Post
Topic
Board Serious discussion
Re: Why we trust in cryptocurrencies? (or not?)
by
Holucoin10
on 06/08/2018, 20:24:53 UTC

However, it seems like people trust each other more than it was  10 or 20 years ago.

I'm so in contrast with this statement. Trust is almost becoming an asset nowadays, compared to 10 or 20 years. It is hardly earned or given and most be properly managed. Gone are the days when people drop money for any good or goods purchased in the absence of the seller. Nowadays, the seller dare not try leave his/her goods unkept. Humans gradually got raised to understand the intrinsic value of money.

Fast forward to now, Cryptocurrency is helping regain trust and security in the aspect of finances and economy, using the Blockchain technology. Blockchain systems are designed in a such a way that personal or corporate identities are not used; no trust is offered or needed; and where security and reliability are assured through mathematical functions and code.