Some have argued that the blockchain doesn't eliminate the need for trust. And they suggest that cryptocurrency and blockchain technology isn't more widely used today because of this issue that it has with trust.

Clowns that has wrote those texts are deliberately missing the point: Technology is implemented by the people. You can’t trust to those people — the user must verify that the technology is properly implemented. Education is key. But if you have properly implemented technology, then you have built-in regulation, far more robust and fair than a bunch of bureaucrats can ever provide.