Robert,

Great question. The answer lies in the fact that the trust established in the blockchain world is tied to the digital identities. Legitimate users have ways to connect the digital identities with themselves but the working of blockchain is not dependent upon that connection being made. Check out this article (https://www.wired.com/2016/03/must-understand-bitcoin-regulate/) for an interesting illustration.

As always, thank you for visiting our blog and leave your comments.

Warm regards,
Larry