If any etherium smart contract source code is not verified

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If any etherium base blockchain smart contract its source code is not verified on blockchain then also that contract is decentralized and can we able to faith on such contract
May 12 in Blockchain by anonymous
• 120 points
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1 answer to this question.

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To remove the “unverified” label, the human readable source code matching the compiled byte code must be uploaded into the Explorer’s smart contract console if its not available then its a serious issue.

Once we try to decompile bytecode and if we get the below message then it makes it a risky unreliable contract:
-
# Panoramix v4 Oct 2019
# Decompiled source of 0x98AD263a95F1ab1AbFF41F4D44b07c3240251A0a
#
# Let's make the world open source
#
#
# I failed with these:
# - _fallback()
# All the rest is below.
#
#
# No regular functions. That's it.
#

No bullish reasons required for this query.. simply ask contract creator to upload the human readable source code matching the compiled byte code if its not a scam else he is one of the scammers to do fraud with hard earned money of innocent people.

There are scheme by saying everything is run via smart contract and its decentralized but truth is
they are using smart contracts only to place new entries in the system and only for the withdrawal process which is being called off from outside the contract.

The complete scheme is a fraud and people will end up losing money and many will have liability on their head for investing money of their near and dear people.
answered May 12 by Vikas Blockchained

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