> The statement that P2P networks are superior to centrally managed ones stands far from reality. There is a certain class of problems where this is true.
Yes, indeed. That's enough to be useful, they don't need to be better at everything.
> Moreover, trust isn't something mediated by computers. Trust is a question of human societies. Algorithmic trust is not arbiter of trust any more than the thousands of electronic trust schemes, which get gamed at some point or another and where human intervention is necessary for course correction given a measure of authority.
Yes, and P2P/F2F systems allow more human input in networks. Individuals are free to decide with whom to interact or not. This is more humane than letting a blackbox ML model be the arbiter of truth, decide who is a fraudster and should have their account frozen (Paypal), decide who should be silenced (Twitter), ...
> BTC and all those other networks are just as if not more vulnerable to being gamed as any other system.
Great, there's a $1 trillion bounty for when you decide to start gaming BTC.
Yes, indeed. That's enough to be useful, they don't need to be better at everything.
> Moreover, trust isn't something mediated by computers. Trust is a question of human societies. Algorithmic trust is not arbiter of trust any more than the thousands of electronic trust schemes, which get gamed at some point or another and where human intervention is necessary for course correction given a measure of authority.
Yes, and P2P/F2F systems allow more human input in networks. Individuals are free to decide with whom to interact or not. This is more humane than letting a blackbox ML model be the arbiter of truth, decide who is a fraudster and should have their account frozen (Paypal), decide who should be silenced (Twitter), ...
> BTC and all those other networks are just as if not more vulnerable to being gamed as any other system.
Great, there's a $1 trillion bounty for when you decide to start gaming BTC.