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interesting.
can you give examples, explain why this is. or otherwise flesh it out?
personally I'm deep diving woT .
We need to start to think in terms of webs of trust.
https://en.wikipedia.org/wiki/Web_of_trust
Too easy for scammers now. We got to make them work harder for their ill gotten loot.
We need a web of trust.
"Why are you reading this AI generated slop if it's not in your web of trust?"
"It is, Fred vouched for the author."
"Well then this fuckstick AI isn't the problem, Fred is."
Remove fred from web of trust, problem solved.
breadcrumb, comment in:
https://news.ycombinator.com/item?id=46352016
"What happened to all the gold Spain got from the New World? (1985)"
About 200k tons total gold mined worlwide across all history for context. So about 0.2% of the total.
This would be like losing 42,000 bitcoin in a custody oopsie.
the saylor plan, well articulated and very compelling. And yet ...
I'm not against this but the devil is in the details and the devil is centralization. Too few custodians and the whole thing becomes a honeypot replicating the same problems the gold standard had. I expect that is what will probably happen and the custody war will be the final boss battle of bitcoinization of financial collateral.
If the commits are peer reviewed, vetted and blessed, and I believe they are, it's not pointless.
Thanks fanquake!