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Blockchain can't fix the problem of lack of trust, where it is trust that is desired. The trustless consensus idea is inherently abstract and paranoid, for bet
by theoh 8y ago
Blockchain can't fix the problem of lack of trust, where it is trust that is desired.
The trustless consensus idea is inherently abstract and paranoid, for better or worse. But life in human society requires constant acts of concrete trust and mutual consideration.
The cypherpunks who invented the blockchain don't seem to have explored the idea taken to its "logical" conclusion of ripping out all trusted entities and (somehow) replacing them with exchange of anonymous cryptographic tokens. The blatant truth is that doing away with trust altogether would paralyse every aspect of civilization.