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trust-protocols

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    Trust Protocols Entry #0880

    Why the word trustless is used to build trust

    Trustless is marketed as a virtue that removes the need for trust, yet the term itself is used to earn the very trust it claims the system does not require.

    Master
    The hidden part #0880

    A truly trustless system need not say so. The word is a plea for trust wearing the costume of not needing any.

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    Trust Protocols Entry #0879

    The reason a locked-liquidity claim rests on a date you never check

    Liquidity locked is quoted as safety, but the lock has an expiry, and a lock that unlocks next week protects no one who never read the date.

    Adept
    The hidden part #0879

    A lock is only as good as its expiry. Locked reassures; the date decides. The claim shows the word and hides the clock inside it.

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    Trust Protocols Entry #0878

    Why a wallet with three signers is called decentralised

    A multisig held by three people is presented as decentralised control, but three signers who know each other are a committee, not a crowd.

    Novice
    The hidden part #0878

    Splitting keys is not splitting power. Three aligned signers are a committee wearing the word decentralised, and a committee can act as one.

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    Trust Protocols Entry #0877

    The reason open code is trusted by people who never read it

    Open-source is trusted as if inspected, but almost no user reads the code, so the trust rests on the mere possibility of review rather than any review performed.

    Adept
    The hidden part #0877

    Open code can be checked; that is not the same as checked. When everyone trusts the eyes of others, no eyes are on the code at all.

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    Trust Protocols Entry #0876

    Why an audit badge reassures more than the audit report says

    A green audited badge calms a reader far more than the report it links to, because the badge is read and the report, with its caveats and unresolved issues, is not.

    Novice
    The hidden part #0876

    A badge is read in a glance; a report is read by almost no one. Safety is inferred from the symbol, not from the findings it links to.

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