4 ms·
Ethical norms are sufficient in a homogeneous society, but the "trustless" trend has enabled collaboration with ever larger groups of people with reduced need f
by yayitswei 3y ago
Ethical norms are sufficient in a homogeneous society, but the "trustless" trend has enabled collaboration with ever larger groups of people with reduced need for trust. I'm thinking blockchains, cryptography, the stock market, the concept of limited liability, and law itself.
- keiferski 3y agoAh yes, I completely forgot about blockchain. Trustless is a perfect example of what I’m talking about.
- TeMPOraL 3y agoLimited liability is more trusting than trustless. Blockchain and crypto are great examples of the true value of trust, and the true cost of not having it - in fact, Bitcoin gives a way to measure trust in physical unit of kilowatt hours, that is the amount of energy you need to keep burning to replace trust in a system.