According to the CEO of Synonym, speaking at the Plan ₿ Forum in Lugano, the solution to scaling Bitcoin is to empower users to apply trust in a peer-to-peer manner.Speaking to Atlas21 during the Plan ₿ Forum 2025 in Lugano, John Carvalho, CEO of Synonym, presented a contrarian vision on the future of Bitcoin and the scalability issue. For the CEO of Synonym, the problem is not scaling Bitcoin, but scaling trust.Can you provide us with a summary of your speech “Fix the Money, then what?”?
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99 sats \ 0 replies \ @SimpleStacker 15h
Interesting. I agree with this. So did Hal Finney (I think)
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70 sats \ 0 replies \ @elvismercury 14h
Haven't listened to this yet, but anytime someone's willing to move past kindergarten-level ideas about what "trust" means in the btc ecosystem my heart soars a little.
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50 sats \ 0 replies \ @justin_shocknet 14h
Correct.
Only nit is he didn't call out Ark as scammers.
Ark is not attempting to scale Bitcoin, only pretending to, it's centralizing trust.
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101 sats \ 0 replies \ @fourrules 12h
This is a conclusion I came to in 2017 and have been trying to solve it since.
Unfortunately I don't have the expertise to implement a protocol that would decentralise reputation. What Bitcoiners don't want to talk about it is reputation and trust are two sides of the same coin, and storing reputation data anywhere is fraught with risk and potential abuse.
My instinct is that trust has to start from hyperlocal networks below the Dunbar number, consider them tribes, which themselves have reputation and membership confers on a person the status of the tribe onto the member. Maybe you could have even smaller networks inside tribes called "families" or "projects", and then above twice tribes "communities" and "societies".
Reputation can be governed by an algorithm modelled on Pagerank with different weighted endorsements, on a scale from implicit to explicit, or increasingly costly, e.g. follow = implicit endorsement; donation = explicit endorsement.
Maybe something like this can be built onto Nostr, where there is a concept of continuity of identity that is unlike bitcoin.
Either way it needs to be built out of a system that aggregates real world event data.
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0 sats \ 0 replies \ @SHA256man 7h
i wrote about trust inside the bitcoin network in simple terms here:
#1259954
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0 sats \ 0 replies \ @brent 12h
It has been scaling in trust -- how many users does Wallet of Satoshi, and other custodial wallet services, have? It is reasonable to expect that trust will continue scaling as L3 technologies grow in adoption.
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0 sats \ 0 replies \ @fiatbad 12h
"Jack Dorsey stated that Bitcoin could fail if it isn't used as a medium of exchange. Do you agree?"
John's answer to this was good, but I think he and I take Jack's statement from completely different perspectives.
I think Satoshi was quite clear that Bitcoin's goal is about ending fiat. I think that was his/her/them's greatest motivation. I think that should be the number one goal of any self-respecting Bitcoiner today. If Bitcoin is not threatening the dollar (after becoming nothing more than "digital gold") then Bitcoin HAS failed. Hard stop.
I think that's probably what Jack meant, also. He was channeling Satoshi when he said that.
If "digital gold" is Bitcoin's future, then I may as well just trade all my Bitcoin for physical gold right now.
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