Trustless Trust definition
Trustless Trust. Why I Invested in Blockstream, LINKEDIN (Nov. 17, 2014), ▇▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/pulse/20141117154558-1213-the- future-of-the-bitcoin-ecosystem-and-trustless-trust-why-i-invested-in-blockstream/. 58 And in fact, the Bitcoin ledger has yet to have been altered or tampered with. 59 ▇▇▇▇▇ ▇▇▇▇▇▇▇▇, THE ASCENT OF MONEY (2008); see ▇▇▇▇ ▇▇▇ ▇▇▇▇, Bitcoin Billionaires ▇▇▇▇▇ and ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, CBS NEWS (June 16, 2019, 10:03 AM), ▇▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇.▇▇▇/news/ bitcoin-billionaires-▇▇▇▇▇▇▇-and-▇▇▇▇▇-▇▇▇▇▇▇▇▇▇▇-gemini/. 60 ▇▇▇▇▇▇▇, supra note 5, at 46. 61 It is true that gold and other precious metals had value independent of their use in coinage, which did imbue these coins with collateral value. This is another component in which the comparison of Bitcoin to digital gold breaks down. 2021] Cryptocurrency and the State 705 leap it requires of users who have unquestioningly equated currency with sovereignty. After all, as economist ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ points out, why would you trade “a perfectly liquid dollar, supported by the full faith and credit of the U.S. government, for a cryptocurrency with questionable backing that is awkward to use”?62