>Trustless solutions have no place in a world with robust trust, which is most of the developed world and parts of the developing world.
Unless you use a silly spherical cow model of history and risk, the robust trust you are referring to is not rational. Catastrophic breakdowns of society happen far more frequently than people like you assume. Please consider the case made by this essay: https://medium.com/s/story/the-surprisingly-solid-mathematic...
- napkin math indicates that a person living in america at some uniformly random date post colonization would have a little over 1/3 chance of experiencing a revolution or civil war
- Since the fall of Constantinople in 1453, there have been 465 sovereign nations which no longer exist, and that doesn’t even count colonies, secessionist states, or annexed countries. Even if we presume that half of these nation-state transitions were peaceful, which is probably a vast over-estimation, that’s still an average of one violent state transition every 2.43 years.
- In 2010, 8.5 million tourists visited Syria, accounting for 14% of their entire GDP. Eight years later, they have almost half a million dead citizens, and ten million more displaced into Europe. They didn’t see this coming, because if they did, they would have fled sooner.
Unless you use a silly spherical cow model of history and risk, the robust trust you are referring to is not rational. Catastrophic breakdowns of society happen far more frequently than people like you assume. Please consider the case made by this essay: https://medium.com/s/story/the-surprisingly-solid-mathematic...
- napkin math indicates that a person living in america at some uniformly random date post colonization would have a little over 1/3 chance of experiencing a revolution or civil war
- Since the fall of Constantinople in 1453, there have been 465 sovereign nations which no longer exist, and that doesn’t even count colonies, secessionist states, or annexed countries. Even if we presume that half of these nation-state transitions were peaceful, which is probably a vast over-estimation, that’s still an average of one violent state transition every 2.43 years.
- In 2010, 8.5 million tourists visited Syria, accounting for 14% of their entire GDP. Eight years later, they have almost half a million dead citizens, and ten million more displaced into Europe. They didn’t see this coming, because if they did, they would have fled sooner.