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That's a very crafty over-simplification. You can choose to interpret "trustless" literally like it's magic, or you can actual work to understand what blockcha
by davesque 8y ago
That's a very crafty over-simplification. You can choose to interpret "trustless" literally like it's magic, or you can actual work to understand what blockchain advocates mean when they say that. It's "trustless" because you don't have to trust a central authority not to tamper with the data once it's been committed to the ledger, not because there's no need for trust of any kind or at any level.