Mokyr: Trust in decentralized networks is built through expert peer vetting
Joel Mokyr · a16z Podcast | Knowledge Builds Technology and Technology Builds Knowledge -- with Joel Mokyr · Jan 2, 2019 · at 6:15
Economic historian Joel Mokyr explains how the 16th-18th century 'Republic of Letters' established trust without formal centralized institutions.
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“The reason that trust emerges is because that everybody knows that if you publish something or you, some discovery, some, Mathematical theorem that you have proven, or some planet you've discovered, or some new species that you found, that others will take, will look at it, because they know that other, this has been vetted by other experts, and so if it survives, that means you must got it right. Trust is created By the fact that experts and specialists and learned people talk to each other, communicate with each other, and essentially spread their ideas around.”
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