Problematically, it leads to popularism - there is no method to determine matter experts, therefore confidence is impacted.
Discussion
WoT
My experience with WoT was issues around tribal agenda-pushing, specifically around medical claims/pseudoscience.
Im ignorant of WoT. 'Splain, pls?
Oh lord, what in the hell is that? just read the Wikipedia entry, that site mushed my brain in 3 seconds
Exactly. Because trust is the fundamental basis of WoT systems, it inherently results in bias and tribalism.
Bitcoin works because no trust is required.
People struggle with shades of grey.l, dismissing important nuances that result in cognitive dissonance.
Popularism or populisim? Both are vague concepts and one is a perjorative to deride anything not favored by the aristocracy or selected leaders. Decentralization is driven by both.
Popularism.
The most entertaining, or the most popular response/idea by the subset of the population that is surveyed, and from that a subset, responds, wins out.
It’s not about what is true - but what is agree upon. We might very well agree that chocolate is the most healthy thing to eat, but of course - the truth, dies with that consensus if the idea is treated as objectively true.
This is problematic when people voting on things are not making informed decisions, either through ignorance or arrogance.
It’s a culmination of how the Dunning-Kruger effect affects the lives of others.