Viewing a response to: @sorin.cristescu/understanding-blockchain-s-social-impact
Nice post! Although there is a cost in effectiveness and efficiency, i value decentralisation for a higher trust factor. Computational trust is THE invention of blockchain so degrees of decentralisation are a worthy point in discussion. Posted using [Partiko Android](https://partiko.app/referral/bubke)
| author | bubke |
|---|---|
| permlink | bubke-re-sorin-cristescu-understanding-blockchain-s-social-impact-20190420t115112471z |
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"Trust" is the real value. We know how to create "trust" using "trusted third-party" mechanisms, which turned out to be prone to abuse. Blockchain drastically decreases the cost of **demultiplying the 'trusted third-party'**. To the point where having a "trusted fourth party" and a "trusted fifth party", etc. becomes so affordable that "third parties" lose their privileged position ...
| author | sorin.cristescu |
|---|---|
| permlink | re-bubke-bubke-re-sorin-cristescu-understanding-blockchain-s-social-impact-20190420t130928198z |
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i truly love this reply :-) Posted using [Partiko Android](https://partiko.app/referral/bubke)
| author | bubke |
|---|---|
| permlink | bubke-re-sorin-cristescu-re-bubke-bubke-re-sorin-cristescu-understanding-blockchain-s-social-impact-20190420t131745799z |
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