days ago
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Actually Ethereum requires you to trust the mining pools that make up 51% of the hashing power of the network. Codius allows you to select oracles based on whatever criteria you like -- including using mining. The nodes don't necessarily need to be reputable, you just need them not to collude |
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The "trustlessness" in Bitcoin & Ethereum are conditional on the lack of collusion between miners.
It's particularly jarring to hear people clamor that it's "trustless", confusing the computational security of crypto with the much weaker game-theoretic security of Bitcoin. Marketing I suppose.