[2015-04-17] techcrunch: Establishing Trust In The Bitcoin Ecosystem

[LiteCoinGuy]

Establishing Trust In The Bitcoin Ecosystem

On October 31, 2008, Satoshi Nakamoto proposed “a system for electronic transactions without relying on trust.” Yet, it can be fairly argued that trust, or a lack thereof, has been at the heart of the troubles in the bitcoin ecosystem since that day. While the technology has been and continues to be robust, the failure of a few individuals to meet their fiduciary or legal obligations has maligned bitcoin’s image and damaged its relationships with consumers.

http://techcrunch.com/2015/04/16/people-arent-algorithms-or-an-argument-for-establishing-trust-in-the-bitcoin-ecosystem/

[1Referee]

I have never lost even a micro second of trust in Bitcoin. Experienced Bitcoiners trust in Bitcoin more than anything else as in technology.

Bitcoin receives all the blame for what happens to exchanges and services, which is a shame. Educating people about Bitcoin can definitely solve this.