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Somehow they managed to trust in an experiment - juggernaut standing on 2 thin matches and wobbling from fall to collapse for the last 50 years called "fiat money" AKA paper backed by nothing. The only thing they needed was "bread and circuses".
"We don't need our gold ... just give us piece of paper, its better because its much easier to use... It doesn't matter it lose 97% of purchasing power per 100 year" - that's their attitude.
The question is not about the trust but about the collapse of current system. Thats the only way to shake majority and open their eyes on how modern monetary system changed them into slaves and called them "middle class" with 200$ in wallet and 30 year mortgage on "starter home".
"We don't need our gold ... just give us piece of paper, its better because its much easier to use... It doesn't matter it lose 97% of purchasing power per 100 year" - that's their attitude.
The question is not about the trust but about the collapse of current system. Thats the only way to shake majority and open their eyes on how modern monetary system changed them into slaves and called them "middle class" with 200$ in wallet and 30 year mortgage on "starter home".
Trust in cryptocurrency is an important factor that affects its adoption and value. Since it is not backed by any physical commodity or government, trust in the technology and the network is essential for users to believe in its value and use it as a medium of exchange.
One aspect of trust in cryptocurrency is the security of the network. Since transactions are recorded on the blockchain, they are immutable and cannot be altered or reversed. This means that users can trust that their transactions are secure and cannot be tampered with.
Another aspect of trust is the transparency of the network. The blockchain allows for anyone to view the transaction history of any given cryptocurrency, which promotes transparency and trust in the system.
However, trust in cryptocurrency is not without its challenges. The decentralized nature of the network means that there is no central authority to regulate and oversee transactions, which can lead to issues such as fraud and market manipulation.
Moreover, the value of cryptocurrency can be highly volatile, which can lead to trust issues among users who may be hesitant to invest in a currency that can fluctuate rapidly in value.
