Quote from: BlockchainRevolution on November 18, 2014, 11:01:38 PM

Quote from: DannyHamilton on November 18, 2014, 10:53:49 PM

Quote from: BlockchainRevolution on November 18, 2014, 10:26:24 PM

isnt distributed trust what the blockchain is all about?

No. The blockchain is a distributed timeserver and mechanism to arrive at consensus on timestamps without trust.

The idea behind Bitcoin is that there is no need to trust any entity or entities. Every full node verifies every transaction and every block for itself rather than trusting what anyone else has to say about it.

I dont see why you say 'no' , since its not at odds with what I said.

You said that distributed trust is what the blockchain is all about.

I said no, because the blockchain is not "all about" "distributed trust". The blockchain is about establishing an agreed timestamp without trust.

Quote from: BlockchainRevolution on November 18, 2014, 11:01:38 PM

You dont have to trust single entities, you trust the decentralized network (and the maths behind it).

Math doesn't require trust, and you don't trust the decntralized network, you verify every transaction and every block for yourself specifically because you don't trust the decentralized network.