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Using that logic, centralized systems have zero trust since single parties own 100% of the networks.
by hanniabu 9y ago
Using that logic, centralized systems have zero trust since single parties own 100% of the networks.
- madeofpalk 9y agoComplete opposite - A centralised system requires you to trust the single party operating it, but that's super transparent. Either you trust it or you don't, but it's clear what you're getting yourself into. Meanwhile, blockchain networks advocate a functional network that doesn't require trust - it's kind of predicated on the fact that you _can't_ trust anyone. But if a single party obtains 51% power, you have to trust them anyway. If you're going to require trust, you may as well just do away with the whole complicated setup and be explicit about it.