Now add that trustlessness is impossible and you can scratch the blockchain box for good.
You cannot get rid of trust in some form. You need entry to the system, so you need to trust its gateway. You need to trust the network to not have some vulnerability like a 50% attack. And eventually you need to trust the developers not to add critical bugs (that alone is virtually impossible) or pull off some scam.
So, since you need to trust someone, might as well choose some government regulated party like a bank or a lawyer and choose conventional and efficient tech.
The solution to the requirement of minimal trust is not to just give up on and trust few peopme with everything. 50% attacks in large networks are next to impossible.
Now add that trustlessness is impossible and you can scratch the blockchain box for good.
You cannot get rid of trust in some form. You need entry to the system, so you need to trust its gateway. You need to trust the network to not have some vulnerability like a 50% attack. And eventually you need to trust the developers not to add critical bugs (that alone is virtually impossible) or pull off some scam.
So, since you need to trust someone, might as well choose some government regulated party like a bank or a lawyer and choose conventional and efficient tech.
The solution to the requirement of minimal trust is not to just give up on and trust few peopme with everything. 50% attacks in large networks are next to impossible.