Might have to steal @balajivenk10's Hobbesian definition of "trust" - "lack of diffidence" At the CHAIN (China America Innovation Network) AI + Blockchain Summit in Shanghai
Taxi was doing a perfectly good job, but Uber works better.
Landline phones were perfectly good phones, but cell phones are better.
The banking system was perfectly organized, but cryptocurrency is better.
The human brain is working perfectly fine, but AI can do it better.
The South Korean govt has officially recognized crypto exchange sector as a regulated financial institution. South Korean local reports have it that the govt has finalized steps to categorize crypto exchanges as a legit industry called #Cryptocurrency Exchange and Brokerage.