TRUSTING A TRUSTLESS NETWORK. The Paradoxes of Trust in Blockchain Technology

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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What is happening to the relationship between trust and money? If you think about trust being a confident relationship with the unknown and you think about situations in context; whether it's high trust where you don't need to know what that person is doing or how that systems works, I struggle with this idea that through blockchain and increased t... See more

And, through programmable trust, cryptonetworks stand to enable human cooperation at a scale that is completely unprecedented. Trust is becoming unbundled, decentralized, and inverted –– instead of flowing top down from institutions to individual people, it is now beginning to emerge bottom up from individuals and software.

-Using blockchains to create more trusted, transparent and verifiable versions of existing processes.