Hacker News .hnnew | past | comments | ask | show | jobs | submitlogin

That sounds like extremist individualism. You have to trust someone. The potentially nice thing about cryptocurrency in this regard is that you have more control and transparency about who you're trusting and what they're doing with that trust. But there's still trust involved.


That's seems a little abstract to me. All I can say is, a hard-learned fact for anyone who's followed the crypto scene from the early days is: strangers will take your money if it is at all possible. You do not have the protections you're used to having from society. Trust is a weakness that will be exploited.


> The potentially nice thing about cryptocurrency in this regard is that you have more control and transparency about who you're trusting

No, you don't. That's, like, the exact opposite of the whole model of cryptocurrency, which is trusting an anonymous collection of people.


The model of cryptocurrency is more accurately: trust a majority (50%+) of participants to act in their own financial self-interest.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: