For some time now, I have been stuck on the same question over and over again… How real this “programmable money” and how much is a concept? It seems a bit strange to think about how government funding was before. Money was sent… but what happned next – whether right people got it, whether it was used properly – this part is almost a blind spot. There was a trust but was no structure to verify. @SignOfficial looks at it a little differently here. They are basically saying – money itself is nothing, if conditions can be attached to it, proof can be attached – then it is smart. I mean, suppose somone gets a subsidy. Earlier, there was only a list – who will get it. Now they saying, no… first prove whether you are eligible. Not just ID – activity, history, contribution – these can also count. A little deeper layer. Then the real point – condition. Money will be released only when proof comes. For example, if the farmer really got the fertilizer, if that is not attested, the money will not be released. Here, policy and payment move together. But here a thught comes… who is giving this proof? Who is validating ? Because if verifier layer is not trusted, then the whole system will go back to the same place. Another interesting thing - time control. If there money left, it will expire or rolback. Sounds efficient… but all the scenarios really that clean ?
In the end it seems to me- @SignOfficial is not just buildng a payment system, but rather trying to encode decision-making logic. The idea quite strong. But the execution… especially trust alignment and cost - these two areas will be the real test🚀
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