RE: Behavior and evolution of cryptocurrencies ten years after its creation / What to expect from them in the future?

[fucho80]

Dear @coinchaos, thank you for joining this discussion.

You only need to understand it better, but trust is not something that is needed in blockchain.

There are few people who have received a comment like this, I understand that cryptocurrencies have their value based on the trust of the people. What arguments do you have to affirm something like this?

Pr EV

Comments

[coinchaos]

Crypto actually gets value from not having to trust people. It is a mathematical equation and once you understand it is secure you are good and don't have to trust anyone.

[fucho80]

It's a mathematical equation and once you understand that it's safe, you're good and you do not have to trust anyone.

Ok I understand, then even though people withdraw their crypto confidence it will stay and not collapse. Good friend point.

Thank you.

[coinchaos]

Yes, exactly. It does not matter what confidence people have in bitcoin. Only person that needs to have confidence is yourself.

[fucho80]

I understand friend, thank you for sharing your knowledge with me, you are very kind.

[coinchaos]

Your welcome

[crypto.piotr]

Hi @fucho80

Personally i do not agree with coinchaos words. Problem of trust exist and it's the biggest issue when it comes to anything that is decentralized. That's my opinion anyway.

Yours
Piotr

[fucho80]

Problem of trust and it's the biggest issue when it comes to anything that is decentralized.

I imagine that it must be like you say, according to what I understand it is based on, but everyone has an opinion to the respect. I think that if you do not feel safe using something you just leave it and the less people use them, the interest will be lost.

Thanks, you're always clear.
Pr EV