Well, I believe that's a fair assessment. People shouldn't be expected to trust any project for blindly taking them away from centralised decision making. The genuine question is: can the system be designed, transparent and managed by the user so that this dependency can be decreased? That is why, I also don't believe that it is sufficient to say 'we are building a hedge. The technology and the actual mechanism is what has to prove the idea. While each system poses its own set of risks, Bitcoin is an example of a good system to practice this method. It's not about who to trust, for me, but about creating something that doesn't require users to trust people at all.
The current financial systems have put the future of financial systems too much on the power of human authority which may be subject to vested interests and manipulations. This dependency has to be minimized with an underlying architecture that is transparent and can be audited by the masses without paperwork hassles.
The protocols of decentralization offer road map towards how mathematical laws can substitute the vacuity of the commitments of institutional administrators. In cases where the code is executed without any third party, trust is converted to hard mathematical certainty that can easily be checked whenever it is, without necessarily involving the third party.
