Yeah that is spot on.

The thing is that The Standard needs to start a little centralised because well there are 10 of us building this thing. The hope is to start the decentralising process as we start to distribute the DAO tokens and building that community.

The other thing that will need more work overtime is the vaulting facilities. to begin with we have two, Bar9 and Vaultoro who are plugging their clients into the protocol.

We are putting resources and our deep connections into the gold industry to build relationships and onboard more and more vaulting facilities/gold retailers. Interest is already high as a lot of companies in the industry have come to me over the years asking me how to tokenise gold.

I told them they can't because there is no way of collecting storage fees by simply tokenising. Now I'm going back to them with our solution. The Standard enables gold vaulting facilities to get the demurrage costs of holding the physical assets even if someone loses their private keys. This all happens trustlessly. So partners will come so this network will also decentralise over time.


All and all there is a heap happening behind the scenes. People know me as a bitcoin maxi because I love decentralisation. Our aim is to make this process happen quickly. But people need to realise, decentralisation is not a binary thing. It's a scale and it's on the top of our minds.
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