> A great example on why 'trust' only works for everything inside the Blockchain only.
Having a “trustless” component at the core of a Blockchain has made us all re-examine the places where we deeply rely on trust for real interaction. It is ironic how “trustless” technology is so apt for scamming if you can trigger peoples desire for wealth at the same time. “You don’t have to trust me” was always a great bait for a victim who takes trust for granted. You just need to say high numbers and people will wire money to you.
Having a “trustless” component at the core of a Blockchain has made us all re-examine the places where we deeply rely on trust for real interaction. It is ironic how “trustless” technology is so apt for scamming if you can trigger peoples desire for wealth at the same time. “You don’t have to trust me” was always a great bait for a victim who takes trust for granted. You just need to say high numbers and people will wire money to you.