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Of course you need a trust anchor. How would would it work otherwise?! If you can come up with a system where we could just all imagine up the same blockchain code, parameters, and have the code magically appear on our machines to run, that would be cool, but seems not really possible to me? OTOH, what you can do with bitcoin and other cryptocurrencies, is download the code, review it, see if you agree to the rules laid out in the code, and if so, run it, and participate. If you don't have the technical knowledge to do this, like 99.99% of people, you can delegate that trust of verifying and explaining it, to someone of your choosing. No-one is expecting on-chain ledgers to solve off-chain trust. What they can do is make the process more transperant, more decentralized, and give people a much wider choice. You might look at this as competition. Alternatively you might sit on hn and hope to get a job in ad-tech. |