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RE: Utility Theory and why only "Measurably Beneficial Decentralization" matters

in #steem7 years ago

''[Trustless does not exist in practice. Trust minimized does exist in practice. Trustless is a religious phrase rather than practical reality]'' - WRONG. Trust is synonymous with force in any imaginable instance. You know my two mantras :) - ''law is between, code is within'' and ''i trust you only as much as i can make you.''. Trust is very physical and practical thing. As much as ... gravity. Trustless meme started as something very simple - over blockchain network one can transact without the need to trust somebody. I.e. because it is self-ENFORCING , all is within, all is code ... there's no need s.o. to be made to... No need of escrow to provide for simultaneity, or refund, no need of judges to punish the misperformers. I totally disagree on the 'religious' treatment of 'trust' and 'decentralization'. They are engineering specifications, not ideals. They turned into buzzwords but the problem of hollow use is to the hollow users of these terms. Ideology is always a lie.