BBC World Service - The Compass, Money, Money, Money, Money, money, money: Trust
The Compassbbc.co.uk
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BBC World Service - The Compass, Money, Money, Money, Money, money, money: Trust
We do not trust the stranger, or the next-door neighbour – we trust the coin they hold. If they run out of coins, we run out of trust. As money brings down the dams of community, religion and state, the world is in danger of becoming one big and rather heartless marketplace.
Yuval Noah Harari • Sapiens
Money has an even darker side. For although money builds universal trust between strangers, this trust is invested not in humans, communities or sacred values, but in money itself and in the impersonal systems that back it.
Yuval Noah Harari • Sapiens
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
Ali Yahya • Web 3.0 and the Future of Trust
What if, instead of relying on an fallible centralized authority to assure us of who has what, we rely on distributed authority that isn’t controlled by a single party? What if our money has value, not because we trust the power of a government to back it, but because we trust the power of math?