Blockchain and Trust

2019-02-12 12:25

In his 2008 white paper that first proposed bitcoin, the anonymous Satoshi Nakamoto concluded with: "We have proposed a system for electronic transactions without relying on trust." He was referring to blockchain, the system behind bitcoin cryptocurrency. The circumvention of trust is a great promise, but it's just not true. Yes, bitcoin eliminates certain trusted intermediaries that are inherent in...

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https://www.schneier.com/blog/archives/2019/02/blockchain_and_.html

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