added by Marcel Mairhofer and · updated 2y ago
Web 3.0 and the Future of Trust
- 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.
from Web 3.0 and the Future of Trust by Ali Yahya
Marcel Mairhofer added 2y ago
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.
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The problem today is that institutions have become the sole gatekeepers of trust. We are stfrom Web 3.0 and the Future of Trust by Ali Yahya
Marcel Mairhofer added 2y ago