Quite. But what if you don't have access to trustworthy institutions? Or what if you need to coordinate between trustworthy institutions that either don't work together or don't share mutual trust? What if you distrust the very currency the institution does business with?
Your point is correct. If you trust the institutions all the way down, trustless is complicated and unnecessary. If you don't trust the institutions, what are your other options?
Quite. But what if you don't have access to trustworthy institutions? Or what if you need to coordinate between trustworthy institutions that either don't work together or don't share mutual trust? What if you distrust the very currency the institution does business with?
Your point is correct. If you trust the institutions all the way down, trustless is complicated and unnecessary. If you don't trust the institutions, what are your other options?