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So, why is this model better than the legacy business model? Like legacy models, protocols aren't dominated by profit-seeking capital providers. By issuing protocol-specific governance tokens, they may also include users (supply-siders and demand-siders). So the real users get a say when token holders decide whether to charge transaction fees.

“Trustless trust”, as an expression, conveys a trait of blockchain being inimical to trust, when in fact it is the contrary. Not only does blockchain thrive on trust, it is able to “generate” trust in circumstances where there is none, such as impersonal cases brought about by the scale of a network typically found in collaborative transactions don... See more