Hacker News Reader

I'm in the same boat as you. Once there's money involved, I can imagine a lot opportunity for fraud:

-collecting fake "dust" that's the byproduct of another industrial process and minting tokens off it

-bribing or threatening violence against auditors

1. There is no such process, as already noted in OP. 2. Bribing or colluding with auditors only works until buyers or skeptics bring in further auditors, kicking off the forking game, as already noted in OP.

Whay incentive is there for buyers to bring in their own auditors? That costs money too, and if it's anything like the current situation many buyers are just looking to get the carbon off their books. What is their incentive to pay even more after burning the tokens to cover secondary auditing costs? Or for some other third party to insert themselves? And who oversees disputes when the trusted auditor disagrees with the challenge auditor?

Reply on news.ycombinator.com