Quote:
Originally Posted by BigRedChief
this is just not true.
blockchain does not create or eliminate trust. It merely converts trust from one form to another. While we previously had to trust financial institutions to verify transactions, with the blockchain we have to trust the technology and the peer itself.
Peers can be compromised. There are already rumors of man in the middle exploits being on the cusp of release.
There is no chance in hell block chain will be mainstreamed without an authoritive 3rd party between the transactions and peers.
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The protocol is trustless because its math. Your last statement is false because that’s exactly the reason it IS mainstreaming.