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Thanks for this! I'm half way through a quick read, and will have to read it again more slowly. I like the style of using user-stories to explain crypto. I've done something similar with a speculative web-of-trust crypto currency design here: https://docs.google.com/document/d/1-0D75T4_xjMNDdMdgaeRPtNv...

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You might like http://web.mit.edu/kerberos/dialogue.html then

Thanks for the downvote...

patio11 if you are reading I mostly linked to the above to get your take on the idea that we can get even more subjective than transitive exchange rate finding. Maybe the Wired article is shorter: http://www.wired.com/2014/07/document-coin/

Since you asked: That feels like Klout meets blockchain meets Silicon Valley filter bubble. I'm not the world's biggest fan of any of these three things in isolation. Combining them does not obviously make the combination more useful than the sum of the parts.

Thanks for the feedback. I'm really just driven to explore the implications of a radically simple data structure. So hopefully it's possible to build something that's more useful than bubble.

The short term goal is just to get people to think more broadly about what cryptocurrency can mean. Your essay does that brilliantly, thanks!

> Resist complaining about being downmodded. It never does any good, and it makes boring reading.

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