The Shape of Things

Metaphoric Financial Inclusion

No sensor, no reading, no defence

A scene from a story. Illustration, not evidence. Nothing in it is a finding. What it stands in for, and what it does not establish, is set out below.

And here is where the absence stopped being an architectural observation and became a physical event: there was no mechanism to slow it. Sabi held no funds, so it could not freeze anything. It had no escrow, so there was nothing to hold. It had no dispute record, so it could not say of these forty-one thousand, we have adjudicated these and they were fine. It had no verified transaction history, so it could not produce a single piece of evidence that any work had ever been done well by anyone on the platform, ever, because it had never once watched.

It had two million users, ninety-one thousand weekly transactions, a term sheet — and when the question came, it had nothing to say. Not nothing convincing. Nothing at all. There was no sensor, so there was no reading, so there was no defence.

From The Warden: Chapter 11.