Anyways, if Ethereum really will become Web 3.0, then comparatively speaking I'd say we're not even in the 56k modem era yet.
Anyways, if Ethereum really will become Web 3.0, then comparatively speaking I'd say we're not even in the 56k modem era yet.
Here is a [old] post from the horses mouth https://blog.ethereum.org/2014/07/22/ethereum-and-oracles/
Especially when a cryptocoin includes strong anonymity, betrayal has very low downside since no retribution would be possible. However even if such anonymity is not present, it may not be possible to get retribution if the entity on the other side is (for example) the mafia.
This is a classic example in which a user ran an in-game bank for some time, before making away with all of his clients assets.
but why?! WHY?!
i thought the whole point of this blockchain stuff was that there was no trust in any one entity/group of entities (aside from the chain itself)
as soon as you have "blockchain plus a few trusted people", does that not completely undermine the whole idea?
why not just have a few trusted people?