OPINION: In the language of crypto, a “trustless” environment doesn’t mean there is an absence of trust – it is an environment in which trust is not needed. NoelleInMadid discusses trust and code in the context of the annual EdelmanPR Trust Barometer.
Noelle Acheson is the former head of research at CoinDesk and Genesis Trading. This article is excerpted from her Crypto Is Macro Now newsletter, which focuses on the overlap between the shifting crypto and macro landscapes. These opinions are hers, and nothing she writes should be taken as investment advice.Secure Your Seat
Noelle Acheson is the former head of research at CoinDesk and Genesis Trading. This article is excerpted from hernewsletter, which focuses on the overlap between the shifting crypto and macro landscapes. These opinions are hers, and nothing she writes should be taken as investment advice. “Business” comes across as the only trusted pillar of our society. This year’s report highlights the growing expectations the public has of CEOs. A resounding 89% of respondents expect them to take more of a stand on the treatment of employees, 82% on climate change, 80% on discrimination.
trust map, expecting that other like-minded individuals would find it interesting. Bitcoin has no leaders to shape it into what its market wants, nor a marketing department to help identify what that is. Bitcoin didn’t go looking for users – its ecosystem spontaneously emerged among people who value what its code can do, and has grown as more and more people question established market and money orthodoxies.
It also matters in terms of regulatory assessment, surfacing a heated debate with which many in crypto are all too familiar: Should you regulate a tool or only its uses? Knives can make food easier to eat and they can kill, yet no politician is advocating for the regulation of knife sales. However, Bitcoin was born with embedded anti-regulation sentiment. That warrants some concern on the part of those who see their influence waning.
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