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Who holds your money — in publicKdo drži tvoj denar — javno
A Step is not a number in a database. It is a certificate signed by a custodian: "I hold 1 000 EUR for this key." Your Step is the sum of such certificates, and everyone can see which custodian stands behind which Step. Custodians are listed in a public registry, publish reserve attestations (money held ≥ certificates issued, with the evidence linked; signed by the custodian itself or by an auditor it names — until an auditor signs, it is the custodian's own word), and a Step can move from one custodian to another. A computer cannot prove that a custodian has the money — that is why everything about them is public and checkable, so trust rests on evidence, not on a name.
Korak ni številka v bazi. Je potrdilo, ki ga podpiše skrbnik: »Držim 1 000 EUR za ta ključ.« Tvoj korak je vsota takih potrdil in vsak vidi, kateri skrbnik stoji za katerim korakom. Skrbniki so v javnem registru, objavljajo potrdila o rezervi (denar na računu ≥ izdana potrdila, s priloženim dokazom; podpiše jih skrbnik sam ali revizor, ki ga imenuje — dokler jih ne podpiše revizor, je to skrbnikova lastna beseda), korak pa se lahko preseli k drugemu skrbniku. Računalnik ne more dokazati, da skrbnik denar res ima — zato je vse o njem javno in preverljivo, da zaupanje sloni na dokazih, ne na imenu.