Why Blockchain Let’s you Trust Annonymous Strangers 100%

How much do you trust me?

That’s mostly rhetorical as I expect the answer is not a lot, if even at all.

Why would you?

What credential or reason do you have for extending pleasantries to me with respect to any level of trust or understanding? You may have read a couple of my blog posts in the past, or just discovered my writing for the first time, but neither is a strong basis for trusting anything I say or enough to compel you to take any specific action which has the potential to harm you in any way.

That is to say that online trust is impossible.

In the physical world, it is maintained by third parties and intermediaries who ensure what is ours remains ours, what we are due gets paid, and that we are not taken advantage of by unscrupulous actors trying to exploit us.

The most radical leap forward in terms of innovation that blockchain achieves is that it destroys the need for that third party to exist today. Right now we need a bank to ensure that money we are due by someone else reaches our account. They deploy double entry bookkeeping which debits the account of the person who owes you that money and credits your account with it.