Peer to peer.

I’ve spent a bit of time developing some related ideas, but haven’t had time to start building it.

It’s a bit rough still, but I’d love some feedback! https://freetheinter.net/

we have to use trust from real life. it’s the only thing that centralized entities can’t fake

I think we have to build systems that use real-life interpersonal trust networks so that centralized entities cannot just outspend and bot their way to prominence.

I think the key is building a social information system based on connections we have in real life. Key exchange parties, etc

It’s the only way to introduce a prohibitively high cost to centralized broadcast and reduce the power of these mega-entities

that would be awesome, assuming they’re all evil, but destroys the principle of faith

I’m pretty sure that the ruse, if there is one, must be impossible to prove

the principal hypothesis of the bitcoin experiment is that a central ledger and issuer is not actually necessary, and it’s still going strong

central banks are a hell of a lot better than the hodgepodge that arose in the 1800s, but it’s not proven that they will outlast an adequately designed decentralized implementation (whether it’s bitcoin or something else)

there are plenty of problems down the road for bitcoin, but there are arguably more for central banks. can a centralized currency survive the failure of its backing empire?

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