1. The assumption that anonymous or pseudonymous identities undermine trust is very… naive and doesn’t consider the fact that many things are considered illegal

1. The assumption that anonymous or pseudonymous identities undermine trust is very… naive and doesn’t consider the fact that many things are considered illegal but shouldn’t be and even if you think they should be, there will always be people that think otherwise. Like participating economically with a relative in an embargoed country for example. 2. Real life legal systems can still be used. Stolen coins can and have be blacklisted by court of law and chainanalysis companies meaning they are frozen immediately at fiat off ramps. Just like would happen with a fungible physical asset like gold. 3. This is 100% true. The thing is one of the problems that is fixed by blockchain based systems is trust. Trust that the source code won’t be changed because of the very pecuniary incentives people keep hating on.