TRUSTED VS TRUSTLESS : THE ROLE OF TRUST IN THE MEANS OF EXCHANGE OPERATION
▻https://hackernoon.com/trusted-vs-trustless-the-role-of-trust-in-the-operation-of-means-of-exch
‘Trustless’ has become a rallying cry for #bitcoin evangelists, focusing public attention on the fact that Bitcoin enables P2P transactions without the participation of a trusted third party acting as an intermediary.Bitcoin makes it possible to conduct money transfers without intermediaries. Intermediaries who could otherwise gain control over funds in a transaction, censor transactions or act as points of failure. Does this give grounds to assert that Bitcoin and other cryptocurrencies are a form of money that does not require trust? Is it possible to completely eliminate trust from monetary relations, and is there even a need to? This article is devoted to the study of the role of trust in monetary transactions (including cryptocurrencies), and its main conclusion is that this role is (...)