Money, and the financial system, run on trust. Money can be viewed as a web of trust.

There is no technological replacement for trust. To think otherwise is a bit daft.

Ah finally someone who gets it lol.

All financial instruments are expressions of trust / promises or more informally known as IOU's.

I'm yet to see someone do a thorough economic analysis of how all this blockchain stuff will positive impact this.

I have no bias - please bring me well formed arguments. I want to see them!