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Some questions: 1. Why is trustless computing important? 2. What does trustless computing allow us to do that we can't/won't do now at a comparable or lesser
by workthrowaway27 9y ago
Some questions:
1. Why is trustless computing important?
2. What does trustless computing allow us to do that we can't/won't do now at a comparable or lesser cost?
3. What evidence do you have that anyone cares about trustless computing other than the price of bitcoin and other cryptocurrencies?
- 0xCMP 9y ago1. Removing the central party was always key for making a system that could benefit everyone and not create rules that favored the powerful. Your question is phrased such that it’s talking about trustless computing as a whole so it can be applied to things such as creating a true and verifiably secure direct democratic system that everyone can trust and understand given some level of tech knowledge. 2. To establish a system of trust requires physical secuirty, political power, and financial resources that make this kind of computing only possible for the rich and powerful unless it’s already in their interest. 3. Price is an excellent indicator and the fact that we see coins being created means there’s innovation around it, but excluding those I think the best place to look is before there was a financial motive and look at the crypto punk movements and those who’d been trying to do trustless computing since the 90s in order to use technology to make society more fair and democratic.