Trust, Anarcho-Capitalism, Blockchain and Initial Coin Offerings

Blockchain - distributed ledger technology - is seen as heralding what some call the internet of trust because it provides an immutable chain of authority that is difficult to hack. Satoshi Nakamoto created an algorithm that required immense amounts of computing power to solve cryptographic problems that when resolved would create consensus throughout the blockchain community by rewarding miners with Bitcoin and prevent the "double-spend" problem. Trust, in either one's opposite party or intermediaries would be unnecessary. The cryptographic work made trust redundant. ; No Full Text