Trust in The Trustless System: The Hurdles to Trustless Innovation
summary
Cryptocurrency suffers repeated centralised collapses — Mt. Gox, Bitconnect, 3AC and recent C5-style failures — while DeFi audits repeatedly prove insufficient because projects deploy different code and auditors stop checking. The talk argues for making verification usable: human-facing proofs, reusable transparent audits, GitHub comments and customer support for trustless apps, plus not your keys not your crypto education. Key claim: simpler, auditable packaging and ongoing attestation — not marketing — reduces mass user and institutional risk.
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chapters (8)
- 0:00Introduction
- 1:11Promise of trustless systems
- 3:16Centralized failures
- 5:01Decentralized vs centralized
- 7:10Humans trust people
- 10:16Institutional trust
- 13:50Verification challenges
- 15:37Making systems verifiable
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