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Vitalik Buterin Worried About ‘Trust Models’ Of Some Bitcoin-Backed Ethereum Tokens

Summary: While the Ethereum community is busy celebrating the mushrooming growth of Bitcoin-pegged ERC20 tokens, Vitalik Buterin is less enthusiastic about them. Buterin is skeptical of the trust models of these assets since they could be possibly held by one centralized party.  Tracy Chen

While the Ethereum community is busy celebrating the mushrooming growth of Bitcoin-pegged ERC20 tokens, Vitalik Buterin is less enthusiastic about them. Buterin is skeptical of the trust models of these assets since they could be possibly held by one centralized party. 

Tracy Chen

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