BBC World Service - The Compass, Money, Money, Money, Money, money, money: Trust

“Trustless trust”, as an expression, conveys a trait of blockchain being inimical to trust, when in fact it is the contrary. Not only does blockchain thrive on trust, it is able to “generate” trust in circumstances where there is none, such as impersonal cases brought about by the scale of a network typically found in collaborative transactions don... See more

Collapse in institutional trust: Whether you’re here as a missionary or a mercenary, you’ll find that one of the primary unifying forces behind this movement is the belief that decentralized technologies with embedded financial incentives (a good shorthand for Web3) offer a compelling, often lucrative, alternative to our decaying legacy institution... See more

In the past, trust was purely social (think the caveman days). Then it switched to trusted institutions (banks, governments, companies) which was a step up, but we still had to rely on the other parties goodwill, or their incentive to behave in the right way.
The problem today is that institutions have become the sole gatekeepers of trust. We are st

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