{"id":83121,"date":"2018-09-28T02:22:23","date_gmt":"2018-09-28T09:22:23","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2018\/09\/trust-the-inside-story-of-the-rise-and-fall-of-ethereum"},"modified":"2018-09-28T02:22:23","modified_gmt":"2018-09-28T09:22:23","slug":"trust-the-inside-story-of-the-rise-and-fall-of-ethereum","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2018\/09\/trust-the-inside-story-of-the-rise-and-fall-of-ethereum","title":{"rendered":"Trust: the inside story of the rise and fall of Ethereum"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/trust-the-inside-story-of-the-rise-and-fall-of-ethereum.jpg\"><\/a><\/p>\n<p>But there\u2019s a catch: what about the faithful \u2018execution\u2019 of a contract? Doesn\u2019t that require trust as well? What good is an agreement, after all, if the text is there but people don\u2019t respect it, and don\u2019t follow through on their obligations? Which brings us back to the crucial matter of how Buterin managed to piss off so many people.<\/p>\n<hr>\n<p>The great cryptocurrency heist.<\/p>\n<p>Blockchain enthusiasts crave a world without bankers, lawyers or fat-cat executives. There\u2019s just one problem: trust.<\/p>\n<p>E J Spode<\/p>\n<p><!-- Link: <a href=\"https:\/\/aeon.co\/essays\/trust-the-inside-story-of-the-rise-and-fall-of-ethereum\">https:\/\/aeon.co\/essays\/trust-the-inside-story-of-the-rise-and-fall-of-ethereum<\/a> --><\/p>\n","protected":false},"excerpt":{"rendered":"<p>But there\u2019s a catch: what about the faithful \u2018execution\u2019 of a contract? Doesn\u2019t that require trust as well? What good is an agreement, after all, if the text is there but people don\u2019t respect it, and don\u2019t follow through on their obligations? Which brings us back to the crucial matter of how Buterin managed to [\u2026]<\/p>\n","protected":false},"author":417,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1318,1761,1496],"tags":[],"class_list":["post-83121","post","type-post","status-publish","format-standard","hentry","category-bitcoin","category-cryptocurrencies","category-law"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/83121","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/417"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=83121"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/83121\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=83121"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=83121"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=83121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}