You are viewing a single thread.
View all comments View context
-1 points

Is it easier to establish a source of trust? With blockchain trust lies in the protocol and in the node operators who make decisions about how to operate their nodes. Running a node isn’t extremely difficult. Running a financial institution is difficult.

permalink
report
parent
reply
10 points

Well, sure, now you have a currency that doesn’t rely on trust

…now what? How are you going to spend that currency if you don’t trust anyone? How will you ensure you get what you bought? How will your property get protected? Hell, how do you get others to agree that your crypto is the one they should use?

It’s trust all the way down. Removing it from one small part of the chain isn’t going to fundamentally change things

permalink
report
parent
reply

People Twitter

!whitepeopletwitter@sh.itjust.works

Create post

People tweeting stuff. We allow tweets from anyone.

RULES:

  1. Mark NSFW content.
  2. No doxxing people.
  3. Must be a tweet or similar
  4. No bullying or international politcs
  5. Be excellent to each other.

Community stats

  • 9.9K

    Monthly active users

  • 739

    Posts

  • 17K

    Comments