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Which is the fundamental thesis of my essay, that it cannot solve this problem.
I'm glad you agree with me.
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I think it is I who should be thanking you for agreeing with me, since it seems that you no longer feel this way:
I dont agree about your replace -- Bitcoin does not link an on-chain address to an off-chain entity.
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this is the central caveat which makes it the same problem
you cannot assume this part works in either scenario