"Trustless" is a terrible meme, as the term is misleading and the implementation of the concept is impossible. The truth is:
There is no cloud, just other people's computers.
Smart contracts can make trust relationships explicit.
By using a blockchain system, you entrust a network - which you may have no control over - with application state. If you rely on such a network, you indirectly also rely on the network infrastructure and operators' social and economic incentives.
There is no cloud, just other people's computers.
Smart contracts can make trust relationships explicit.
By using a blockchain system, you entrust a network - which you may have no control over - with application state. If you rely on such a network, you indirectly also rely on the network infrastructure and operators' social and economic incentives.