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A comment on Cryptos can't fix societal, political or economic problems. Parent comment

Re:Cryptos can't fix societal, political or economic problems by pintxo on Thursday November 25, 2021 @09:04AM (#29341433)
Doesn't trust here only apply to things happening 100% within the chain?

Such that a currency created and traded only on a blockchain is trustworthy because everything is traceable on the chain. A bit like software without IO being quite easy to reason about.

But the moment we get externally created data (sensor readings etc), we need to trust the source.

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Re:Cryptos can't fix societal, political or economic problems by joshspankit on Thursday November 25, 2021 @10:22AM (#29342091)
Definitely. That’s a good point that the ledger is only a trustworthy account of what has happened on the chain, and we should never get fooled in to thinking that placing untrustworthy records on a trustworthy chain makes them trustworthy.
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