Excellent article from Josh Stark in which he coins a new phrase, Trust Experience (TX). TX seems to have an inherent effect on the longevity and success of a protocol, in that the more implicit or explicit trustworthiness a protocol exhibits, the more hardy it is and the more willing a person is to engage with it.
“TX is the set of experiences that shape and inform our expectations about how a … system will behave in the future. It is the sum of all external inputs which leads us to believe that it will function in a certain way in the future - to trust it, or distrust it.”
This essay shares a lot of touchpoints with @sahil’s post on reputation protocols. So much of trust comes from reputation. But how this works in real life isn’t hard coded. There are protocols for reputation everywhere, but they need to be sufficiently legible in order to be converted into code.
