[throwaway2016a]

> he part of trust you are taking away is not between people, but towards the ability of the State to issue money and regulate its value.

Not 100% complete. You are also taking away the requirement that the seller trust the buyer. Assuming of course that both the buyer and the seller are willing to wait for the transaction to clear before delivering the product.

You are correct though, that it does not take away the need for the buyer to trust the seller.

[abhisharm]

Unless and until the asset and entire supply chain you are using is also somehow trustless, which I admit is contrived, but also interesting to think about.