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I think the case is made by Bruce that the whole concept of decentralised trust is an oxymoron. In the end you do trust the code, a computer running the code o
by louwrentius 6y ago
I think the case is made by Bruce that the whole concept of decentralised trust is an oxymoron.
In the end you do trust the code, a computer running the code or some currency exchange.
- menzoic 6y agoYou trust a decentralized network of computers running code, not just a single one, that's the main point. There's both centralized and decentralized exchanges available.
- asjw 6y agoA bank is not a single entity, it's made of people converging after reaching consensus There are a lot of banks, with different interests that usually compete with each other and work under regulations that have been discussed and approved after reaching consensus There are several different central banks, that work together under regulations discussed and approved because they reached consensus The "decentralised" exchange already exists