To critique a suggestion as insane invites the same type of critique. It could also be called insane to suggest that any system is 'trustless'. Or maybe it is just plain amusing that a system could require no trust.
Is Bitcoin not based on a theoretical framework, too?
Does the money system we are to use but not trust based on 'values'?
Is this a religion or a money system?
So by trustless I mean my node doesn't need to trust what your node is sending to me. I can validate it on own, meaning it is a trustless system.
No bitcoin based on a protocol that is built and working, no theory behind it. If your talking about crypto-functions do some research. The addresses are nothing more than private public key, the bread and butter of internet commerce since about 1996 probably earlier.
This is a money system, that a lot of people are passionate about.