The Economic Trust

in #trust2 years ago

The economic idea of "Trust" is, practically speaking in our current financial systems, our best project in replicating the objective value of things
you see that fiat currencies, international trade and global industries run massively on trust
Because of how enormous our world is, how numerous our currencies are, even tho the currency project is an experiment to stabilize and universalize the idea of value with currency, all of these streamlines and financial optimizations still run into the same problems that they did in past times
the differences in belief of value, and the different perceptions of values quantity/quality
So Trust attempts to become this abstract Level 0 to rectify that
We will all simply believe, in a kind of gentlemen's agreement, that the things we trade and exchange, buy and sell, all have a value, that we all accept as present and real
and we go further with establishing a categorization of these values

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