Distrust in human nature is actually a kind of self-protection in a different direction.

When money, health, future, and life become bets, even kind-hearted people will want to retreat. When the price of breach of contract is negligible, and when morality becomes the only binding force, the evil in human nature becomes overt and arrogant. The devil also has to abide by the contract.

The business society is built on trust. Without trust, there would be no business. When you buy a house, you have to trust that the builder didn't cut corners. Even if there is, it cannot collapse instantly. When you go to the hospital to see a doctor, you must trust that the doctor is professional and ethical and will not treat you randomly or even poison you to death.

This creates a contradiction. We must protect ourselves out of distrust, but we must also build trust so that we can work and live together in a business society. And the road from distrust to trust consumes a lot of our energy. People also thought of various ways to solve it. Of course the costs are high.

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But the emergence of blockchain makes trust simple. No, it should be said to be relatively simple.

Many professionals and blockchain believers in the blockchain industry believe that once the blockchain era arrives, it will subvert all our current perceptions and we will enter a new era. An era where there is no longer a crisis of confidence. Trust is an agreement that exists in the subconscious, but the subconscious is changeable, so the trust relationship is unstable. The blockchain uses rational technology to solve the distrust in human nature.

Blockchain builds a decentralized trust system, which means that technology can be used to ensure the establishment of peer-to-peer trust without the need for third-party guarantees to achieve** *Knowledge - This is the solution to the classic Byzantine generals problem. The formation of this social network means that we can form a social trust relationship at a very low cost, thereby significantly reducing the operating costs of the entire society.

Including me, I thought so before. I also wrote an article on Bihu, explaining how blockchain can achieve the "magic" of trustlessness through algorithms. But the operation in the real society has found that we think of all this simply.

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The core of the blockchain’s trustless mechanism lies in its algorithm. Using algorithms and decentralized mechanisms, the entire network information cannot be tampered with and no one can obtain the right information. Network control. Everyone trusts the algorithm, which is fair to everyone and open and transparent. As long as you follow the established rules, you will have predictable results.

In fact, if we follow this model, blockchain can indeed achieve the result of building a trusting society. But the gap between reality and ideals is huge.

Just give a few examples and you can fully feel the trust crisis in the currency circle and the chain circle.

Exchanges, whether domestic or foreign, that deal in cryptocurrency futures contracts have been accused of engaging in bad practices such as price manipulation or "unplugging the network cable". Through this behavior, users were forced to liquidate their positions, thus Get benefits.

All projects are packaged in blockchain and issued coins to obtain financing. But the project is actually an air project, either with nothing or with extremely poor qualifications. What's even more terrible is that the project was originally done well, but the money suddenly became too much, and I lost motivation, so I took the money and left.

Crisis of trust in stablecoins. Stablecoins are a safe-haven asset that is much needed in the currency circle. Especially in the bear market, there is a lot of demand, and USDT continues to be issued during the bear market. It can be said that it feels like printing money at will. However, a crisis of trust broke out some time ago, and the currency price is not stable at all. The biggest reason is that users believe that USDT lacks sufficient exchange support after randomly issuing currency, lacks supervision, and the information is completely opaque.

There are too many examples. In fact, the root cause of the bear market comes from the crisis of trust. Because of the crisis of trust, everyone loses confidence, and the decline becomes worse and worse.

You can see how sad this is. A technology that claims to build a trusting society has actually produced such a big crisis of trust. This also makes us discover that technology is not the answer to all problems. There are still many things that cannot be solved simply through technology.