Far East Capital Newsletter
Bitcoin and blockchain - just some thoughts
18 Mar 2018

In This Issue


Bitcoin and blockchain - just some thoughts

It was explained to me that the blockchain methodology obviates the need for trust. You don’t have to trust an individual or a company you are dealing with, because it is a “trustless” system. There is no longer a need for trust.

What if we entered a world where trust wasn’t necessary? Would we lose, or greatly diminish our human skill in learning how to extend trust to others? Would trust only be relevant in personal relationships, and not in business dealings (assuming you can’t follow a person’s private life history through blockchain technology)?

Who wants everything that ever happened to be permanently documented anyway? Imagine how oppressive that would be, not being able to go to confession to have the slate wiped clean. There would be no fresh starts as there would be no escaping history. 

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