> Many real world systems are "nearly trustless"… > But in the 99%+ of times you're in the happy path, economic transactions occur based on autonomous rules en

> Many real world systems are "nearly trustless"… > But in the 99%+ of times you're in the happy path, economic transactions occur based on autonomous rules encoded in software. In the happy path, people just “trust” that the system works; that the merchant and cc company transact properly, that cc company and bank work together, that the software underpinning all this is tested and has no errors, that the bank and cc company can help in disputes of fraud from the merchant… It’s actually based on a lot more trust than the normal person realizes and polar opposite to nearly trustless.