You are viewing a single comment's thread from:

RE: The blockchain revolution and the end of trust

in #blockchain6 years ago (edited)

And I thought the value of Bitcoin is that now distrusting actors can engage in a partnership or commerce despite their distrust of each other, not because of some new found trust facilitated by the Blockchain, but because they know the Blockchain is tamperproof (more or less) and in any case they can audit the Blockchain and so trust simply does not enter the picture at all. That's the genius: it solves the Byzantine General's problem and the Prisoners' Dilemma; the age old requirement for free trade, trust, is thus taken out of the calculus. Genius!