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The blockchain does not eliminate the need for trust

  • Written by Dirk Baur, Professor of Finance, University of Western Australia
imageCentral authorities are still important to create legitimacy in a cryptocurrency.Shutterstock

A common idea about the blockchain, the technology that powers Bitcoin and other cryptocurrencies, is that it can “create trust”, or allow two parties to make a transaction “without relying on trust”.

If true, this means we could...

Read more: The blockchain does not eliminate the need for trust

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