Definitely agreed. High-trust societies can be much more efficient than low-trust societies, as the cost of double-checking somebody else's work is paid at eve

Definitely agreed. High-trust societies can be much more efficient than low-trust societies, as the cost of double-checking somebody else's work is paid at every level. When blockchain is described as "trust-less", that is an accurate statement, but is placed on the wrong side of the pro/con chart. Blockchain doesn't provide a method by which to trust people. Blockchain dives headfirst into a low-trust society and keeps digging, paying the inefficiency cost the entire way. To add more weight to this being propaganda divorced from the reality of the system, the abstract mentions a positive impact on the environment, which is a laughable claim.