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Trust in my family? of course I need that.

Trust in my civil service? Depends on incentives. I'm lucky to live in a country where they're mostly aligned with the needs of the public, but even so there's a 'drift' in incentives that requires constant correction.

Trust in central banks and elected politicians? Absolutely not, what an absurd proposition. How have groups like that ever earned my trust? Why should I give it unearned? And if the answer is 'If you don't trust them they won't trust you', I already know these groups don't trust me. Nothing I do will change that.

Universal trust might be possible in a zero-privacy, one-social-credit-score-from-cradle-to-grave kind of society where I can know strangers with the same kind of detail I know family members. If that's what you're arguing for good on ya for standing apart from the herd. Personally I'm not for that future because I believe zero-privacy leads to a cultural conservatism that would prevent a lot of the interesting innovations we'd get in a some-privacy society.

But universal trust with privacy? Just trusting strangers because we 'have to'? That reliably becomes a kleptocracy. Why should anyone who advocates for a kleptocracy be trusted?



I mean trust strangers

Without being able to rust the people around you life is untenable. Levels of trust in a society are highly correlated with all sorts of measures of well being (which way causality runs I do not know)

Getting back on topic to crypto currencies: Money builds on this. Money is a web of trust. That is the point, and that is why backed currencies (gold, silver, whatever) are pointless. The point is trust. So it is running against the grain to try to replace trust with technology. With money we are trusting each other and the system. If you are in Zimbabwe, say, or Venezuela, perhaps, where the system is devoid of trust money has little value.




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