I have all these same questions about audibility too.

It might be possible to do that but I’m sure there’s still an element of trust with displaying a balance of issued notes.

I do like the idea of automated runs though.

Maybe there might develop a market for ‘authority guardians’ or some way for ‘independent third parties’ to be signed up as a guardian (like an independent director on a board). But kinda can’t believe Im writing those words on a bitcoin message board lol!

Listening to Fedi team chat on podcasts it sounds like their pitching it, to start with at least, at local communities so people will personally know their guardians which may be biggest deterrent? Personal reputation risk.