Sunday, December 1, 2019

The side effects will be quantized

China introduces mandatory face scans for phone users

A case of central planners not understanding rescaling theory.

In effect, this creates bearer assets inside the phone as the phone is now secured to the user and new phones have SecureID. So,  personal contracts become valid negotiable instruments as contracts can be proven ex ante. The first application being 'no double spending',  bearer digital assets.

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