All people and companies like to interact with trustful people.

Question

All people and companies like to interact with trustful people.

The impact of being truthful is what often drives modern business today. Pitching for something that’s trustLESS (I.e smartcontracts),which is the opposite of trustFULL, doesn’t fit in line with what companies are looking for, or what anyone is looking for, for that matter . Think about it - is your best friend trustFULL or trustless? Would you be friends with him/her if he was trustLESS? Check fucking mate

#blockchain #cryptocurrency #english #link

0

07.09.2023

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M

First, trustless is when you don't need to rely on trust to make sure something will act/operate in a predictable manner. There are trustless things that affects our everyday life, but we never think about it, such as the rotation of the earth and stars. That's why it's possible to calculate when eclipses will occur. Again, trustlessness comes with predictability. If we can calculate exactly how a person will act at a certain point in the future, then we can build a trustless system to interact with that person. Of course, no such thing exists. And there is no way of making existence fully trustless without having all the information and a way to interpret and predict all that data. We can only create pockets of trustlessness. Now, would a company want a trustless system? If it can eliminate the worry about sending/receiving funds/products, then I don't see why they wouldn't want such a system.

0

08.09.2023

Drake · Accepted Answer

Drake

The issue is there is a distinct lack of trust lol. The trust requirements generate immense friction, the purpose of reducing the required trust assumptions is to reduce the friction.. it isn't some binary thing there it is 100% trustless or nothing at all

0

07.09.2023

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All people and companies like to interact with trustful people.

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