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Earlier quoted context omitted.
If they used Oraclize (secured by TLSNotary), impossible to forge any data, it would be as authentic as Poloniex/Kraken's APIs say it is.
so it means trusting Poloniex/Kraken's API, so not decentralized and trustless.
Earlier quoted context omitted.
From the intro: >Etheropt has no owner. Its entire operation is described and executed by an Ethereum smart contract.
That smart contract was written by a person and they should realize that there might be legal repercussions in the US at least. I have a great interest in this space (I started a failed cryptocurrency options exchange myself) and I hope that it blossoms. I would like to see regular puts and calls instead of binary options, the latter is ill-suited for hedging and really just a speculative instrument.
And also, what if someone publish the code of someone else, who is responsible then ?