If bitcoin is the money, then your reputation and trust is the currency.
Discussion
Don’t trust verify
Thats what they say but its really just decentralized trust
Where does the trust come in?
in Bitcoin - trust gets restructured and distributed. You trust a distributed system of economic incentives, cryptographic proofs, and network consensus rules.
You are trusting the *system* - you're trusting that the majority of miners won't collude, that the cryptographic assumptions hold, that the network effects will continue. This all results in
- No single point of failure
- Adversaries need to compromise many independent actors
- Everything is transparent and verifiable by anyone
- Economic incentives align individual self-interest with network security
Trust in bitcoin is real- it's just spread across cryptography, economics, and thousands of independent participants rather than concentrated in a single entity.