Earlier quoted context omitted.
> one of the biggest advantage of crypto stuff is removing the need for reputation and trust. I don't think it does that, though, at least when used as a currency. The irreversibility of crypto transactions means that you have to have some trust that the person you're dealing with will be willing to make things right when erroneous transactions happen.
When people say "trust" in the context of Bitcoin, it's about not having to trust a middle man, e.g. PayPal, who are notorious for capriciously locking you out of your account and stealing your money, or denying service to marginalized populations. It doesn't mean you can't get ripped off by the party you're transacting with directly, but neither does cash, unless you pay for some kind of insurance. Which you can als…
That's all fine if you're a cryptocurrency guy, but in terms of what ordinary people mean by "trust", I don't see how cryptocurrency removes "the need for reputation and trust." You still need those things.
> neither does cash
True. Which is why cash also has a need for reputation and trust.
All I'm asserting is that the need to trust people is not eliminated by using cryptocurrency. How is my assertion wrong?