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Revolutionizing Bitcoin: Fedi and the Fedimint Protocol with Obi Nwosu (WiM519)
The "What is Money?" Show
Why Fediment works best in communities at Dunbar number
Trust serves as a critical technology that empowers communities to form intricate social structures, enabling significant achievements like space exploration and technological innovations. Identifying trustworthy individuals within a community, akin to village elders, harnesses the natural human tendency to cultivate social bonds. This concept can be amplified through mechanisms such as webs of trust, which help in discerning levels of trustworthiness. However, trust has inherent limitations; it does not scale effectively beyond Dunbar's number—approximately 150 individuals—indicating a cognitive threshold for meaningful relationships. The intersection of social and protocol layers presents an opportunity to create decentralized systems, where community dynamics and established protocols work together to enhance trust and resource management across broader populations, suggesting a complementary relationship that can innovate beyond traditional trust frameworks.
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