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this post was submitted on 15 May 2024
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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.
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.