> “trust in institutions controlled by humans and bound by established laws and rules is instead replaced — by unconditional trust in the infallibility of code“

> “trust in institutions controlled by humans and bound by established laws and rules is instead replaced — by unconditional trust in the infallibility of code“ No, it’s not just trust in code, you’re also trusting the people that wrote the crypto coin client apps and operate the crypto exchanges. Sketchy crypto apps and exchanges already have made off with clients’ coins. That’s not a blockchain vulnerability, rather that’s a vulnerability in every market where you transact through brokers - you’re implicitly trusting your brokers. A Blockchain is just a linked list of records with accumulative crypto signatures, which gives a you a crypto-verifiable indelible ledger. To make it a trusted financial ledger you just need to have trust in everyone involved between the finance clients and the ledger.