**Summary:**
Task discusses an article where Nouriel Roubini criticizes Bitcoin, highlighting his past unsupportive comments and lack of acknowledgment of Bitcoin's success. Task emphasizes the issue of trust in traditional institutions like central banks, governments, and social media companies, contrasting them with the trust generated by cryptocurrencies and blockchain technology. He talks about the potential impact of CBDCs and the advantages of decentralized systems in terms of resilience and trust. Task also touches on the lack of trust in the current electoral system and the importance of decentralization in governance models.

**Detailed Article:**
Task starts the episode by addressing an article featuring Nouriel Roubini, known for his unfavorable stance on Bitcoin. Task criticizes Roubini's inability to admit his past misjudgments regarding Bitcoin's potential value and refers to him in a derogatory manner. He dismisses economists, particularly those in academia, questioning their relevance in today's world and expressing his disillusionment with his own academic background. Task highlights Roubini's bearish perspective on Bitcoin and dismisses his opinions due to his consistent negative predictions over the years.

The discussion then shifts to the topic of trust in traditional institutions versus decentralized systems. Task argues that central banks and governments are losing public trust, citing the role of CBDCs in potentially reshaping the financial landscape. He predicts that the introduction of CBDCs could disrupt the banking industry and lead to a loss of trust in centralized entities. Task emphasizes the importance of trust in decentralized systems and contrasts the transparency and reliability of blockchain technology with the secrecy and unpredictability of central institutions.

Furthermore, Task delves into the issue of trust in governance, pointing out the flaws in the current voting systems and media narratives. He advocates for decentralized governance models that prioritize transparency, inclusivity, and independence from external influences. Task highlights the resilience of decentralized systems like Bitcoin, emphasizing the global and diverse network of miners as a testament to its strength and reliability. He asserts that decentralization fosters trust by removing the need for intermediaries and empowering individuals to participate in decision-making processes.

In conclusion, Task reiterates his trust in decentralized technologies and platforms like 3Speak, Hive, and cryptocurrencies, emphasizing their potential to revolutionize trust in governance and media. He encourages his audience to critically evaluate information and form their own opinions, underscoring the importance of decentralization in building trust and resilience in a rapidly changing world. Task closes by expressing his confidence in the decentralized process and the opportunities it presents for redefining trust in traditional institutions.

Academicians speak theories instead of practice and this way they don't inspire trust in anything they are saying. The reality beats the movie so why would anyone listen something like that?

I see others impotent speakers that simply cannot admit when they are wrong, there should be one way to downvote them. They might be looking stupid, but I think they had their own doings and goals in mind and simply enjoy putting others on the wrong paths.

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>It is not about the capabilities of a system, but the trust in it.

Well said and I totally agree. That's why Leo has value and rising continuously, even after the unfortunate even that happened. 

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Trust is a kind of faith. 

How Andreas Antonoupolos once said?
If I could (somehow) rename the Bitcoin network - the very best name for it would be ... **TRUSTNET**

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I don't get Roubini's world view. His parents were Iranian Jews. What the ayatollahs did to the birth country of his parents should've rung a bell. Instead, Roubini became a fan Keynes and thus centralized solutions.

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