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:''I believe for every drop of rain that falls | :''I believe for every drop of rain that falls, a flower grows. '' | ||
:''I believe that somewhere in the darkest night, a candle glows. '' | |||
:''I believe that somewhere in the darkest night | :''I believe for everyone who goes astray, someone will come to show the way'' <br> | ||
:::—Roger Whittaker | |||
:''I believe for everyone who goes astray | |||
:'''[[Credit]]''': Latin, vb (3rd pers. sing.): He, she or it ''[[I believe|believes]]''. | |||
:'''[[Credit]]''': Latin, vb (3rd pers. sing.): He, she or it [[I believe|believes]]. | |||
Trust: a fundamental part of every legal, political, and financial system that has ever existed and one which cannot be solved by technology. Trust takes the single-round [[prisoner’s dilemma]] — in which a rational ''homo economicus'' would throw her conspirator under the bus — to the iterated [[prisoner’s dilemma]], in which the logical thing is to cooperate, at least as long as your conspirator does. | Trust: a fundamental part of every legal, political, and financial system that has ever existed and one which cannot be solved by technology. Trust takes the single-round [[prisoner’s dilemma]] — in which a rational ''homo economicus'' would throw her conspirator under the bus — to the iterated [[prisoner’s dilemma]], in which the logical thing is to cooperate, at least as long as your conspirator does. | ||
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:''“I meant what I said, and I said what I meant. An elephant’s faithful one-hundred per cent.”'' | :''“I meant what I said, and I said what I meant. An elephant’s faithful one-hundred per cent.”'' | ||
The desire to eliminate risk has become synonymous with the desire to eliminate the need for trust and confidence in individuals. In this | To trust someone is to ''take a risk''. | ||
The desire to eliminate risk has become synonymous with the desire to eliminate the need for trust and confidence in individuals. In this contrarian’s opinion The Root of All Evil in the present system is the any social device which seeks to substitute data, policy , Rule, or algorithm for judgement, confidence, and trust. | |||
So in the same way that rules, PlayBook, and policy override the judgement and confidence of and in individuals in large organisations, the desire to eliminate the need for trusted intermediaries in a distributed Ledger system has the same fundamental shortcoming. | So in the same way that rules, PlayBook, and policy override the judgement and confidence of and in individuals in large organisations, the desire to eliminate the need for trusted intermediaries in a distributed Ledger system has the same fundamental shortcoming. | ||