Saturday, 4 April 2020

For dApps, Cryptos to work, we need to lose trust in our governments??

Disclaimer: I've been trying desperately hard to figure out a usecase for trustless. Am a new researcher to this area.

My main reasoning for basing on government is

  1. if you don't trust a company, you can simply switch to another company. Also they are enforced by rules and government. If they break rules, they will get arrested.
  2. Only governments have the ability to flout the law, because in essence they are the law. So the only other way for citizens to fight back is turn to one thing that the law / government has no control over, a trustless decentralised thing. (blockchain, ether etc...)

If the above 2 arguments is true, then all major applications for blockchain need to be done in countries where citizens don't trust their government and something the government would naturally want to censor.

Perhaps reason why cryptos like Cardano are looking to Africa for their future. People want a secure future and they don't trust their government.

Any ideas or thoughts on this?
Thanks

submitted by /u/sudoming
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source https://www.reddit.com/r/btc/comments/fulxrl/for_dapps_cryptos_to_work_we_need_to_lose_trust/

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