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Abstractly, I do not see how, economically, devolving trust can reduce cost. You pay for trust either to a third party as now or you pay it to the network verif
by pishpash 9y ago
Abstractly, I do not see how, economically, devolving trust can reduce cost. You pay for trust either to a third party as now or you pay it to the network verifiers. Somewhere there is a cost.
Now, keeping all records digitally and openly accessible, and having automated processes to replace human processes, that can certainly reduce cost, but it's a business process change and orthogonal to the blockchain.