Compilation: Loxia
Lemon problem and trust crisis
Today I don't plan to talk too much about technology. What I want to discuss is a social issue we face in the field of cryptography. The title of this speech is "Social Consensus and Self-Regulation." First of all, I would like to ask if anyone has heard of the 'Lemon Problem'? Does this term ring a bell?
Okay, not quite impressed, not much.
So, in American slang, 'lemon' refers to an unreliable car, and it's a car that you didn't know would be unreliable beforehand. I'm not quite sure about the origin of this term, but 'lemon' is what it means.
Well, a good car, a reliable car, is called "peach." I didn't know this before. I found out by checking, it's quite cute.
The "lemon problem" is basically a problem for used car dealers. When you go to the used car market, it looks a bit like this, feels a bit deceptive, because you don't know if the car you're buying will be a "peach" or a "".