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Yes? Wealth concentration was never a fail condition in my mind. The fail conditions for me are more about whether we shake custodians or not.
There's actually 3 fail conditions I think of specifically (because people have gone and made very complex things that I've had to explain my disdain with)
  1. Rehypothecation risk If we can fail due to rehypothecation and move and learn from it, then we take a temporary fail (hopefully limited in scope fail) and turn it into a win long term.
  2. Theft risk (as a constant normal part of using the protocol) It was weird how I had to separate rehypothecation from theft risk, but it became necessary in explaining my distain for certain things people built. Again this can be limited in scope (individuals being at a loss for how to protect themselves) or at scale (entire countries using custodians and being at risk of being rugged) which means individuals can fail or entire countries can fail.
  3. Censorship risk If you can't send to someone you want to send to, and you can only send to people, as an example, who would give you a bad deal, that's a fail.
If these failures are systemic and impossible to correct with effort no matter how long that may take for either technical or social/cultural reasons, then that in my mind is an absolute and total failure.