v2.0 — The Assessment Pass

v2.0 — The Assessment Pass

Date: 2026-08-26

Version 2.0 makes the v1.9 text agree with its own falsifiability standards. A full adversarial review resolved five internal contradictions, gave four analytical gaps measurement machinery, narrowed the legal posture, and aligned stated expectations with engineering reality. The corrections logged on the errata page land here. The v1.9 artifacts are unchanged: the v1.9 PDF is byte-identical to its citation record, and v2.0 supersedes it.

Contradictions resolved

• Lot sampling. Gold-tier coverage is counted in production lots at tier minimum rates, not deployed units; the rule-of-three converse is stated (50 clean samples bound undetected compromise near 6%, not at zero).
• Collateral grades. A maturity gate blocks Tier A (pristine-collateral) issuance while any PoUW verification component is Experimental or Pilot — currently binding on every PoUW workload.
• FP32 verification. The absolute ε = 10⁻⁵ bound is replaced by a scaled relative bound with a pinned reference kernel; “transcript determinism” is restated as pinned-kernel reproducibility, and ZKML Tier A eligibility is gated on production maturity.
• Emergency governance. The Red Line 8 emergency path is reconciled as subtractive-only; routine use of subtractive powers now trips the red line, and signer accountability is specified.
• Tokenomics staging. The naive demand-to-price passages are explicitly marked as routing rules rather than findings, with the refutation cross-referenced where it lands.

New instrumentation

• Convenience-yield telemetry (fifth measurement family): base-asset lending rates, forward and perpetual basis, and wrapper basis, published against the regime-pressure index. A yield flat across regimes is a fee; a yield that rises exactly when substitutes weaken is the holder-side service flow the thesis claims.
• The joint failure mode is named: closed-stack services plus wrapper price realization leaves the asset a reference price with no native loop. Its diagnostic — persistently positive wrapper–native growth divergence alongside falling native settlement — is specified.
• Stablecoins are engaged as the incumbent bypass channel, with the band where the triad can still differ.
• The utility-token record (Filecoin, Render, Akash, Golem, Livepeer) is cited against the thesis, and the 30% fee-coverage gate is labeled an order of magnitude above the precedents.

Legal and editorial

• A securities-law analysis confronts the Howey structure of the value-capture design itself; the AML table is reframed as requiring legislative change rather than as a boundary regulators must respect; the Tornado Cash precedent is added to defense-in-depth.
• INFER_LM_70B verification is re-tiered to aspirational; 7B is the Phase I expectation.
• The final chapter is retitled “Why These Could Become Money” and the base-rate problem is stated: no asset is known to have crossed from utility cash-flow claim to monetary premium.
• Prior-art acknowledgments added for Layers 0–2 (TUF/Uptane, Certificate Transparency, OONI, Tor/I2P, BIP-324, BOLT12, energy resource-adequacy literature) with matching Sources entries.

Artifacts

The full edition is 371 pages; the brief is 19 pages and now carries the convenience-yield instrument, the stablecoin and securities objections, the joint failure mode, and the base-rate statement. Both are checksummed; the citation record identifies v2.0 as canonical.