☝🏽 Three Seconds of Magic, Then Read the Fine Print
Last night I finally messed around with Sign’s schema registry. Figured I’d see if the cross chain checking actually works the way they claim.
3️⃣ seconds. That’s how long it took to get a warning, fix one field, and watch it flip to “passing.” The whole thing check, verify, auto-validate just… happened. No drama 🤪. No spinning wheel of death. I sat there thinking, okay, this part is legit.
Then I read the part that made me tilt my head.
You need Sign tokens to add or change anything in the registry. The schema layer is supposed to be a public utility a language any developer or government can speak. Except you have to buy tokens to speak it. And most of those tokens are held by the people who started @SignOfficial and their inner circle.
That’s where the “water and electricity” analogy falls apart. You don’t pay a token to use a new wiring standard.
If a government or a major company needs to tweak the rules for how credentials get verified say, to fit their own legal framework they have to buy tokens. Pay into a system they didn’t build, don’t control, and can’t influence beyond whatever tokens they manage to hold.
So here’s my question for $SIGN ❓️
When a government needs to update the schema registry to align with its own rules, how many tokens does that cost, and who actually captures that value?