Trust is when one party relies upon the representations made by another party such that the relying party would be harmed if the representations were inaccurate. Trust exists between users of crypto-currencies and the developers of the software they use, between mining pool managers and their miners, and between exchanges or e-wallet services and their users.
Questions tagged [trust]
88 questions
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3 answers
If there is no one company behind bitcoin, who controls it?
"If there is no one company behind bitcoin, who controls it?" This is the question that many people new to bitcoin ask. What is the best way to convey to them how bitcoin works, and in a way that can be understood by non-techies.
osmosis
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votes
1 answer
How to avoid "single point of trust" in online bitcoin exchange sites
How do an online service such as a Bitcoin exchange prevent some sysadmin from transferring assets from its users to him self (like in the bitcoin case, a secret wallet of his own) and take off to Bahamas?
I mean if I'm able to log in to their site,…
aioobe
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Are there decentralized bitcoin asset management systems out there?
Are there any decentralized/shared bitcoin asset/investment management systems out there?
It should be applicable to the following case:
Many peers and nobody trusts each other. But trust is gained by investing bitcoins in that system.
Nobody…
1nstance
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