>What blockchain does is shift some of the trust in people and institutions to trust in technology. You need to trust the cryptography, the protocols, the software, the computers and the network. And you need to trust them absolutely, because they’re often single points of failure.
So it is still people and institutions except abstracted into pieces that are more transparent than pre-existing options.
Also it is always hilarious to see the rehashed arguments over and over. First being that necessity of a blockchain is a requirement for successful implementation, and second the complete negation of systems where it actually is a necessity.
So it is still people and institutions except abstracted into pieces that are more transparent than pre-existing options.
Also it is always hilarious to see the rehashed arguments over and over. First being that necessity of a blockchain is a requirement for successful implementation, and second the complete negation of systems where it actually is a necessity.