While I do believe increasing reliance on 'trustless economy'-enabling concepts, I can't help but wonder how feasible, and by extent how constructive, the idea of thinking in terms of a big paradigm shift is in this regard.
Yes, bitcoin might be a nice pocket of 'trustless economy', but any practical use inevitably requires trust. There's the hardware, the OS/software, the ISP's, the exchanges, etc., that all, to a greater or lesser extend, require trust.
Now Snowden clearly exposed that this trust is not deserved, and that's a problem. But while working on increasing this 'trustless economy' is a worthy goal, I can't help but feel that the best approach is to both work at increasing trust where it can't be avoided, and decrease the need for it where possible.
But perhaps that's too defeatist. I'm following developments in this area with great interest!
Yes, bitcoin might be a nice pocket of 'trustless economy', but any practical use inevitably requires trust. There's the hardware, the OS/software, the ISP's, the exchanges, etc., that all, to a greater or lesser extend, require trust.
Now Snowden clearly exposed that this trust is not deserved, and that's a problem. But while working on increasing this 'trustless economy' is a worthy goal, I can't help but feel that the best approach is to both work at increasing trust where it can't be avoided, and decrease the need for it where possible.
But perhaps that's too defeatist. I'm following developments in this area with great interest!