‎ Well, I recently realized that all this talk of “regulation” in blockchain really resonates when you replace the referee with an actual human standing in a field, holding a whistle and traffic cone. This is why I started looking at Fabric Protocol: the whitepaper shows off the high-level automation of robot actions, the coordination of that activity and how it is verified on the blockchain. Essentially, all that activity happens on a public chain and there is no back end to obscure anything from public view. It’s all out in the open, which makes it much harder to get away with weaselly things.

‎ This resonated with me greatly, especially with respect to the ROBO token and the fact that the fees associated with identity, verification, data sharing and compute are not just punitive or something that is legislated - rather they are inherently part of the protocol that enables the network. Also interesting was the bond system related to the ROBO token: in order for certain actors to take an active role in the network, they have to put up ROBO as a performance bond. This bond can then be slashed in case those actors misbehave. To me this exemplifies a change in regulatory dynamics, moving from concepts and enforcement that tend to be opaque and that simply try to ‘keep bad people in line’ versus a more accountable system that has its underlying components and behaviors etched out in the light of day (on the blockchain) so that they are, in fact, measurable.

@Fabric Foundation $ROBO #ROBO

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