On Verification in Unregulated Financial Systems

Most regulated financial systems rely on institutions to arbitrate truth. Unregulated systems do not.

In crypto and adjacent domains, legitimacy is often inferred socially: through repetition, familiarity, or proximity to known figures. Information propagates faster than verification, and ambiguity becomes a surface that can be exploited.

This creates a structural problem — not a behavioral one.

Warnings, education, and advice attempt to change user behavior. They do not address the underlying issue: the absence of clear, publicly observable reference points.

Verification, in this context, does not mean safety.
It does not imply legitimacy.
It does not confer trust.

It answers a narrower question:

Has this ever been publicly referenced in a way that can be independently observed?

Wild Wild Money exists to document that layer — and Watchtower exists to operationalize it.

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