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I'm not equating government trust and blockchain trust in the strict sense. I'm saying they're both forms of trust. You're saying trust isn't a feature of the
by mgummelt 8y ago
I'm not equating government trust and blockchain trust in the strict sense. I'm saying they're both forms of trust.
You're saying trust isn't a feature of the blockchain, seemingly based on the fact that users no longer have to trust central authorities. But the only reason this is possible is because users can trust the blockchain instead. So how is trust not a feature?
- dperfect 8y agoTrust isn't a feature in the way a16z describes: "Blockchain computers are new types of computers where the unique capability is trust between users, developers, and the platform itself." So yes, maybe blockchains require a certain level of trust in the technology (and decentralization) to be useful, but they certainly don't give rise to trust between users or developers. I know that's not what you were claiming - I'm just pointing out that blockchain tech doesn't magically create trust between strangers (nor is that its intention). Still, it does allow transactions to happen between untrusted parties as long as both of those parties have a basic level of confidence - or trust as you say - in the assumptions built into the blockchain.