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How can you write an article on blockchains without using the word "trustless"?
by rebuilder 10y ago
How can you write an article on blockchains without using the word "trustless"?
- schoen 10y agoWell, Satoshi Nakamoto did: https://bitcoin.org/bitcoin.pdf https://bitcoin.org/bitcoin.pdf
- andresgottlieb 10y agoRead the conclusion.. He says: "without relying on trust" == trustless
- schoen 10y agoIt feels like a buzzword to me in this context and I don't think this exact term has to be used to be useful. I'd agree that it would be helpful to talk about the distinctive goal of trustlessness/letting people who don't trust each other reach consensus/not having to rely on a central arbiter/reaching consensus under conditions of not knowing who the other participants are/etc.
- rebuilder 10y agoI think ii is imperative to note that adversarial environments are what blockchains are useful for. They're not particularly efficient as a means of storing data, so if you can trust and/or rely on suing your counterparties, you don't want to conduct your business on a blockchain. Yet the blockchain hype seems to be much about banks setting up their own chains etc, which is complete nonsense as that would be little different from a regular database.
- schoen 10y agoTotally agreed.
- kobeya 10y agoWhy? "trustless" is the whole point of the endeavor. Why avoid the term?
- rebuilder 10y agoThat was my point.
- tveita 10y agoI'd say 'trustless' applies more to the users and community than the technology itself.