Trustless Crypto Debate
The cluster centers on debates about whether cryptocurrencies and blockchains are truly 'trustless,' or if they merely redistribute or require trust in systems, code, math, or networks instead of centralized authorities.
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I thought crypto was about solving a LACK of trust?
That sounds like a lot of trust to put on someone in a “trustless” system
It's not entirely trustless. You trust the security of the system.
So, trustless system is not trustworthy?
What are you not trusting that the blockchain is going to fix?
Read the conclusion.. He says: "without relying on trust" == trustless
People are hyped about Bitcoins being trustless? That sounds wrong.
What is meant by "trustless" here?
That sounds like extremist individualism. You have to trust someone. The potentially nice thing about cryptocurrency in this regard is that you have more control and transparency about who you're trusting and what they're doing with that trust. But there's still trust involved.
interesting decentralising primitive since fiat currency basically "is" trust.