[htkibar]

Trusting an entity is different than trusting the specific process / people within it etc. not to mention being able to create an ecosystem.

Crypto by this point is a type of platform so to speak. Actions are verifiable; and of course you need to interact with the real world. However; this doesn’t mean you have to say fuck it; just trust fully.

If we can limit the parts we need to trust; idea of auditing / verifying etc. also becomes easier. I no longer need to trust what the bank will do to let me have a transaction for example; even though I may need to trust them to verify my ID. Off the top of my head, “Are they being racist about giving me a loan?” becomes as simple as “can I get onboarded without prejudice (obviously need auditing) and is their system to allow me to get a loan look at my race (verifiable based on code.).”

I know it is popular to hate on this at the moment however as far as democratising finance and access to it goes crypto is a marvellous tool. Both sides just need to realise that the correct answer is a combination of two worlds, not either or.