this post was submitted on 13 Nov 2024
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Is it easier to establish a source of trust? With blockchain trust lies in the protocol and in the node operators who make decisions about how to operate their nodes. Running a node isn't extremely difficult. Running a financial institution is difficult.
Well, sure, now you have a currency that doesn't rely on trust
...now what? How are you going to spend that currency if you don't trust anyone? How will you ensure you get what you bought? How will your property get protected? Hell, how do you get others to agree that your crypto is the one they should use?
It's trust all the way down. Removing it from one small part of the chain isn't going to fundamentally change things