Digital ExistentialismDiagnosis
Trust Me Bro
trust mee brohphrase
What it means
The security model of an entire asset class, stated out loud without embarrassment.
What it actually means
There has been no audit.
How it is used in a sentence
"The reserves are fully backed, trust me bro."
Filed under
Digital Existentialism — Ideas that were briefly worth billions, explained by people who are briefly employed.
Diagnosis — The phrase already names a real problem. We define it properly.
How are you coping
Related entries
Crypto Wallet
Digital ExistentialismKRIP-toh WOL-itnounBafflegab
A password holding your money, with no bank to telephone, no reset link, and nobody to blame but the arrangement you chose.
Real meaningThere is no forgot my password. That is the feature.
NFT
Digital Existentialismen-ef-teenounBafflegab
A receipt proving ownership of something anyone can view, copy, and enjoy without paying.
Real meaningYou bought a link. The picture was always free.